Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 966

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 966
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25  
     5.50 
  
    Granted (*) 
     1,162,802  
     2.25  
     5.50 
  
    Split – warrant granted in October 2023 
     516,012  
     1.25  
     - 
  
    Exercised (**) 
     (756,635) 
     3.25  
     - 
  
    Outstanding, December 31, 2024 
     5,402,306  
    $2.50  
     5.35 

    Exercisable, December 31, 2024 
     4,764,676  
    $2.58  
     5.40 

*Prefunded warrants
were not yet issued as of December 31, 2024.

** Prefunded warrants, 69,900, from January 2024 offering, are included in the direct sale of equity due to immediately exercised upon raise.

The
intrinsic value of the warrants as of December 31, 2024 is $14,107,379.

Stock
Options

On
August 21, 2023, the Company granted 39,552 options with an exercise price of $16.0, with a term of five (5) years to exercise from the
grant date, to employees of the Company. Options issued vest at 25% of shares subject to the option on each anniversary date, on August
21, 2024, 2025, 2026 and 2027.

In
October 2023, the Company granted 200 options with an exercise price of $100.0, with a term of five (5) years to exercise from the grant
date, to an employee of the Company under separation agreement. Options vest at grant date.

On
February 6, 2024, the Company granted 25,000 options with an exercise price of $4.12, with a term of five (5) years to exercise from
the grant date to employees of the Company. Options issued vest at 33% of shares subject to the option on each anniversary date, on February
6, 2025, 2026 and 2027.

    F-25

The
Company utilizes the Black-Scholes model to value its stock options. The Company utilized the following assumptions:

Schedule
of Utilizes Black-Scho