Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1128

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1128
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holder. This
significant influence may limit or preclude your ability to influence corporate matters for the foreseeable future, including the election
of directors, amendments of our organizational documents and any merger, consolidation, sale of all or substantially all of our assets
or other major corporate transactions requiring stockholder approval. In addition, this concentrated control may prevent or discourage
unsolicited acquisition proposals or offers for our capital stock that you may feel are in your best interest as one of our stockholders.
As a result, such influence may adversely affect the market price of our Class A common stock.

33

Future
transfers by holders of Class B common stock will generally result in those shares converting to Class A common stock, subject to limited
exceptions as specified in our amended and restated certificate of incorporation, such as transfers to family members and certain transfers
effected for estate planning purposes. The conversion of Class B common stock to Class A common stock will have the effect, over time,
of increasing the relative voting power of those holders of Class B common stock who retain their shares in the long term. As a result,
it is possible that one or more of the persons or entities holding our Class B common stock could gain significant voting influence as
other holders of Class B common stock sell or otherwise convert their shares into Class A common stock.

We
cannot predict the effect our dual-class structure may have on the market price of our Class A common stock.

We
cannot predict whether our dual-class structure will result in a lower or more volatile market price of our Class A common stock, adverse
publicity or other adverse consequences. For example, certain index providers have announced and implemented restrictions on including
companies with multiple-class share structures in certain of their indices. In July 2017, FTSE Russell announced that it would require
new constituents of its indices to have greater than 5% of the company’s voting rights in the hands of public stockholders, and
S&P Dow Jones announced that it would no longer admit companies with multiple-class share structures to certain of its indices. Affected
indices include the Russell 2000 and the S&P 500, S&P MidCap 400 and S&P SmallCap 600, which together make up the S&P
Composite 1500. Also in 2017, MSCI, a leading stock index provider, opened public consultations on its treatment of no-vote and multi-class
structures and temporarily barred new multi-class listings from certain of its indices; however, in October 2018,