Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1351

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1351
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 exercise price per share of $33.0
in connection with the common stock sold in April 2023. During the second and third quarters of 2023, a total of 217,310
pre-funded warrants and 333,049
warrants were exercised into Class A Common stock. In addition, the Company issued a total of 10,228
underwriter warrants exercisable 180 days after the April 20,2023 date of the offering agreement, for a period of five
years at an exercise price per share of $41.25
in connection with the common stock sold. The Company recognized the value of 10,228 underwriter warrants of $240,525 as finance expense for compensation of services.

October
2023 offering

For
the year ended December 31, 2023, the Company issued 197,006 warrants
exercisable for a period of five
years at an exercise price per share of $10.152
in connection with the Series A Convertible Preferred stock sold in October 2023. In addition, the Company issued a total of 11,820
underwriter warrants exercisable any time after the October 11, 2023 date of the offering for a period of five
years at an exercise price per share of $12.69
in connection with the common stock sold. The Company recognized the value of 11,820 underwriter warrants of $111,094 as finance expense for compensation of services.

    F-23

During
the year ended December 31, 2024, the Company issued 200 warrants exercisable for a period of five years at an exercise price per share
of $100 to a prior employee.

January
2024 offering

The
Company issued a total of 69,900
pre-funded warrants exercisable for a period
of five
years at an exercise price per share of $4.50
in connection with the common stock sold in January
2024. These warrants were fully exercised into Class A Common stock as part of the offering previously described. In addition, the Company
issued a total of 62,585
underwriter warrants exercisable 180 days after
the January 29, 2024 date of the underwriting agreement, for a period of five
years at an exercise price per share of $5.625
in connection with the common stock sold. The
Company recognized the value of 62,585 underwriter warrants of $528,818 as