Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 19

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 19
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 the Company completed an underwritten public offering of 7,143,000 shares of Class A common stock at a public offering
price of $1.05 per share, for approximately $6.7 million of net proceeds.

September
2025 Public Offering

On
September 14, 2025, the Company completed an underwritten public offering of 9,800,000 shares of Class A common stock at a public offering
price of $1.00 per share, for approximately $8.8 million of net proceeds.

In
addition, during the nine months ended September 30, 2025, the Company issued 2,247,667 shares of Class A common stock as follows;

●1,162,802
                                            shares for exercise of pre-funded warrants and 1,068,332 shares for exercise of warrants,
                                            for which the Company received $2,381,247

●16,533
                                            shares to prior CFO and a Board member valued at $40,115

Class
B Common Sock

The
Company had 100,000 shares of Class B common stock issued and outstanding as of September 30, 2025 and December 31, 2024.

    21

Warrants

True
up warrant

The
Company adjusted the number of warrants and their exercise price granted in October 2023 due to offerings in third quarter of 2025. 6,571
warrants were granted, and the new exercise price was adjusted to $1.00. The Company recognized the value of warrants of approximately
$8,000 as direct incremental costs of the offering and recorded as a reduction of additional paid in capital.

July
2025 offering

The
Company issued a total of 357,150 underwriter warrants exercisable after the July 29, 2025 date of the offering agreement, for a period
of five years at an exercise price per share of $1.31 in connection with the common stock sold. The Company recognized the value of 357,150
underwriter warrants of approximately $698,000 as direct incremental costs of the offering and recorded as a reduction of additional
paid in capital.

September
2025 offering

The
Company issued a total of 490,000 underwriter warrants exercisable after the September 16, 2025 date of the offering agreement, for a
period of five years at an exercise price per share of $1.25 in connection with the common stock sold. The Company