Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1272

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1272
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 concentrating voting influence with those stockholders who held our Class B common stock prior to our initial public offering. This
ownership could limit your ability to influence corporate matters, 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, and that may adversely affect the trading price of our Class A common stock.

Our
Class B common stock has ten votes per share, and our Class A common stock, which is the stock that we sold in our initial public offering,
has one vote per share. CTC holds all of the issued and outstanding shares of our Class B common stock, representing approximately 5.2%
of the voting power of our outstanding capital stock. In addition, because of the ten-to-one voting ratio between our Class B and Class
A common stock, the holder of our Class B common stock could continue to have influence in the voting power of our common stock and therefore
significantly influence all matters submitted to our stockholders for approval until converted by our Class B common stockholder. 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