Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1126

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1126
---
 to our affairs. This could have a negative impact on
our ability to implement our plan of operation.

Our
Chief Executive Officer, Carol Craig, is also the Chief Executive Officer of CTC and may not commit her full time to our affairs, which
may result in a conflict of interest in allocating her time between our business and the other business. Ms. Craig spends approximately
70 hours per week working for us. Furthermore, our Chief Executive Officer is not obligated to contribute any specific number of her
hours per week to our affairs. If other business affairs require our Chief Executive Officer to devote more amounts of time to other
affairs, including the business of CTC, it could limit their ability to devote time to our affairs and could have a negative impact on
our ability to implement our plan of operation.

32

Risks
Related to our Relationship with Craig Technical Consulting, Inc.

The
ownership by our Chief Executive Officer of shares of CTC common stock may create, or may create the appearance of, conflicts of interest.

The
ownership by our Chief Executive Officer of shares of CTC common stock may create, or may create the appearance of, conflicts of interest.
Ownership by our Chief Executive Officer of common stock of CTC, creates, or, may create the appearance of, conflicts of interest when
she is faced with decisions that could have different implications for CTC than the decisions have for us. Our Chief Executive Officer
has agreed to recuse herself with respect to voting on any matter coming before either CTC’s or our board of directors related
to our relationship with CTC, although she will still be permitted to participate in discussions and negotiations. Any perceived conflicts
of interest resulting from investors questioning the independence of our management or the integrity of corporate governance procedures
may materially affect our stock price.

Risks
Related to Our Class A Common Stock

We
are currently listed on The Nasdaq Capital Market. If we are unable to maintain listing of our securities on Nasdaq or any stock exchange,
our stock price could be adversely affected and the liquidity of our stock and our ability to obtain financing could be impaired and
it may be more difficult for our stockholders to sell their securities.

Although
our common stock is currently listed on The Nasdaq Capital Market, we may not be able to continue to meet the exchange’s minimum
listing requirements or those of any other national exchange. If we are unable to maintain listing on Nasdaq or if a liquid market for
our common stock does not develop or is sustained