Company: SIDU
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023543
Chunk: 20

Company: Sidus Space Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 20
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 recognized the value
of 490,000 underwriter warrants of approximately $620,000 as direct incremental costs of the offering and recorded as a reduction of
additional paid in capital.

The
Company utilizes the Black-Scholes model to value its warrants. The Company utilized the following assumptions:

 Schedule of Warrant Valuation Assumption

    Nine months ended 

    September 30, 2025 
  
    Expected term 
     3.08 - 5.00 years 
  
    Expected average volatility 
     166 - 178%
  
    Expected dividend yield 
     - 
  
    Risk-free interest rate 
     3.52 - 3.95 

A
summary of activity of the warrants during the nine months ended September 30, 2025 as follows:

 Schedule of Activity of Warrants

    Number of  
    Weighted average  
    Average 

    shares  
    Exercise Price  
    Life (years) 
  
    Outstanding, December 31, 2024 
     5,402,306  
    $2.50  
     5.35 
  
    Granted - true up 
     6,571  
     1.00  
     3.08 
  
    Granted 
     357,150  
     1.31  
     5.00 
  
    Granted 
     490,000  
     1.25  
     5.00 
  
    Exercised * 
     (1,162,802) 
     2.25  
     - 
  
    Exercised 
     (1,068,332) 
     2.25  
     - 
  
    Outstanding, September 30, 2025 
     4,024,893  
    $2.38  
     4.59 

    Exercisable, September 30, 2025 
     4,024,893  
    $2.38  
     4.59 

*Prefunded warrants
issued in December 2024

The
intrinsic value of the warrants as of September 30, 2025 is $1,051.

    22

Stock
Options

On
February 1, 2025, the Company granted 265,000 options with an exercise price of $2.57, with a