Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 167

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 167
---
 outstanding as of December 31, 2024.

During
the year ended December 31, 2024, 372 shares of Series A convertible preferred stock and a related dividend of $58,941 were converted
into 106,748 shares of Class A common stock.

During
the year ended December 31, 2024, 686,735 shares of Class A common stock were issued for exercise of warrants. Gross proceeds from the
exercise of the warrants were $1,966,539.

During
the year ended December 31, 2024, the Company issued 17,671 shares for employee compensation, valued at $25,270.

Fiscal
year 2023

On
January 30, 2023, the Company offered an aggregate of up to 26,400 shares of our Class A common stock and pre-funded warrants to purchase
up to an aggregate 123,600 shares of Class A common stock. In addition, the company issued 22,500 prefunded warrants to cover over-allotments.
All pre-funded warrants were exercised and total issued stock in this offering was 172,500 aggregate shares of Class A common stock.
The purchase price for each share of Class A common stock was $30.0. Warrants equal to 4% of the number of securities issued by the Company
in the offering were issued to the underwriter at an exercise price of 125% of the offering price per share. Gross proceeds from the
offering were approximately $5.2 million, and net proceeds of approximately $4.6 million after underwriter expenses.

    F-22

On
April 20, 2023, the Company sold an aggregate of 85,720 shares of our Class A Common Stock and pre-funded warrants to purchase up to
an aggregate 217,310 shares of Class A Common Stock and warrants to purchase up to 303,030 shares of Class A Common Stock. In addition,
the Company sold 37,880 shares of Class A Common Stock and 37,880 of accompanying warrants to purchase shares of Class A Common Stock
pursuant to the partial exercise of the underwriter’s over-allotment option. The purchase price for each share of Class A Common
Stock and accompanying warrant was $33.0. Warrants equal to 3% of the number of securities issued by the Company in the offering at an
exercise price of 125% of the offering price per share was issued to the underwriter.