Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1202

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1202
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 Commission (the “SEC”) on
July 26, 2023 and declared effective by the SEC on August 14, 2023. Concurrently with the sale of the Series A Preferred Stock, pursuant
to the Purchase Agreement in a concurrent private placement, for each share of Class A Common Stock issuable upon conversion of the Series
A Preferred Stock purchased by the investor, such investor received from the Company an unregistered warrant (the “Warrant”)
to purchase one share of Class A Common Stock (the “Warrant Shares”). Each Warrant will be exercisable for one share of the
Company’s Class A Common Stock at an exercise price of $10.152 per share, will be exercisable immediately upon issuance, and will
have a term of five years from the date of issuance. The exercise price is subject to customary adjustments for stock dividends, stock
splits, reclassifications and the like, and subject to price-based adjustment, on a “full ratchet” basis, in the event of
any issuances of Class A Common Stock, or securities convertible, exercisable or exchangeable for Class A Common Stock, at a price below
the then-applicable exercise price (subject to certain exceptions).

During
the years ended December 31, 2024 and 2023, 372 and 1,628 shares of Series A convertible preferred stock and a related dividend of $27,374
and $166,483 were converted into 106,748 and 176,791 shares of Class A common stock, respectively.

The
Company had 0 and 372 shares of Series A Convertible preferred stock issued and outstanding as of December 31, 2024 and 2023, respectively.

    F-21

Class
A Common Stock

The
Company had 15,956,816 and 983,173 shares of Class A common stock issued and outstanding as of December 31, 2024 and 2023, respectively.

Fiscal
year 2024

On
January 29, 2024, the Company closed a public offering of an aggregate of 1,181,900 shares of Class A Common Stock and pre-funded warrants
to purchase up to an aggregate of 69,900 shares of Class A Common Stock in lieu of Shares, which were sold pursuant to that certain Underwriting
Agreement, dated January 29, 2024, by and between the Company and the Representative of the Underwriters. Gross proceeds from the offering