Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 686

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 686
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 of five
years at an exercise price per share of $30.0
in connection with the common stock sold in January 2023. These warrants were fully exercised into Class A Common stock as part of
the offering previously described. In addition, the Company issued a total of 6,901
underwriter warrants exercisable 180 days after the January 30, 2023 date of the offering agreement, for a period of five
years at an exercise price per share of $37.5
in connection with the common stock sold. The Company recognized the value of 6,901 underwriter warrants of $566,229 as finance expense for compensation of services.

April
2023 offering

For
the year ended December 31, 2023, the Company issued a total of 217,310
pre-funded warrants and 340,910
warrants exercisable for a period of five
years at an exercise price per share of $33.0
in connection with the common stock sold in April 2023. During the second and third quarters of 2023, a total of 217,310
pre-funded warrants and 333,049
warrants were exercised into Class A Common stock. In addition, the Company issued a total of 10,228
underwriter warrants exercisable 180 days after the April 20,2023 date of the offering agreement, for a period of five
years at an exercise price per share of $41.25
in connection with the common stock sold. The Company recognized the value of 10,228 underwriter warrants of $240,525 as finance expense for compensation of services.

October
2023 offering

For
the year ended December 31, 2023, the Company issued 197,006 warrants
exercisable for a period of five
years at an exercise price per share of $10.152
in connection with the Series A Convertible Preferred stock sold in October 2023. In addition, the Company issued a total of 11,820
underwriter warrants exercisable any time after the October 11, 2023 date of the offering for a period of five
years at an exercise price per share of $12.69
in connection with the common stock sold. The Company recognized the value of 11,820 underwriter warrants of $111,094 as finance expense for compensation of services.

    F-23

During
the year ended December 31, 2024,