Company: SIDU
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010989
Chunk: 73

Company: Sidus Space Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 73
---
 of Class B common stock issued and outstanding as of March 31, 2025 and December 31, 2024.

Warrants

A
summary of activity of the warrants during the three months ended March 31, 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 
  
    Exercised * 
     (1,162,802) 
     2.25  
     - 
  
    Exercised 
     (1,068,332) 
     2.25  
     - 
  
    Outstanding, March 31, 2025 
     3,171,172  
    $2.68  
     5.02 

    Exercisable, March 31, 2025 
     2,533,542  
    $2.87  
     5.10 

    *
     
    Prefunded
    warrants issued in December 2024

The
intrinsic value of the warrants as of March 31, 2025 is $6,046.

Stock
Options

On
February 1, 2025, the Company granted 265,000 options with an exercise price of $2.57, with a term of five (5) years to exercise from
the grant date to employees of the Company. Options issued vest at 33% of shares subject to the option on each anniversary date, on February
1, 2026, 2027 and 2028.

    -19-

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

Schedule
of Utilizes Black-Scholes Model to Value of Stock Options

    Three months ended 

    March 31, 

    2025 
  
    Expected term 
     3.50 years  
  
    Expected average volatility 
     189%
  
    Expected dividend yield 
     - 
  
    Risk-free interest rate 
     4.27%

During
the three months ended March 31, 2025, the Company granted 265,000
options valued at $609