Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1132

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1132
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 prior three-year period.

In
addition, under the JOBS Act, emerging growth companies may delay adopting new or revised accounting standards until such time as those
standards apply to private companies. We may elect not to avail ourselves of this exemption from new or revised accounting standards
and, therefore, may be subject to the same new or revised accounting standards as other public companies that are not emerging growth
companies.

We
cannot predict if investors will find our common stock less attractive because we may rely on these exemptions. If some investors find
our common stock less attractive as a result, there may be a less active trading market for our common stock and our share price may
be more volatile.

Anti-takeover
provisions contained in our certificate of incorporation and bylaws as well as provisions of Delaware law, could impair a takeover attempt.

Our
certificate of incorporation, bylaws and Delaware law contain provisions which could have the effect of rendering more difficult, delaying
or preventing an acquisition deemed undesirable by our board of directors. Our corporate governance documents include provisions:

    ●
    authorizing
    “blank check” preferred stock, which could be issued by our board of directors without stockholder approval and may contain
    voting, liquidation, dividend, and other rights superior to our common stock;

35

    ●
    limiting the liability
    of, and providing indemnification to, our directors and officers;

    ●
    limiting the ability of
    our stockholders to call and bring business before special meetings;

    ●
    requiring advance notice
    of stockholder proposals for business to be conducted at meetings of our stockholders and for nominations of candidates for election
    to our board of directors;

    ●
    controlling the procedures
    for the conduct and scheduling of board of directors and stockholder meetings; and

    ●
    providing our board of
    directors with the express power to postpone previously scheduled annual meetings and to cancel previously scheduled special meetings.

These provisions, alone or together, could delay
or prevent hostile takeovers and changes in control or changes in our management.

As a Delaware corporation, we are also subject to
provisions of Delaware law, including Section 203 of the Delaware General Corporation law, which prevents some stockholders holding more
than 15% of our outstanding common stock from engaging in certain business combinations without approval of the holders of substantially
all of our outstanding common stock.

Any provision of our certificate of incorporation,
bylaws or Delaware law that has the effect of