Company: SIDU
Filing Date: 2025-07-28
Form Type: 8-K
Source: 0001641172-25-021167
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Company: Sidus Space Inc.
Filing Date: 2025-07-28
Form: 8-K
Item: Item 1.01
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Item
1.01 Entry into a Material Definitive Agreement

On
July 27, 2025, Sidus Space, Inc. (the “ Company”) entered into a placement agency agreement (the “ Placement Agency Agreement”)
with ThinkEquity LLC (“the “ Placement Agent”), pursuant to which the Company agreed to issue and sell directly to investors,
in a best efforts offering (the “ Offering”) an aggregate of 7,143,000 shares (the “ Shares”) of the Company’s
Class A common stock, par value $0.0001 (the “ Common Stock”), at an offering price of $1.05 per Share.

The
Shares were offered and sold by the Company pursuant to the Company’s effective registration statement on Form S-3 (File No. 333-273430),
including a base prospectus, filed with the U. S. Securities and Exchange Commission (the “ SEC”) on July 26, 2023 and declared
effective on August 14, 2023

The
closing of the Offering is expected to occur on July 29, 2025, subject to the satisfaction of customary closing conditions. The gross
proceeds to the Company from the Offering are expected to be approximately $7.5 million, before deducting placement agent fees and expenses
and estimated offering expenses payable by the Company. The Company intends to use the net proceeds received from the Offering for working
capital and general corporate purposes.

Pursuant
to the Placement Agency Agreement, the Company agreed to pay the Placement Agent a cash fee equal to 7.0% of the aggregate purchase price
paid by the purchasers in the Offering. The Company also agreed to reimburse the Placement Agent for all reasonable and out-of-pocket
expenses incurred in connection with the Placement Agent’s engagement, including reasonable fees and expenses of the Placement
Agent’s legal counsel and due diligence analysis in an amount not to exceed $125,000. In addition, the Company agreed to issue
to ThinkEquity or its designees warrants (the “ Placement Agent Warrants”) to purchase up to an aggregate of 357,100 shares
of the Company’s Common Stock. The Placement Agent Warrants are exercisable immediately upon issuance at an exercise price of $1.3125
per share and have a term of exercise equal to five years from the date of issuance.

The
Placement Agency Agreement contains customary representations and warranties, agreements and obligations, conditions to closing and termination
provisions. The foregoing descriptions of