Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 183

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 183
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 Company.

Involvement
in Certain Legal Proceedings

We
are not aware of any of our directors or officers being involved in any legal proceedings in the past ten years relating to any matters
in bankruptcy, insolvency, criminal proceedings (other than traffic and other minor offenses), or being subject to any of the items set
forth under Item 401(f) of Regulation S-K.

Committees
of Our Board of Directors

Our
board of directors directs the management of our business and affairs, as provided by Delaware law, and conducts its business through
meetings of the board of directors and its standing committees. We have a standing audit committee and compensation committee. In addition,
from time to time, special committees may be established under the direction of the board of directors when necessary to address specific
issues.

61

Audit
Committee

Our
audit committee is responsible for, among other things:

    ●
    Approving
    and retaining the independent auditors to conduct the annual audit of our financial statements; 

    ●
    reviewing
    the proposed scope and results of the audit; 

    ●
    reviewing
    and pre-approving audit and non-audit fees and services;

    ●
    reviewing
    accounting and financial controls with the independent auditors and our financial and accounting staff; 

    ●
    reviewing
    and approving transactions between us and our directors, officers and affiliates; 

    ●
    establishing
    procedures for complaints received by us regarding accounting matters; 

    ●
    overseeing
    internal audit functions, if any; and 

    ●
    preparing
    the report of the audit committee that the rules of the SEC require to be included in our annual meeting proxy statement.

Our
audit committee consists of Dana Kilborne, Cole Oliver, Leonardo Riera and Jeffrey Shuman, with Ms. Kilborne serving as chair. Our board
of directors has affirmatively determined that Ms. Kilborne and Messrs. Oliver, Riera and Shuman each meet the definition of “independent
director” under the Nasdaq rules, and that they meet the independence standards under Rule 10A-3. Each member of our audit committee
meets the financial literacy requirements of the Nasdaq rules. In addition, our board of directors has determined that Ms. Kilborne qualifies
as an “audit committee financial expert,” as such term is defined in Item 407(d)(5) of Regulation S-K. Our board of directors
adopted a written