Sidus Space Inc.

Sidus Space Inc. announced the resignations of two board members, Tiffany Norwood and Kelle Wendling, on October 6, 2026. Ms. Norwood cited disagreements regarding governance and oversight, including the handling of a confidential complaint. Ms. Wendling cited concerns about the Company's management and governance. The Company stated it respectfully disagrees with the substance and assertions in both resignation letters.

Sidus Space, Inc. announced that Jeffrey Shuman has retired from its Board of Directors. His departure was effective September 28, 2026, and was not due to any disagreements with the company regarding its operations, policies, or practices.

Sidus Space Inc. reported its Q2 2026 financial results, showing a significant improvement in its cash position and a narrowed net loss. The company's cash balance surged to $166.5 million as of June 30, 2026, primarily driven by $146.2 million in proceeds from the issuance of common stock units. Total assets increased substantially, and total liabilities decreased, including the full repayment of an $8.2 million asset-based loan, despite a decrease in revenue.

Sidus Space Inc. announced the appointment of Alan Khalili as its new Chief Financial Officer, effective July 27, 2026. Mr. Khalili brings over two decades of financial leadership experience across the space, satellite, and technology sectors. His compensation package includes a $450,000 base salary, a 50% discretionary bonus, and 50,000 restricted stock units. He replaces interim CFO John Burke and will lead all financial operations to support the company's growth initiatives.

Sidus Space Inc. issued a letter to shareholders detailing its strategic shift from technology development to commercialization, emphasizing a strengthened balance sheet and an expanding pipeline across defense, intelligence, civil, and commercial markets. The company highlighted raising approximately $170 million to enhance financial flexibility and accelerate commercialization. Key achievements include inclusion in Russell Indexes, successful LizzieSat platform demonstrations, and advancement of its Fortis VPX digital mission computing platform and Orlaith AI ecosystem, with commercial availability of Fortis VPX anticipated in early 2027.

Sidus Space Inc. announced the pricing of a registered direct offering expected to generate approximately $100 million in gross proceeds. The offering includes 16,485,038 shares of Class A common stock at $5.08 per share and pre-funded warrants for up to 3,200,001 shares at $5.0799 per warrant. The company intends to use the net proceeds for working capital and general corporate purposes, with the closing anticipated on May 29, 2026. ThinkEquity LLC is serving as the placement agent, receiving a 6.5% cash fee and warrants to purchase 984,252 shares.

Sidus Space Inc. reported a net loss of $5.21 million for the three months ended March 31, 2026, a significant improvement from the $6.41 million net loss in the prior year period. Total revenue increased by 50.7% to $359,372. Despite the improved operational performance and reduced liabilities, the company experienced a substantial decrease in cash and an increase in cash used in operating activities.

Sidus Space reported its first quarter 2026 financial results, showing a 51% year-over-year increase in revenue to $359,000 and a 36% improvement in gross loss to $1.1 million. The company also reduced its net loss by 19% to $5.2 million. Operationally, Sidus Space delivered initial imagery from LizzieSat-3, expanded agreements, and advanced payload integrations. Subsequent to the quarter, the company completed a $58.5 million direct offering and announced a CFO transition.

Sidus Space Inc. (SIDU) announced its Annual Meeting of Stockholders to be held on June 18, 2026. Stockholders will vote on the election of six directors, the ratification of the independent auditor, and two amendments to the 2021 Omnibus Equity Incentive Plan. The proposed amendments include increasing the shares reserved for awards to 4,800,000 from 800,000 and adopting an evergreen provision for automatic annual increases.

Sidus Space Inc. has entered into an exclusive placement agency agreement with ThinkEquity LLC for an offering of 13,453,700 shares of Class A common stock and/or pre-funded common stock purchase warrants. The shares will be offered at $4.35 each, while pre-funded warrants are priced at $4.3499 with an exercise price of $0.0001. ThinkEquity will act as the exclusive placement agent on a "reasonable best efforts" basis to assist the company in finding subscribers for the securities. The closing of the offering is anticipated on April 21, 2026.