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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): August 27, 2024
SIDUS
SPACE, INC.
(Exact
name of registrant as specified in its charter)
Delaware |
|
001-41154 |
|
46-0628183 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
150
N. Sykes Creek Parkway, Suite 200
Merritt
Island, FL |
|
32953 |
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (321) 613-5620
Not
Applicable
(Former
name or former address, if changed since last report.)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instructions A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Class
A Common Stock, $0.0001 par value per share |
|
SIDU |
|
Nasdaq
Capital Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02 |
Departure of Directors or Principal
Officers; Election of Directors; Appointment of Principal Officers. |
On
August 27, 2024, the Board of Directors (the “Board”) of Sidus Space, Inc. (the “Company”) appointed Lavanson
C. “LC” Coffey III as a director, effective immediately, for a term continuing to the Company’s next annual meeting
of shareholders, when all directors will be subject to election by shareholders.
There
are no arrangements or understandings between Mr. Coffey and any other person pursuant to which he was elected as a director. There are
no transactions in which Mr. Coffey has an interest requiring disclosure under Item 404(a) of Regulation S-K.
A
press release announcing these matters is filed as Exhibit 99.1 to this Form 8-K.
Item 9.01 |
Financial Statements and Exhibits. |
(d)
Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
SIDUS
SPACE, INC. |
Dated:
September 3, 2024 |
|
|
By: |
/s/
Carol Craig |
|
Name: |
Carol
Craig |
|
Title: |
Chief
Executive Officer |
Exhibit
99.1
Sidus
Space Appoints Former Airbus US Space & Defense Executive Director, Lavanson (LC) Coffey III, to its Board of Directors
CAPE
CANAVERAL, FL, September 3, 2024 – Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a provider of
end-to-end precision Space Infrastructure solutions that include satellite Data-as-a-Service on its proprietary on-orbit platform, today
announced that its Board of Directors has appointed Lavanson (LC) Coffey as an Independent Director, effective August 27, 2024.
Carol
Craig, Chairman and CEO of Sidus Space, stated “We are thrilled to welcome Mr. Coffey to the Sidus Board. With 40 years of aerospace
experience and senior leadership across military, government, and commercial sectors, he brings invaluable insights and strategic direction
that will help us build upon our recent commercial space successes.”
LC
Coffey added “I am honored to join the Sidus team. I believe Sidus Space is on a journey that will continue to result in groundbreaking
innovations and industry changing achievements. I look forward to leveraging my space industry knowledge and experience to support Sidus’
ongoing strategic growth.”
Lavanson
C. Coffey III, who prefers to be called “LC,” brings nearly four decades of aerospace experience and leadership to Sidus
Space. After retiring from the U.S. Air Force, LC joined Ball Aerospace, where he led the launch mission for the Intelligence Community’s
first commercially procured launch vehicle. This achievement paved the way for commercial launch providers across the nation and helped
the U.S. government begin realizing affordable space lift. Following his time at Ball Aerospace, LC joined Airbus U.S. Space & Defense
as Vice President & Business Enabler and later served as Executive Director for their Space line of business.
LC
developed his leadership skills in the U.S. Air Force, where his assignments ranged from Rocket Propulsion Engineering and Project Management
to serving as an Assistant Professor of Astronautical Engineering and Aide-de-Camp for the U.S. Air Force Academy Superintendent. As
Program Manager and Division Deputy Director, LC played a key role in building the nation’s Atlas 5 launch capability and rehabilitating
the Delta 4-heavy launch pad at Vandenberg AFB. He later served as the Secretary of the Air Force’s Legislative Liaison in the
U.S. Senate and concluded his Air Force career by commanding the First Space Launch Squadron at Cape Canaveral, the 2nd Cadet Group at
the U.S. Air Force Academy, and the 30th Launch Group at Vandenberg, CA.
LC
holds a BS in Engineering from the U.S. Air Force Academy, an MS in Engineering Management from California State University, and two
additional MA degrees from Air University.
About
Sidus Space
Sidus
Space (NASDAQ: SIDU) is a multi-faceted Space Infrastructure-as-a-Service satellite company focused on mission-critical hardware manufacturing;
multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support. The
Company is in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing
facility focused on vertically integrated Space-as-a-Service solutions including end-to-end satellite support.
Sidus
Space has a mission of Bringing Space Down to Earth™ and a vision of enabling space flight heritage status for new technologies
while delivering data and predictive analytics to domestic and global customers. More than just a “Satellite-as-a-Service”
provider, Sidus Space products and services are offered through its several business units: Space-as-a-Service, Space-Based Data Solutions,
AI/ML Products and Services, Mission Planning and Management Operations, 3D Printing and Products and Services, Satellite Manufacturing
and Payload Integration. and Space and Defense Hardware Manufacturing. Sidus Space is ISO 9001:2015, AS9100 Rev. D certified, and ITAR
registered.
Forward-Looking
Statements
Statements
in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not
historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform
Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates.
The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’
‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’
‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated
by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions
and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s Annual Report on Form
10-K for the year ended December 31, 2023, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking
statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation
to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Contacts:
Investor
Relations
investorrelations@sidusspace.com
Media
Inquiries
press@sidusspace.com
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