10-K/A - SIDU - Equibles

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

10-K/A

(Amendment No. 1)

☒

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2021

☐

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For

the transition period from ________ to _________

Commission

file number 001-41154

SIDUS

SPACE, INC.

(Exact name of registrant as specified in charter)

Delaware	46-0628183
(State<br> or jurisdiction of<br><br> <br>Incorporation<br> or organization)	I.R.S.<br> Employer<br><br> <br>Identification<br> No.
150 N. Sykes Creek Parkway, Suite 200<br><br> <br>Merritt Island, FL	92953
---	---
(Address<br> of principal executive offices)	(Zip<br> code)

(321)613-5620

(Registrant’s telephone number, including area code)

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<br> A Common stock, $0.0001 par value	SIDU	The<br> Nasdaq Stock Market LLC

Securities

registered pursuant to Section 12(g) of the Act: None.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☐ No ☒

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large<br> accelerated filer	☐	Accelerated<br> filer	☐
Non-accelerated filer	☒	Smaller<br> reporting company	☒
		Emerging<br> 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. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The Registrant was not a public company as of the last business day of its most recently completed second fiscal quarter and, therefore, cannot calculate the aggregate market value of its voting and non-voting common equity held by non-affiliates as of such date.

Number

of common shares outstanding as of April 4, 2022 was 16,574,040

Documents Incorporated by Reference: None.

Auditor<br> Firm ID	Auditor<br> Name	Auditor<br> Location
5041	BF<br> Borgers CPA PC	Lakewood,<br> CO

EXPLANATORY

NOTE

Sidus Space, Inc. (the “Company”) is filing this Amendment No. 1 (this “Amendment”) to its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as originally filed with the U.S. Securities and Exchange Commission (“SEC”) on April 5, 2022 (the “Original Filing”) solely to amend Part IV – Item 15. Exhibits and Financial Statement Schedules to provide an updated Exhibit 23.1.

This Amendment No. 1 contains only the cover page, this explanatory note, Item 15 and the updated Exhibit 23.1. Because no financial statements have been included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items 307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. We are not including the certifications under Section 906 of the Sarbanes-Oxley Act of 2002 as no financial statements are being filed with this Amendment.

Except as described above, no other changes have been made to the Original Filing. Among other things, forward-looking statements made in the Original Filing have not been revised to reflect subsequent events that occurred or facts that became known to us after the filing of the Original Filing, and such forward-looking statements should be read in their historical context. Accordingly, this Amendment should be read in conjunction with the Company’s filings made with the SEC subsequent to the Original Filing.

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PART

ITEM

EXHIBITS, FINANCIAL STATEMENT SCHEDULES

(a)	The following documents are filed as part of this report:
(1)	Financial<br> Statements:
---	---
	Page
---	---
Index<br> to Consolidated Financial Statements:	F-1
Consolidated<br> Financial Statements:
Report of the Independent Registered Public Accounting Firm	F-1
Consolidated Balance Sheets as of December 31, 2021 and 2020	F-2
Consolidated Statements of Operations and Comprehensive Loss for the Years Ended December 31, 2021 and 2020	F-3
Consolidated<br> Statements of Stockholders’ Equity (Deficit) for the Years ended December 31, 2021 and 2020	F-4
Consolidated Statements of Cash Flows for the Years Ended December 31, 2021 and 2020	F-5
Notes to the Consolidated Financial Statements for the Years ended December 31, 2021 and 2020	F-6

The consolidated financial statements required by this Item are included beginning at page F-1.

(1)	Financial<br> Statement Schedules:

All financial statement schedules have been omitted because they are not applicable, not required or the information required is shown in the consolidated financial statements or the notes thereto.

(b)Exhibits

The following documents are included as exhibits to this report.

Exhibit No.	Title of Document
3.1	Amended and Restated Certificate of Incorporation, as amended (incorporated by reference to Exhibit 3.1 to Amendment No. 1 to Form S-1 filed with the SEC on December 3, 2021)
3.2	Certificate of Amendment of Amended and Restated Certificate of Incorporation dated August 24, 2021 (incorporated by reference to Exhibit 3.2 to Amendment No. 1 to Form S-1 filed with the SEC on December 3, 2021)
3.3	Certificate of Amendment of Amended and Restated Certificate of Incorporation dated December 16, 2021 (incorporated by reference to Exhibit 3.3 to Form 10-K filed with the SEC on April 5, 2022)
3.4	Amended and Restated Bylaws (incorporated by reference to Exhibit 3.4 to Form 10-K filed with the SEC on April 5, 2022)
4.1+	Form of Underwriter’s Warrant (incorporated by reference to Exhibit 4.2 to Amendment No. 1 to Form S-1 filed with the SEC on December 3, 2021)
4.2	Description of the Registrant’s Securities registered pursuant to Section 12 of the Securities Exchange Act of 1934 (incorporated by reference to Exhibit 4.2 to Form 10-K filed with the SEC on April 5, 2022)
10.1	Sidus Space, Inc. 2021 Omnibus Equity Incentive Plan (incorporated by reference to Exhibit 10.1 to Form 10-K filed with the SEC on April 5, 2022)
10.2	Revenue Loan and Security Agreement dated December 1, 2021 by and among Sidus Space, Inc., Carol Craig and Decathlon Alpha IV, L.P. (incorporated by reference to Exhibit 10.2 to Amendment No. 1 to Form S-1 filed with the SEC on December 3, 2021)
10.3	Loan Assignment and Assumption Agreement dated December 1, 2021 by and between Decathlon Alpha IV, L.P., Craig Technical Consulting, Inc. and Sidus Space, Inc. (incorporated by reference to Exhibit 10.3 to Amendment No. 1 to Form S-1 filed with the SEC on December 3, 2021)
10.4	Loan Agreement dated May 1, 2021 by and between Sidus Space, Inc. and Craig Technical Consulting, Inc. (incorporated by reference to Exhibit 10.4 to Amendment No. 1 to Form S-1 filed with the SEC on December 3, 2021)

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+ Management contract or compensatory plan or arrangement.

Pursuant to Item 601(b)(10) of Regulation S-K, certain confidential portions of this exhibit were omitted by means of marking such portions with an asterisk because the identified confidential portions (i) are not material and (ii) would be competitively harmful if publicly disclosed.

* Filed herewith

** Previously filed

ITEM

FORM 10-K SUMMARY

None.

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SIGNATURES

Pursuant to the requirements of Section 13 and 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Annual Report on Form 10-K/A to be signed on its behalf by the undersigned, thereunto duly authorized on this 8th day of December, 2022.

SIDUS SPACE, INC.
/s/ Carol Craig
Carol<br> Craig
Chief Executive Officer (Principal Executive Officer)<br><br> and Chairwoman
Signature	Title	Date
---	---	---
/s/ Carol Craig	Chief<br> Executive Officer (Principal Executive Officer) and Chairwoman	December 8, 2022
Carol<br> Craig
*	Chief<br> Financial Officer	December 8, 2022
Scott<br> Silverman	(Principal<br> Financial and Accounting Officer) and Director
*	Chief<br> Technology Officer and Director	December 8, 2022
Jamie<br> Adams
*	Director	December 8, 2022
Dana<br> Kilborne
*	Director	December 8, 2022
Cole<br> Oliver
*	Director	December 8, 2022
Miguel<br> Valero
By:	/s/ Carol Craig
---	---
	Carol<br> Craig, Attorney-in-fact

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Exhibit23.1

CONSENTOF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors of

Sidus Space, Inc.

We consent to the inclusion by reference in the Registration Statement on Form S-8 (File No. 333-263227) of Sidus Space, Inc. (the “Company”) of our report dated April 4, 2022 relating to the financial statements which appears in this Annual Report on Form 10-K for the year ended December 31, 2021.

/s/BF Borgers CPA PC

Certified Public Accountants

Lakewood, Colorado

April 4, 2022

Exhibit31.1

Certificationof Chief Executive Officer of Sidus Space, Inc.

Pursuantto Section 302 of the Sarbanes-Oxley Act of 2002

I, Carol Craig, certify that:

1.	I have reviewed this quarterly<br> report on Form 10-K/A of Sidus Space, Inc.;
2.	Based on my knowledge,<br> this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements<br> made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this<br> report;
Date: December 8, 2022	/s/ Carol Craig
---	---
	Carol Craig
	Chief Executive Officer<br><br> <br>(Principal Executive Officer)

Exhibit31.2

Certificationof Chief Financial Officer of Sidus Space, Inc.

Pursuantto Section 302 of the Sarbanes-Oxley Act of 2002

I, Teresa Burchfield, certify that:

1.	I have reviewed this quarterly<br> report on Form 10-K/A of Sidus Space, Inc.;
2.	Based on my knowledge,<br> this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements<br> made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this<br> report;
Date: December 8, 2022	/s/ Teresa Burchfield
---	---
	Teresa Burchfield
	Chief<br> Financial Officer<br><br> <br>(Principal<br> Financial and Accounting Officer)