{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-037115","form_type":"8-K","ticker":"SIDU","cik":"0001879726","company_name":"Sidus Space Inc.","filed_at":"2023-10-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.252064+00:00","generated_at":"2026-06-10T00:15:27.885704+00:00","sec_items":["1.01","3.02","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sidus Space raises $2M via convertible preferred and warrant offering; board declassified","bullets":["Gross proceeds $2M from registered direct offering of 2,000 Series A Convertible Preferred shares, convertible into ~19.7M common shares at $0.10152/share.","Concurrent private placement of warrants to purchase up to 19.7M common shares at $0.10152, exercisable for 5 years.","Series A Preferred carries 10% annual dividend (20% upon triggering event) and full-ratchet anti-dilution protection.","Board declassified via Bylaws amendment on Oct 9; stockholder approval sought for Nasdaq rules with 61% voting support secured."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-037115","json":"https://secwatch.observer/filing/0001493152-23-037115.json","markdown":"https://secwatch.observer/filing/0001493152-23-037115.md","text":"https://secwatch.observer/filing/0001493152-23-037115.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1879726/000149315223037115/0001493152-23-037115-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1879726/000149315223037115/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T00:15:27.885704+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"15497af1e6dca183d604f76aa189410f33b6c44c","claim":"Sidus Space Inc.: Declassified the Board of Directors by amending the Amended and Restated Bylaws (effective 2023-10-09).","evidence_excerpt":"On October 9, 2023, the Board approved an amendment to the Bylaws to declassify the Board.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1879726/000149315223037115/0001493152-23-037115-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-10-09"}],"fact_type":"governance_change"},{"claim_id":"a15ece283ae92a58d5932ffe013d301a441eb11a","claim":"Sidus Space Inc.: Filed Certificate of Designations for Series A Convertible Preferred Stock (effective 2023-10-12).","evidence_excerpt":"On October 12, 2023, the Company filed the Certificate of Designations of Preferences, Rights and Limitations of Series A Preferred Stock (the “Certificate of Designations”), designating 2,000 shares of Series A Preferred Stock, with the Secretary of State of the State of Delaware.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1879726/000149315223037115/0001493152-23-037115-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-10-12"}],"fact_type":"governance_change"},{"claim_id":"f7cd0afd6daed3d167ddc372d845691524d6f80a","claim":"Sidus Space Inc. entered into Purchase Agreement with certain institutional investors valued at $2 million (effective 2023-10-11).","evidence_excerpt":"On October 11, 2023, Sidus Space, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors, pursuant to which the Company agreed to issue and sell to such investor, in a registered direct offering (the “Offering”), an aggregate of 2,000 shares of the Company’s Series A convertible preferred stock, par value $0.0001 per share and stated value of $1,000 per share (the “Series A Preferred Stock”) at an offering price of $1,000 per share.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1879726/000149315223037115/0001493152-23-037115-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Value","value":"$2 million"},{"label":"Effective","value":"2023-10-11"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}