Sidus Space amends revenue loan, extends maturity to Dec 9, 2024

Sidus Space Inc.

First Amendment to Revenue Loan and Security Agreement with Decathlon Alpha IV, L.P. and Carol Craig.
Maturity date extended to December 9, 2024, from earlier date; fixed monthly payments start Dec 15, 2023.
If Craig Technical Consulting loan paid by Dec 15, 2023, IRR target reduced from 34% to 31.96%.
Company to reimburse lender for amendment-related fees and expenses.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sidus Space Inc. amended First Amendment to the Revenue Loan and Security Agreement with Carol Craig and Decathlon Alpha IV, L.P. (effective 2023-11-16).

Action: amendment
Agreement: credit facility
Counterparty: Carol Craig and Decathlon Alpha IV, L.P.
Effective: 2023-11-16

Exact text from the filing

Sidus Space, Inc. (the “Company”) entered into the First Amendment to the Revenue Loan and Security Agreement by and among Carol Craig and Decathlon Alpha IV, L.P. (the “Amendment”) that was originally entered into on December 3, 2021 (the “Agreement”).

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Source: SEC EDGAR

accession 0001493152-23-043792

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