Sidus Space implements 1-for-100 reverse stock split to address Nasdaq bid price compliance

Sidus Space Inc.

Reverse split effective 4:01 PM ET Dec 19; trading on split-adjusted basis begins Dec 20.
Every 100 shares become 1 share; fractional shares rounded up; post-split shares outstanding ~864,104.
Split intended to meet Nasdaq's $1.00 minimum bid price requirement but no guarantee of compliance.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Sidus Space Inc.: Certificate of amendment to effect a 1-for-100 reverse stock split of common stock (effective 2023-12-19).

Change: charter amendment
Effective: 2023-12-19

Exact text from the filing

the Company filed with the Secretary of State of the State of Delaware a certificate of amendment to its certificate of incorporation (the “Certificate of Amendment”) to effect the Reverse Stock Split. The Reverse Stock Split became effective as of 4:01 p.m. Eastern Time on December 19, 2023

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Sidus Space Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-045419

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