{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-050537","form_type":"8-K","ticker":"SIDU","cik":"0001879726","company_name":"Sidus Space Inc.","filed_at":"2026-11-06T22:25:29+00:00","discovered_at":"2026-11-06T22:26:00.444301+00:00","generated_at":"2026-11-06T22:26:06.531076+00:00","sec_items":["4.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Sidus Space to restate FY2024-FY2026 financials; FY2024 net loss up ~$12.5M, equity down $20M","bullets":["Audit Committee concluded Nov 2, 2026 that the FY2024 and FY2025 10-Ks and Q1/Q2 2026 10-Qs should no longer be relied upon; restatement timing undetermined.","3,409,946 warrants issued Dec 17, 2024 should have been liability-classified at fair value; ~$4.7M warrant liability was never recorded at issuance.","LizzieSat 2 never established communications; ~$4.0M impairment should have been booked in Q1 2026 and ~$0.3M/quarter of depreciation should not have been recorded.","Expected impact: FY2024 net loss +~$12.5M, FY2025 net loss -~$5.5M, six months 2026 net loss +~$4.1M; stockholders' equity down $20.0M at Dec 31, 2024.","$1.65M of customer contract revenue (incl. $0.4M in Q2 2026) to be deferred as a contract liability; ~$1.7M of VPX prototype costs should have been R&D expense."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-050537","json":"https://secwatch.observer/filing/0001493152-26-050537.json","markdown":"https://secwatch.observer/filing/0001493152-26-050537.md","text":"https://secwatch.observer/filing/0001493152-26-050537.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1879726/000149315226050537/0001493152-26-050537-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1879726/000149315226050537/form8-k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-11-06T22:26:06.531076+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}