---
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"
generated_at: "2026-11-06T22:26:06.531076+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Sidus Space to restate FY2024-FY2026 financials; FY2024 net loss up ~$12.5M, equity down $20M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-050537
- JSON: https://secwatch.observer/filing/0001493152-26-050537.json
- Plain text: https://secwatch.observer/filing/0001493152-26-050537.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.