Risks Related to our Relationship with Craig Technical Consulting, Inc.
CTC controls the direction of our business, and the concentrated ownership of our common stock will prevent you and other stockholders from influencing significant decisions.
CTC owns a 92.6% of the economic interest and voting power of our outstanding common stock as of December 31, 2022. As long as CTC beneficially controls a majority of the voting power of our outstanding Class B common stock, it will generally be able to determine the outcome of all corporate actions requiring stockholder approval, including the election and removal of directors. Even if CTC were to control less than a majority of the voting power of our outstanding Class B common stock, it may influence the outcome of such corporate actions so long as it owns a significant portion of our Class B common stock. If CTC continues to hold its shares of our Class B common stock, it could remain our controlling stockholder for an extended period of time or indefinitely.
See page 36, but I would encourage everyone to read the filings thoroughly.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1879726/000149315223007736/form10-k.htm#a_003
Recent SIDU News
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 10/11/2024 08:05:50 PM
- Sidus Space Announces LizzieSat™-2 is Ready for Launch • Business Wire • 10/01/2024 05:50:00 PM
- Sidus Space Announces LizzieSat™-2 is Ready for Launch • Business Wire • 10/01/2024 12:30:00 PM
- Sidus Space Enhances LizzieSat™ Constellation Operations via Agreement with Neuraspace • Business Wire • 09/19/2024 12:30:00 PM
- Sidus Space Announces an Additional Contract Award for NASA ASTRA • Business Wire • 09/11/2024 12:30:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 12:52:14 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 12:48:59 PM
- Sidus Space Appoints Former Airbus US Space & Defense Executive Director, Lavanson (LC) Coffey III, to its Board of Directors • Business Wire • 09/03/2024 12:30:00 PM
- Sidus Space to Attend World Satellite Business Week 2024; CEO Carol Craig to Present on Key Panel • Business Wire • 08/29/2024 12:30:00 PM
- Sidus Space Awarded $2 Million Contract for U.S. Navy Propulsion Program • Business Wire • 08/20/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/19/2024 08:15:51 PM
- Sidus Space Reports Second Quarter 2024 Financial Results and Provides Business Update • Business Wire • 08/19/2024 08:15:00 PM
- Sidus Space to Host Second Quarter 2024 Financial Results Conference Call on August 19th at 5:00 p.m. ET • Business Wire • 08/14/2024 12:30:00 PM
- Sidus Space Secures Contract with Xiomas Technologies to Supply FeatherEdge Computing System for Fire Detection via High-Altitude Infrared Imaging • Business Wire • 08/13/2024 12:30:00 PM
- Sidus Space Founder and CEO Carol Craig Named to Forbes 50 Over 50 List • Business Wire • 08/08/2024 12:30:00 PM
- Sidus Space Develops Advanced High-Speed Switch Card Expanding Products to Support Small Satellite Supply Chain • Business Wire • 08/06/2024 12:30:00 PM
- Sidus Space Attends Industry Conference Small Satellite 2024 • Business Wire • 08/05/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/09/2024 01:02:19 PM
- Sidus Space Appoints former L3Harris Chief Human Resources Officer, Jeffrey Shuman, to its Board of Directors • Business Wire • 07/09/2024 12:30:00 PM
- Sidus Space and NASA Stennis Space Center Successfully Complete Primary Objectives of Historic In-Space Payload Mission • Business Wire • 07/02/2024 12:30:00 PM
- Sidus Space and NamaSys Bahrain Sign MOU to Establish “Sidus Arabia” JV Headquartered in Saudi Arabia to Develop a State-of-the-Art 3D Printing Satellite Manufacturing Facility • Business Wire • 06/25/2024 12:30:00 PM
- Revolutionizing Thermal Sensing: Sidus Space Demonstrates AI Enhanced Firefighting Software Solution on LizzieSat™ • Business Wire • 06/18/2024 12:30:00 PM
- Sidus Space’s LizzieSat-1 and FeatherEdge Support the Achievement of Flight Heritage for Arkisys’ Applique Technology • Business Wire • 06/04/2024 12:30:00 PM
- Sidus Space’s LizzieSat-1 Successfully Transmits Data from Orbit through the Power of its Artificial Intelligence (AI) Rapid Delivery Platform • Business Wire • 05/30/2024 12:30:00 PM
- Sidus Space Announces Successful Recertification of ISO 9001:2015 and AS9100D • Business Wire • 05/29/2024 12:30:00 PM
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