Sidus Space Reports Inducement Grant to New Chief Financial Officer
21 Februar 2024 - 2:30PM
Business Wire
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service company, today announced
the grant of an inducement award to the Company’s newly appointed
Chief Financial Officer, Bill White. In connection with Mr. White’s
appointment, the Sidus Space Board of Directors approved a stock
option grant to Mr. White as an inducement material to Mr. White
entering into employment with Sidus Space in accordance with Nasdaq
Listing Rule 5635(c)(4). The stock option provides for the purchase
of up to 25,000 shares of Sidus Space common stock at a price of
$4.60 per share, the closing price per share of Sidus Space common
stock as reported by Nasdaq on the date of grant, and vests over 3
years, with 1/36 of the shares vesting at the end of the month
after Mr. White’s employment start date, and the remainder vesting
ratably at the end of each subsequent month thereafter, subject to
Mr. White’s continued service relationship with Sidus Space through
the applicable vesting dates.
About Sidus Space Sidus Space (NASDAQ: SIDU) is a Space
and Data-as-a-Service satellite company focused on mission-critical
hardware manufacturing; multi-disciplinary engineering services;
satellite design, production, launch planning, mission operations;
and in-orbit support. The Company is located in Cape Canaveral,
Florida, where it operates from a 35,000-square-foot manufacturing,
assembly, integration, and testing facility focused on vertically
integrated Space-as-a-Service solutions including end-to-end
satellite support.
Sidus Space has a mission of Bringing Space Down to Earth™ and a
vision of enabling space flight heritage status for new
technologies while delivering data and predictive analytics to
domestic and global customers. Any corporation, industry, or
vertical can start their journey off-planet with Sidus Space’s
rapidly scalable, low-cost satellite services, space-based
solutions, and testing alternatives. More than just a
“Satellite-as-a-Service” provider, Sidus Space is a trusted Mission
Partner–from concept to Low Earth Orbit and beyond. Sidus Space is
ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.
Forward-Looking Statements Statements in this press
release about future expectations, plans and prospects, as well as
any other statements regarding matters that are not historical
facts, may constitute ‘forward-looking statements’ within the
meaning of The Private Securities Litigation Reform Act of 1995.
These statements include, but are not limited to, statements
relating to the expected trading commencement and closing dates.
The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’
‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’
‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar
expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain these
identifying words. Actual results may differ materially from those
indicated by such forward-looking statements as a result of various
important factors, including: the uncertainties related to market
conditions and other factors described more fully in the section
entitled ‘Risk Factors’ in Sidus Space’s Annual Report on Form 10-K
for the year ended December 31, 2022, and other periodic reports
filed with the Securities and Exchange Commission. Any
forward-looking statements contained in this press release speak
only as of the date hereof, and Sidus Space, Inc. specifically
disclaims any obligation to update any forward-looking statement,
whether as a result of new information, future events or
otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240221122150/en/
Investor Relations Valter Pinto KCSA Strategic
Communications sidus@kcsa.com (212) 896-1254
Media Pam Davis Sidus Space mediateam@sidusspace.com
Sidus Space (NASDAQ:SIDU)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Sidus Space (NASDAQ:SIDU)
Historical Stock Chart
Von Mai 2023 bis Mai 2024