Sidus Space Inc. 8-K

What Happened

• Sidus Space, Inc. (SIDU) filed an 8-K on February 26, 2026 announcing it entered into an at-the-market (ATM) sales agreement with ThinkEquity LLC. Under the agreement the company may offer and sell shares of its Class A common stock (par value $0.0001) from time to time through the sales agent, pursuant to the company’s effective Form S-3 registration statement (File No. 333-292839) and a prospectus supplement dated February 25, 2026.

Key Details

• Agreement date: February 26, 2026; 8-K filed same date.
• Sales agent: ThinkEquity LLC; commission: 3.0% of gross proceeds on shares sold through the agent.
• Offering mechanics: ATM sales on Nasdaq or other trading markets, negotiated transactions, or other lawful methods; company is not obligated to sell shares and can set minimum sale prices.
• Termination: either party may terminate with 10 days’ prior notice; company agreed to indemnify and reimburse certain agent expenses. Legal opinion of Sheppard, Mullin, Richter & Hampton LLP is filed as Exhibit 5.1; Sales Agreement is Exhibit 10.1.

Why It Matters

• This agreement gives Sidus Space a ready mechanism to raise capital by selling shares into the market as needed without a fixed underwritten offering. For investors, an ATM facility can dilute existing holders if shares are sold, but it also provides the company flexibility to fund operations, growth or reduce debt on potentially cost-effective terms compared with other financing options. The 3.0% sales commission and customary indemnities are standard terms disclosed in the filing.