0000000000-21-014513.txt : 20220112 0000000000-21-014513.hdr.sgml : 20220112 20211202133003 ACCESSION NUMBER: 0000000000-21-014513 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20211202 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Sidus Space Inc. CENTRAL INDEX KEY: 0001879726 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] IRS NUMBER: 460628183 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 175 IMPERIAL BLVD. CITY: CAPE CANAVERAL STATE: FL ZIP: 32920 BUSINESS PHONE: 321-613-5620 MAIL ADDRESS: STREET 1: 150 N. SYKES CREEK PKWY, STREET 2: SUITE 200 CITY: MERRITT ISLAND STATE: FL ZIP: 32953 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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Sykes Creek Parkway, Suite 200 Merritt Island, FL 32953 Re: Sidus Space, Inc. Registration Statement on Form S-1 Filed November 23, 2021 File No. 333-261288 Dear Ms. Craig: We have reviewed your registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Form S-1 filed November 23, 2021 Dilution, page 38 1. Please address the following as it relates to your dilution disclosures: Revise your net tangible book value and as adjusted net tangible book value to include operating lease right-of-use assets, net. Revise your net tangible book value per share and as adjusted per share information to include the effect of Class B common stock. Revise the dilution per share to new investors in this offering to reflect the above changes. Revise the table on page 39 to include the effect of Class B common in your existing stockholder disclosure. Carol Craig FirstName LastNameCarol Craig Sidus Space, Inc. Comapany2, December NameSidus 2021 Space, Inc. December Page 2 2, 2021 Page 2 FirstName LastName Consolidated Balance Sheets, page F-3 2. Please revise to ensure that the number of Class B common shares issued and outstanding, both here and in your interim financial statements, agrees to the 10.0 million shares as disclosed in your statement of stockholders' deficit. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. You may contact Megan Akst, Senior Staff Accountant, at (202) 551-3407 or Kathleen Collins, Accounting Branch Chief, at (202) 551-3499 if you have questions regarding comments on the financial statements and related matters. Please contact Kyle Wiley, Staff Attorney, at (202) 344-5791 or Mitchell Austin, Staff Attorney, at (202) 551-3574 with any other questions. Sincerely, Division of Corporation Finance Office of Technology cc: Jeff Fessler