SCHEDULE 13G/A: Empery Asset Management Discloses 1.31% Stake in Sidus Space Inc.
Beneficial Ownership Report
Empery Asset Management, LP, along with its managing members, has filed an amended Schedule 13G disclosing a beneficial ownership of 1.31% in Sidus Space Inc., including shares issuable from warrants.
Summary
- Empery Asset Management, LP, Ryan M. Lane, and Martin D. Hoe (collectively, "Reporting Persons") have filed an amended Schedule 13G regarding their beneficial ownership in Sidus Space Inc.
- The Reporting Persons collectively beneficially own 241,546 shares of Sidus Space Inc. Common Stock.
- This ownership represents 1.31% of the company's outstanding Common Stock.
- The reported shares include 241,546 shares of Common Stock issuable upon the exercise of Warrants.
- The percentage is calculated based on 18,204,483 shares of Common Stock outstanding as of March 31, 2025, as reported in Sidus Space Inc.'s Annual Report on Form 10-K.
- The shares are held with shared voting and shared dispositive power.
- The acquisition and holding of these securities are stated to be in the ordinary course of business and not for the purpose of changing or influencing control of Sidus Space Inc.
Sentiment
Score: 6
Explanation: The filing is a routine disclosure of beneficial ownership by an institutional investor. While it doesn't provide operational details, the presence of an institutional investor can be seen as a neutral to slightly positive signal of interest in the company.
Positives
- A notable investment firm, Empery Asset Management, holds a stake, potentially indicating confidence in Sidus Space Inc.
Negatives
- The filing itself does not contain negative information about Sidus Space Inc.'s operations or financial health.
Risks
- The document does not explicitly mention risks related to Sidus Space Inc.'s operations or financial performance. It only states the nature of the ownership.
Future Outlook
The document is a beneficial ownership report and does not contain forward-looking statements or guidance regarding Sidus Space Inc.'s future outlook.
Industry Context
This filing indicates an institutional investment in Sidus Space Inc., a company operating in the space industry. While the filing itself doesn't provide industry analysis, the investment by Empery Asset Management could be seen in the context of broader investor interest in the aerospace and defense or commercial space sectors.
Stakeholder Impact
- Shareholders: The disclosure of an institutional investor's stake provides transparency regarding the ownership structure. The inclusion of shares from warrants could imply potential dilution if exercised, but this is a standard feature of warrants.
Next Steps
- The document does not outline any specific future actions, events, or milestones for Sidus Space Inc. or the reporting persons beyond the ongoing ownership.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement; also the date for outstanding shares calculation from the Company's 10-K. |
| 04/24/2025 | Date of signing of the Schedule 13G/A filing. |
Keywords
Sidus Space Inc., Empery Asset Management, Schedule 13G, Beneficial Ownership, Common Stock, Warrants, SEC Filing, Institutional Investor, Space Industry
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