SCHEDULE 13G: Empery Asset Management Discloses 5.62% Stake in Sidus Space Inc.

Empery Asset Management, LP, along with Ryan M. Lane and Martin D. Hoe, has filed a Schedule 13G disclosing a 5.62% beneficial ownership stake in Sidus Space Inc. as of December 31, 2024.

Summary

• Empery Asset Management, LP, Ryan M. Lane, and Martin D. Hoe (collectively referred to as 'Reporting Persons') have filed a Schedule 13G with the SEC.
• The Reporting Persons collectively beneficially own 483,092 shares of Sidus Space Inc.'s Common Stock.
• This ownership represents 5.62% of the company's total outstanding Common Stock.
• The beneficial ownership is characterized by shared voting power and shared dispositive power over all 483,092 shares, with no sole voting or dispositive power.
• The percentage of class is calculated based on an aggregate of 8,601,344 shares of Common Stock outstanding as of November 13, 2024, which includes 4,081,344 shares reported outstanding as of November 12, 2024, and 4,520,000 shares offered by the company.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Sidus Space Inc.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing disclosing beneficial ownership. While not directly indicative of financial performance, the disclosure of a new significant institutional investor can be perceived as a moderately positive signal of confidence in the company's prospects, hence a slightly positive score.

Positives

• A significant institutional investor, Empery Asset Management, LP, has taken a 5.62% stake in Sidus Space Inc., potentially signaling confidence in the company's future prospects and valuation.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding Sidus Space Inc.'s future performance or strategic outlook.

Industry Context

Sidus Space Inc. operates in the burgeoning space industry, focusing on satellite technology and space infrastructure. The investment by Empery Asset Management could reflect a broader trend of institutional interest in the space sector, indicating potential growth opportunities or perceived value within this specialized market.

Stakeholder Impact

• Shareholders: The disclosure of a new significant institutional investor may increase investor confidence and potentially influence the stock price positively due to perceived validation of the company's value.

Key Dates

Keywords

Sidus Space Inc., Common Stock, Schedule 13G, Beneficial Ownership, Empery Asset Management, Ryan M. Lane, Martin D. Hoe, Investment Management, Space Industry