Sidus Space Inc (NASDAQ:SIDU) is set to undergo a 1-for-100 reverse stock split effective December 19 to meet Nasdaq's $1 per share minimum bid price requirement. Post-split trading begins on December 20 under the symbol "SIDU."
The move, approved by stockholders, will position the company with approximately 778,679 shares of Class A common stock issued and outstanding.
Space, headquartered in Cape Canaveral, Florida, focuses on mission-critical hardware manufacturing, engineering, satellite design, and launch planning.