{"id":783801,"date":"2023-09-13T11:54:23","date_gmt":"2023-09-13T15:54:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sidus-space-announces-180-day-extension-to-regain-compliance-with-nasdaq-minimum-bid-price-requirement\/"},"modified":"2023-09-13T11:54:23","modified_gmt":"2023-09-13T15:54:23","slug":"sidus-space-announces-180-day-extension-to-regain-compliance-with-nasdaq-minimum-bid-price-requirement","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sidus-space-announces-180-day-extension-to-regain-compliance-with-nasdaq-minimum-bid-price-requirement\/","title":{"rendered":"Sidus Space Announces 180-Day Extension to Regain Compliance with NASDAQ Minimum Bid Price Requirement"},"content":{"rendered":"

<\/p>\n

Sidus Space Announces 180-Day Extension to Regain Compliance with NASDAQ Minimum Bid Price Requirement<\/b><\/p>\n

CAPE CANAVERAL, Fla.–(BUSINESS WIRE<\/a>)–
\nSidus Space (NASDAQ: SIDU) (the \u201cCompany\u201d or \u201cSidus\u201d), a multi-faceted Space and Data-as-a-Service company, today announces that it has been granted an additional 180 calendar days, or until March 11, 2024, (the “Second Compliance Period”) to regain compliance with The Nasdaq Stock Market LLC (“NASDAQ”).<\/p>\n

\nOn September 12, 2023, Sidus received a notification letter (the “Notification Letter”) from the Listings Qualifications Department of NASDAQ. The Notification Letter states that, while Sidus has not regained compliance with the Minimum Bid Price Requirement, NASDAQ has determined that the Company is eligible for a Second Compliance Period.<\/p>\n

\nIf at any time during the Second Compliance Period, the closing bid price of Sidus\u2019s Class A common stock is at least $1 per share for a minimum of 10 consecutive business days, NASDAQ will provide Sidus with written confirmation of compliance. If compliance with the Minimum Bid Price Requirement cannot be demonstrated by March 11, 2024, NASDAQ will provide written notification that the Company’s Class A common stock will be delisted. At that time, the Company may appeal NASDAQ’s determination to a Hearings Panel.<\/p>\n

\nThe Company intends to actively monitor the closing bid price of its Class A common stock and may, if appropriate, consider implementing available options to regain compliance with the minimum bid price under the Nasdaq Listing Rules.<\/p>\n

About Sidus Space<\/b><\/p>\n

\nSidus Space (NASDAQ: SIDU) is a Space and Data-as-a-Service satellite company focused on mission-critical hardware manufacturing; multi-disciplinary engineering services; satellite design, production, launch planning, mission operations; and in-orbit support. The Company is located in Cape Canaveral, Florida, where it operates from a 35,000-square-foot manufacturing, assembly, integration, and testing facility focused on vertically integrated Space-as-a-Service solutions including end-to-end satellite support.<\/p>\n

\nSidus Space has a mission of Bringing Space Down to Earth\u2122 and a vision of enabling space flight heritage status for new technologies while delivering data and predictive analytics to domestic and global customers. Any corporation, industry, or vertical can start their journey off-planet with Sidus Space\u2019s rapidly scalable, low-cost satellite services, space-based solutions, and testing alternatives. More than just a \u201cSatellite-as-a-Service\u201d provider, Sidus Space is a trusted Mission Partner\u2013from concept to Low Earth Orbit and beyond. Sidus Space is ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nStatements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute \u2018forward-looking statements\u2019 within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words \u2018anticipate,\u2019 \u2018believe,\u2019 \u2018continue,\u2019 \u2018could,\u2019 \u2018estimate,\u2019 \u2018expect,\u2019 \u2018intend,\u2019 \u2018may,\u2019 \u2018plan,\u2019 \u2018potential,\u2019 \u2018predict,\u2019 \u2018project,\u2019 \u2018should,\u2019 \u2018target,\u2019 \u2018will,\u2019 \u2018would\u2019 and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled \u2018Risk Factors\u2019 in Sidus Space\u2019s Annual Report on Form 10-K for the year ended December 31, 2022, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230913148361\/en\/<\/a><\/span><\/p>\n

Investor Relations
\n<\/b>
Valter Pinto or Jack Perkins
\n
KCSA Strategic Communications
\n
sidus@kcsa.com
\n<\/a>
(212) 896-1254<\/p>\n

Media
\n
<\/b>Pam Davis
\n
Sidus Space
\n
mediateam@sidusspace.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America Florida<\/p>\n

INDUSTRY KEYWORDS:<\/b> Technology Engineering Aerospace Manufacturing Professional Services Defense Other Technology Other Defense Software Data Analytics Hardware Data Management Government Technology Satellite<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Sidus Space Announces 180-Day Extension to Regain Compliance with NASDAQ Minimum Bid Price Requirement CAPE CANAVERAL, Fla.–(BUSINESS WIRE)– Sidus Space (NASDAQ: SIDU) (the \u201cCompany\u201d or \u201cSidus\u201d), a multi-faceted Space and Data-as-a-Service company, today announces that it has been granted an additional 180 calendar days, or until March 11, 2024, (the “Second Compliance Period”) to regain compliance with The Nasdaq Stock Market LLC (“NASDAQ”). On September 12, 2023, Sidus received a notification letter (the “Notification Letter”) from the Listings Qualifications Department of NASDAQ. The Notification Letter states that, while Sidus has not regained compliance with the Minimum Bid Price Requirement, NASDAQ has determined that the Company is eligible for a Second Compliance Period. If at any time during the Second Compliance … <\/p>\n

Continue reading “Sidus Space Announces 180-Day Extension to Regain Compliance with NASDAQ Minimum Bid Price Requirement”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-783801","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSidus Space Announces 180-Day Extension to Regain Compliance with NASDAQ Minimum Bid Price Requirement - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sidus-space-announces-180-day-extension-to-regain-compliance-with-nasdaq-minimum-bid-price-requirement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sidus Space Announces 180-Day Extension to Regain Compliance with NASDAQ Minimum Bid Price Requirement - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sidus Space Announces 180-Day Extension to Regain Compliance with NASDAQ Minimum Bid Price Requirement CAPE CANAVERAL, Fla.–(BUSINESS WIRE)– Sidus Space (NASDAQ: SIDU) (the \u201cCompany\u201d or \u201cSidus\u201d), a multi-faceted Space and Data-as-a-Service company, today announces that it has been granted an additional 180 calendar days, or until March 11, 2024, (the “Second Compliance Period”) to regain compliance with The Nasdaq Stock Market LLC (“NASDAQ”). 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