Sidus Space Inc. reported a material weakness in internal control
Internal control reported effective→Material weakness in internal control
Management conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Due to the identified areas to be remediated below, management concluded that our internal control over financial reporting was not effective as of December 31, 2025. Remediation Management is undertaking multiple corrective actions to address ineffective…
Evidence
Current state
material_weakness
Current state label
Material weakness in internal control
Direction
newly reported
Prior filed
2025-03-31
Prior form
10-K
Prior state
effective
Prior state label
Internal control reported effective
Remediation stated
No
Severity
high
Source
Item 9A internal control conclusion, compared with the prior filing
Why
The company's conclusion on internal control over financial reporting changed: a material weakness was newly reported, or a previously reported one no longer appears.
Sidus Space Inc. filed its annual report late and said it expects a significant change in results
expects significant change in results1 day past the statutory due date.
(“Sidus”) was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”) with the Securities and Exchange Commission (“SEC”) within the prescribed time period. Sidus plans to file the 2025 Form 10-K as soon as practicable.
Evidence
Anticipates significant change
Yes
Days past due date
1
Other periodic reports filed
Yes
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
(“Sidus”) was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the year ended December 31, 2025 (the “2025 Form 10-K”) with the Securities and Exchange Commission (“SEC”) within the prescribed time period. Sidus plans to file the 2025 Form 10-K as soon as practicable.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.