Sidus Space Regains Compliance with Nasdaq Minimum Bid Requirements
10 Janvier 2024 - 2:30PM
Business Wire
Sidus Space (NASDAQ: SIDU) (the “Company” or “Sidus”), a
multi-faceted Space and Data-as-a-Service company, today announced
that on January 8, 2024, the Company received a notification letter
(the “Notification Letter”) from the Listing Qualifications
Department of The Nasdaq Capital Market notifying the Company that
it had regained compliance with the minimum bid price requirement
set forth under Nasdaq Listing Rule 5550(a)(2) (the “Nasdaq Minimum
Bid Price Requirement”).
The Notification Letter confirmed that the Company evidenced a
closing bid price at or greater than the $1.00 per ordinary share
minimum requirement for 10 consecutive business days and that the
Company has regained compliance with the Nasdaq Minimum Bid Price
Requirement. Pursuant to Listing Rule 5815(d)(4)(B), the Company
will be subject to a Mandatory Panel Monitor for a period of one
year until January 8, 2025. As a result, the listing matter has
been closed.
About Sidus Space
Sidus 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.
Sidus Space has a mission of Bringing Space Down to Earth™ 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’s
rapidly scalable, low-cost satellite services, space-based
solutions, and testing alternatives. More than just a
“Satellite-as-a-Service” provider, Sidus Space is a trusted Mission
Partner–from concept to Low Earth Orbit and beyond. Sidus Space is
ISO 9001:2015, AS9100 Rev. D certified, and ITAR registered.
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version on businesswire.com: https://www.businesswire.com/news/home/20240110623392/en/
Investor Relations Valter Pinto KCSA Strategic
Communications sidus@kcsa.com (212) 896-1254 Media Pam Davis
Sidus Space mediateam@sidusspace.com
Sidus Space (NASDAQ:SIDU)
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