Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity

v3.22.1
Stockholders’ Equity
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Stockholders’ Equity

Note 13. Stockholders’ Equity

 

Authorized Capital Stock

 

On August 31, 2021, the Company filed an amendment to its Amended and Restated Certificate of Incorporation with the State of Delaware to authorize the Company to issue 36,000,000 shares, consisting of 25,000,000 shares of Class A Common Stock, 10,000,000 shares of Class B Common Stock and 1,000,000 shares of Preferred Stock. The Class B Common Stock is entitled to 10 votes for every 1 vote of the Class A Common Stock.

 

Class A Common Stock

 

The Company had 6,874,040 and 6,574,040 shares of Class A common stock issued and outstanding as of March 31, 2022 and December 31, 2021, respectively.

 

During the three months ended March 31, 2022, the Company issued 300,000 restricted shares for consulting services valued at $1,209,000, pursuant to the Sidus Space, Inc. 2021 Omnibus Equity Incentive Plan.

 

Class B Common Stock

 

The Company had 10,000,000 shares of Class B common stock issued and outstanding as of March 31, 2022 and December 31, 2021.