Sidus Space announced the results of its 2026 Annual Meeting of Stockholders, where shareholders approved a significant increase in the number of shares available under its equity incentive plan but rejected a proposal for automatic annual increases to the plan's share reserve.
Key Details
- Equity Plan Approved: Shareholders approved an amendment to the 2021 Omnibus Equity Incentive Plan, increasing the total shares reserved for awards by 4,000,000, from 800,000 to 4,800,000.
- Evergreen Provision Rejected: A separate proposal to add an "evergreen" provision, which would have automatically increased the share reserve annually by up to 5% of outstanding shares, was not approved by stockholders.
- Other Items: All six director nominees were elected to the board, and the appointment of Fruci & Associates, PLLC as the company's independent registered public accounting firm for fiscal year 2026 was ratified.