Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing.
On March 14, 2023, Sidus Space, Inc. (the "Company") received written notice
(the "Notice") from the Nasdaq Stock Market, LLC ("Nasdaq") indicating that the
bid price for the Company's common stock (the "Common Stock"), for the last 30
consecutive business days, had closed below the minimum $1.00 per share and, as
a result, the Company is not in compliance with the $1.00 minimum bid price
requirement for the continued listing on the Nasdaq Capital Market, as set forth
in Nasdaq Listing Rule 5550(a)(2). The Notice has no effect at this time of the
Common Stock, which continues to trade on the Nasdaq Capital Market under the
symbol "ARDS".
In accordance with the Nasdaq Listing Rule 5810(c)(3)(A), the Company has a
period of 180 calendar days, or until September 11, 2023, to regain compliance
with the minimum bid price requirement. To regain compliance, the closing bid
price of the Common Stock must meet or exceed $1.00 per share for a minimum of
ten consecutive business days during this 180 day period.
If the Company is not in compliance by September 11, 2023, the Company may
qualify for a second 180 calendar day compliance period. If the Company does not
qualify for, or fails to regain compliance during the second compliance period,
then the Nasdaq will notify the Company of its determination to delist its
Common Stock, at which point the Company would have an option to appeal the
delisting determination to a Nasdaq hearings panel.
The Company intends to actively monitor the closing bid price of its Common
Stock and may, if appropriate, consider implementing available options to regain
compliance with the minimum bid price under the Nasdaq Listing Rules.
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SIDUS SPACE, INC. 
