Public Company CEO and Director of More Than a Dozen Listed Companies Brings Financial Oversight, Issuer-Side Capital Markets, and Governance Experience

CAPE CANAVERAL, Fla., Oct. 12, 2026 /PRNewswire/ — Sidus Space, Inc. (NASDAQ: SIDU) (“Sidus” or the “Company”), a vertically integrated space and defense technology company, today announced the appointment of Larry G. Swets Jr., CFA, to its Board of Directors as an independent director, effective October 5, 2026. Mr. Swets will chair the Board’s Audit Committee, where his financial expertise will support oversight of the Company’s financial reporting, internal controls, and risk management.

“Larry has sat in the CEO’s seat through capital raises and transactions, and that is the perspective we want in the boardroom as we put the capital raised in the second quarter to work,” said Carol Craig, Founder, Chief Executive Officer and Chairman of Sidus Space. “We believe that his financial expertise and public company board experience strengthen the Board’s oversight at an important stage for the Company.”

Mr. Swets brings more than 25 years of experience in investment management, capital markets, and public company leadership. As chief executive officer of multiple listed companies, he has led capital raises, acquisitions, and business combinations from the issuer’s side. He has also served as chief executive officer, chairman, or director of more than a dozen publicly traded companies listed on the Nasdaq, the New York Stock Exchange, and the Toronto Stock Exchange.

“My focus as Audit Committee Chair is on clear, accurate financial reporting and strong internal controls, and on helping the Board hold capital deployment to a high standard of discipline and accountability,” said Mr. Swets. “Sidus has the capital and the in-house capabilities to execute its plan, and my role is to help make sure that execution is measured, reported, and governed well.”

Mr. Swets currently serves as Chief Executive Officer of FG Imperii Acquisition Corp. (NASDAQ: FGII), Interim CEO of Saltire Capital Ltd (TSX: SLT. U) and as Head of Merchant Banking at FG Nexus Inc. (NASDAQ: FGNX). He previously served as Chief Executive Officer of FG Financial Group from 2020 to 2024, Kingsway Financial Services Inc. from 2010 to 2018, and GreenFirst Forest Products from 2016 to 2021.

Mr. Swets began his career at Lumbermens Mutual Casualty Company (Kemper Insurance) as Director of Investments and Fixed Income Portfolio Manager. He holds a B.A. from Valparaiso University and an M.S. in Finance from DePaul University, is a Chartered Financial Analyst, and is a member of the Young Presidents’ Organization (YPO).

About Sidus Space

Sidus Space^®, Inc. (NASDAQ: SIDU) is a vertically integrated space and defense technology company delivering satellite manufacturing and technology integration across all orbits, including LEO, GEO and lunar; all domain digital mission computing solutions; mission planning and management operations; AI enabling products and services; and space and defense hardware manufacturing. With its mission of Space Access Reimagined^®, Sidus Space is committed to rapid innovation, adaptable solutions, and the optimization of space systems and data collection performance. With demonstrated space heritage, including designing, manufacturing and operating its own satellite and sensor system, LizzieSat^®, Sidus Space serves government, defense, intelligence, and commercial customers around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility with direct access to nearby launch facilities. For more information, visit: sidusspace.com

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s Annual Report on Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contacts:

Investor Relations
investor-relations@sidusspace.com

Media Inquiries
press@sidusspace.com

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SOURCE Sidus Space, Inc.