Sidus Space Welcomes Hassan R. Baqar as New Board Member

Sidus Space Welcomes a New Addition to Its Board

In a significant move aimed at strengthening its financial governance, Sidus Space, Inc., a prominent player in the space and defense technology sector, has announced the appointment of Hassan R. Baqar to its Board of Directors effective October 28, 2026. This strategic appointment is expected to enhance the company's financial oversight as it embarks on its growth journey.

Hassan R. Baqar brings with him over 25 years of extensive experience in financial reporting, capital markets, and M&A, having served in various senior financial roles across public and private companies in the United States, Canada, and the Cayman Islands. His track record includes leadership positions as Chief Financial Officer and director, equipping him with the insights needed to navigate the complexities of public company financial management.

The founder and CEO of Sidus, Carol Craig, expressed confidence in Baqar's ability to strengthen the board's financial oversight, stating, "Hassan has spent his career on the issuer's side of public company finance, both as a CFO responsible for reporting and as a director overseeing it. We believe his experience, together with Larry Swets' leadership as Audit Committee Chair, gives the Board strong financial oversight as the Company grows."

Baqar will not only be joining the Board but will also play a vital role on the Audit Committee, which is tasked with ensuring that the financial reports from the Company are reliable and that the underlying controls evolve along with the business expansion. "The Audit Committee's job is to make sure investors can rely on what the Company reports, and that the controls behind those numbers keep pace as the business grows," mentioned Baqar, highlighting the importance of rigorous financial oversight in a rapidly growing company.

As the Founder and Managing Member of Sequoia Financial LLC and a notable CFO in several firms including FG Imperii Acquisition Corp and B-SCADA Inc., Baqar has demonstrated his adeptness in navigating complex financial landscapes. With experience in capital raises, mergers and acquisitions, and directing various special purpose acquisition companies (SPACs), he has a well-rounded skill set that will be invaluable to Sidus Space as it seeks to expand its footprint in the aerospace and defense sectors.

Baqar's professional journey began at Lumbermens Mutual Casualty Company (Kemper Insurance), and he holds a Certified Public Accountant certification. Additionally, he earned his MBA from Northeastern Illinois University and holds a B.A. in Accounting and Business Administration from Monmouth College.

About Sidus Space

Sidus Space, Inc. is a vertically integrated company specializing in space and defense technology. With a commitment to innovation, adaptability, and efficient systems, the company is focused on providing satellite manufacturing and technology solutions across various orbits, including Low Earth Orbit (LEO), Geostationary Orbit (GEO), and lunar missions. The firm is strategically located in Florida's Space Coast and operates a state-of-the-art facility encompassing 35,000 square feet, equipped for manufacturing, assembly, integration, and testing of space technology.

The recent appointment of Hassan R. Baqar marks a pivotal point for Sidus Space as it aims to enhance financial oversight and prepare for exciting future developments within the aerospace and defense technology arenas. As the company's mission states, it is dedicated to reimagining space access, striving towards efficient and effective technological solutions while serving government, defense, intelligence, and commercial clients worldwide.

In conclusion, the addition of experienced professionals like Baqar is a testament to Sidus Space's commitment to maintaining rigorous standards of accountability and financial integrity, ensuring a solid foundation for sustainable growth amidst the dynamic landscape of the aerospace and defense sectors.