Sidus Space Welcomes Larry G. Swets Jr. as New Audit Committee Chair

On October 5, 2026, Sidus Space, Inc. (NASDAQ: SIDU), a leading player in the space and defense technology sector, announced the appointment of Larry G. Swets Jr., CFA, to its Board of Directors. This strategic decision comes at a crucial time as the company navigates its growing operational scope and capital management. Mr. Swets will also serve as the chair of the Audit Committee, leveraging his extensive financial background to enhance the company's oversight mechanisms.

Rationale Behind the Appointment

According to Carol Craig, the founder and CEO of Sidus Space, Larry's experience and insight will be invaluable in steering the company's financial strategy. Having held the CEO position in various publicly traded companies, Swets brings over 25 years of profound expertise in investment management and capital markets. This wealth of knowledge will be instrumental as Sidus Space aims to optimize its capital raised in recent quarters.

"We believe that his financial expertise and public company board experience strengthen the Board's oversight at an important stage for the Company," said Craig. The addition of Swets is expected to not only bolster the company's financial reporting but also enhance its risk management practices.

Larry G. Swets Jr.’s Profile

Mr. Swets has an impressive track record. He has successfully managed capital raises, mergers, and acquisitions from the issuer’s perspective across multiple firms, providing him with a nuanced understanding of the complexities involved in public company operations. With experience as CEO, chairman, or director of over a dozen listed entities on major exchanges, his insights are well-rounded and deeply informed.

Currently, Mr. Swets holds the position of Chief Executive Officer at FG Imperii Acquisition Corp., while also serving as Interim CEO of Saltire Capital Ltd and heading merchant banking at FG Nexus Inc. His past leadership roles include tenure at FG Financial Group and Kingsway Financial Services, emphasizing his comprehensive industry knowledge.

Commitment to Financial Integrity

"As Audit Committee Chair, my primary focus will be to ensure clear and accurate financial reporting in conjunction with maintaining robust internal controls," stated Swets. His commitment reflects Sidus's objective of holding capital deployment and management to rigorous standards of discipline and accountability. Swets recognizes that with the capital and internal capabilities at Sidus, executing their strategic plan effectively requires precise measurement and governance.

About Sidus Space

Headquartered on Florida's Space Coast, Sidus Space, Inc. is a vertically integrated space and defense technology company that offers diverse satellite manufacturing and mission integration across various orbits. Their mission, defined by the motto "Space Access Reimagined," aims to drive innovation and optimize performance in space systems and data collection capabilities.

Sidus Space has established itself as a trusted provider for government, intelligence, and commercial sectors, with notable products including LizzieSat®, a cutting-edge satellite system designed and operated by the company itself. This strategic appointment of Larry G. Swets Jr. signals a commitment to ongoing excellence in leadership and governance as the company continues its ambitious trajectory in the evolving landscape of space technology.

Looking Ahead

As the landscape of space technology grows increasingly competitive, the role of the Audit Committee and its leadership is more critical than ever for sustaining investor confidence and ensuring compliance with industry regulations. The addition of Mr. Swets not only enhances Sidus Space's governance but also aligns with their strategic vision for future growth. Stakeholders can look forward to more innovations and strategic developments facilitated by this strengthened leadership framework.