SIDU is trading 7.6% down today at $2.71 as selling pressure intensifies following shareholder approval of a significant expansion to the company’s equity incentive plan.
- The expansion, approved on June 22, 2026, has sparked fresh concerns regarding potential shareholder dilution.
- Sentiment remains weighed down by a previously announced $100 million registered direct offering of Class A common stock.
- The stock continues to face a negative trend as investors react to the cumulative impact of these capital-raising and incentive measures.