Sidus Space, Inc. (NASDAQ:SIDU) announced via press release on October 29, 2026, the appointment of Hassan R. Baqar to its Board of Directors, effective October 28, 2026, with an immediate role on the Board's Audit Committee.

Key Highlights

  • New director: Hassan R. Baqar was appointed to the Sidus Space Board of Directors, effective October 28, 2026.
  • Audit Committee seat: Baqar will serve on the Audit Committee alongside Audit Committee Chair Larry Swets, according to the announcement.
  • 25-plus years of experience: The filing states Baqar brings more than 25 years of experience in financial services, corporate development, mergers and acquisitions, merchant banking, and capital markets.
  • SPAC background: Baqar has served as chief financial officer or director of nine special purpose acquisition companies, including business combinations with OppFi, Hagerty, Limbach Holdings, Saltire Capital, Boxabl, and Greenland Energy, according to the filing.
  • Current roles: Baqar currently serves as Founder and Managing Member of Sequoia Financial LLC, CEO of B-SCADA Inc., CFO of FG Imperii Acquisition Corp. (NASDAQ:FGII), Director of Greenland Energy Company (NASDAQ:GLND), and Director of Capital Markets at Saltire Capital Ltd. (TSX: SLT).
  • Credentials: Baqar holds a CPA certification, an MBA from Northeastern Illinois University, and a B.A. in Accounting and Business Administration from Monmouth College.

Baqar's Appointment and Role at Sidus Space

Sidus Space disclosed that Hassan R. Baqar's appointment to its Board of Directors took effect on October 28, 2026. According to the filing, Baqar will specifically serve on the Audit Committee, where the company stated his public company CFO and accounting experience is intended to support "oversight of the Company's financial reporting and internal controls." Carol Craig, Founder, Chief Executive Officer, and Chairman of Sidus Space, was quoted in the announcement attributing value to Baqar's combination of issuer-side finance experience and his work alongside Audit Committee Chair Larry Swets.

The filing details Baqar's prior executive roles, including Chief Financial Officer of Saltire Capital from 2024 to 2025, Chief Financial Officer of FG Financial Group (now FG Communities Holdings Inc.) from 2021 to 2024, Chief Financial Officer of United Insurance Holdings Corp. from 2011 to 2012, and Vice President, Finance at Kingsway Financial Services Inc. from 2010 to 2019. The filing also notes that Baqar began his career at Lumbermens Mutual Casualty Company (Kemper Insurance).

In a statement included in the announcement, Baqar said: "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." The press release contains forward-looking statements, which Sidus Space noted are subject to risks and uncertainties described more fully in the company's Annual Report on Form 10-K for the year ended December 31, 2025, and other regulatory filings. The company specifically disclaimed any obligation to update forward-looking statements.

What Was Disclosed

Sidus Space announced the appointment of Hassan R. Baqar to its Board of Directors effective October 28, 2026. Baqar joins the Audit Committee and brings more than 25 years of public company finance, capital markets, and mergers and acquisitions experience, according to the filing.