Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1118

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1118
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 the event that our or any third-party provider’s systems or service abilities are hindered by any of the events
discussed above, our ability to operate may be impaired. A decision to close the facilities without adequate notice, or other unanticipated
problems, could adversely impact our operations. Any of the aforementioned risks may be augmented if our or any third-party provider’s
business continuity and disaster recovery plans prove to be inadequate. The facilities also could be subject to break-ins, computer viruses,
sabotage, intentional acts of vandalism and other misconduct. Any security breach, including personal data breaches, or incident, including
cybersecurity incidents, that we experience could result in unauthorized access to, misuse of or unauthorized acquisition of our or our
customers’ data, the loss, corruption or alteration of this data, interruptions in our operations or damage to our computer hardware
or systems or those of our customers. Moreover, negative publicity arising from these types of disruptions could damage our reputation.
We may not carry sufficient business interruption insurance to compensate us for losses that may occur as a result of any events that
cause interruptions in our service. Significant unavailability of our services due to attacks could cause users to cease using our services
and materially and adversely affect our business, prospects, financial condition, and results of operations.

We
are highly dependent on our senior management team and other highly skilled personnel, and if we are not successful in attracting or
retaining highly qualified personnel, we may not be able to successfully implement our business strategy.

Our
success depends, in significant part, on the continued services of our senior management team and on our ability to attract, motivate,
develop, and retain a sufficient number of other highly skilled personnel, including engineers, manufacturing and quality assurance,
design, finance, marketing, sales and support personnel. Our senior management team has extensive experience in the aerospace industry,
and we believe that their depth of experience is instrumental to our continued success. The loss of any one or more members of our senior
management team, for any reason, including resignation or retirement, could impair our ability to execute our business strategy and have
a material adverse effect on our business, financial condition, and results of operations.

Competition
for qualified highly skilled personnel can be strong, and we can provide no assurance that we will be successful in attracting or retaining
such personnel now or in the future. We have not yet started production level satellite manufacturing, launch and data operations, and
our estimates of the required team size to support our estimated flight