Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1263

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1263
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 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 rates may require increases in staffing levels that may require
significant capital expenditure. Further, any inability to recruit, develop and retain qualified employees may result in high employee
turnover and may force us to pay significantly higher wages, which may harm our profitability. Additionally, we only carry key man insurance
for our Chief Executive Officer, and the loss of any key employee or our inability to recruit, develop and retain these individuals as
needed, could have a material adverse effect on our business, financial condition, and results of operations.

Any
acquisitions, partnerships, or joint ventures that we enter into could disrupt our operations and have a material adverse effect on our
business, financial condition and results of operations.

From
time to time, we may evaluate potential strategic acquisitions of businesses, including partnerships or joint ventures with third parties,
both domestic and international. We may not be successful in identifying acquisition, partnership, and joint venture candidates. In addition,
we may not be able to continue the operational success of such businesses or successfully finance or integrate any businesses that we
acquire or with which we form a partnership or joint venture. We may have potential write-offs of acquired assets and/or an impairment
of any goodwill recorded as a result of acquisitions. Furthermore, the integration of any acquisition may divert management’s time
and resources from our core business and disrupt our operations or may result in conflicts with our business. Any acquisition, partnership