Company: ASC
Filing Date: 2025-03-07
Form Type: 20-F
Source: 0001558370-25-002500
Chunk: 5

Company: Ardmore Shipping Corp
Filing Date: 2025-03-07
Form: 20-F
Item: Item 3
Chunk 5
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 in a denial of access to, or detention in, certain ports.  
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  Failure to comply with data privacy laws or misconduct by employees could harm customer relationships and expose us to claims and fines.  

  Our cash and cash equivalents are exposed to credit risk, which may be adversely affected by, among other things, failures of financial institutions.  
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  Our operations may be subject to economic substance requirements in the Marshall Islands and other offshore jurisdictions, which could impact our business.  
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  Because we are incorporated in the Marshall Islands, shareholders may have fewer rights and protections under Marshall Islands law than under a typical jurisdiction in the United States.  
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  It may be difficult to serve process on or enforce a U. S. judgment against us, our officers and our directors.  
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  The amount of our quarterly dividend will vary from period to period, and we may not be able to pay dividends.  
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  Anti-takeover provisions in our articles of incorporation and bylaws documents could adversely affect the market price of our common shares.  

  We may be required to redeem our outstanding shares of Series A Preferred Stock or to pay dividends on such shares at an increased rate.  
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  U. S. tax authorities could treat us as a “passive foreign investment company”, which could have adverse U. S. federal income tax consequences to U. S. holders.  

  We may have to pay tax on U. S. source shipping income, which would reduce our earnings.  
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  Changes in tax laws and unanticipated tax liabilities could materially and adversely affect the taxes we pay, results of operations and financial results.  

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  Our business depends upon key members of our senior management