Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1113

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1113
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 regulations at the foreign, federal, state, and local levels frequently change, especially in relation to new and emerging industries,
and we cannot always reasonably predict the impact from, or the ultimate cost of compliance with, current or future regulatory or administrative
changes. We monitor these developments and devote a significant amount of management’s time and external resources towards compliance
with these laws, regulations and guidelines, and such compliance places a significant burden on management’s time and other resources,
and it may limit our ability to expand into certain jurisdictions. Moreover, changes in law, the imposition of new or additional regulations
or the enactment of any new or more stringent legislation that impacts our business could require us to change the way we operate and
could have a material adverse effect on our sales, profitability, cash flows and financial condition.

Failure
to comply with these laws, such as with respect to obtaining and maintaining licenses, certificates, authorizations and permits critical
for the operation of our business, may result in civil penalties or private lawsuits, or the suspension or revocation of licenses, certificates,
authorizations or permits, which would prevent us from operating our business. For example, deploying space assets such as satellites
in the United States require licenses and permits from certain agencies of the Department of Transportation, including the Federal Aviation
Administration, or FAA, and review by other agencies of the U.S. Government, including the National Oceanic and Atmospheric Administration,
or “NOAA”, the Department of Defense, Department of State, NASA, Federal Communications Commission, or the “FCC”
and the International Telecommunications Union, or the “ITU”. License approval includes an interagency review of safety,
operational, national security, and foreign policy and international obligations implications, as well as a review of foreign ownership.
Delays in licensing and approvals allowing us to deploy our commercial satellites could adversely affect our ability to operate our business
and our financial results.

Moreover,
regulation of our industry is still evolving, and new or different laws or regulations could affect our operations, increase direct compliance
costs for us or cause any third-party suppliers or contractors to raise the prices they charge us because of increased compliance costs.
Application of these laws to our business may negatively impact our performance in various ways, limiting the collaborations we may pursue,
further regulating the export and re-export of our products, services, and technology from the United States and abroad, and increasing
our costs and the time necessary to obtain required authorization. The adoption of a multi-layered regulatory approach to any one of