Company: OCEA
Filing Date: 2025-04-08
Form Type: 10-K
Source: 0001641172-25-003155
Chunk: 3532

Company: Ocean Biomedical, Inc.
Filing Date: 2025-04-08
Form: 10-K
Item: Item 1A
Chunk 3532
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 reputation and credibility could be damaged. We could be required
to expend significant amounts of money and other resources to repair or replace information systems or networks. In addition, we could
be subject to regulatory actions and/or claims made by individuals and groups in private litigation involving privacy issues related
to data collection and use practices and other data privacy laws and regulations, including claims for misuse or inappropriate disclosure
of data, as well as unfair or deceptive practices. The development and maintenance of these systems, controls and processes is costly
and requires ongoing monitoring and updating as technologies change and efforts to overcome security measures become increasingly sophisticated.
Moreover, despite our efforts, the possibility of these events occurring cannot be eliminated entirely. As we outsource more of our information
systems to vendors, engage in more electronic transactions with payors and patients, and rely more on cloud-based information systems,
the related security risks will increase and we will need to expend additional resources to protect our technology and information systems.
In addition, there can be no assurance that our internal information technology systems or those of our third-party contractors, or our
consultants’ efforts to implement adequate security and control measures, will be sufficient to protect us against breakdowns,
service disruption, data deterioration or loss in the event of a system malfunction, or prevent data from being stolen or corrupted in
the event of a cyberattack, security breach, industrial espionage attacks or insider threat attacks which could result in financial,
legal, business or reputational harm.

We
or the third parties upon whom we depend may be adversely affected by earthquakes or other natural disasters, as well as occurrences
of civil unrest, and our business continuity and disaster recovery plans may not adequately protect us from a serious disaster, including
earthquakes, outbreak of disease or other natural disasters and civil unrest.

Our
operations may be adversely affected by fire, climate events, or other manmade or natural disasters or incidents, and our business continuity
and disaster recovery plans may not adequately protect us from a serious disaster or event. Such incidents or events may result in us
being unable to fully utilize our facilities, or the manufacturing facilities of our third-party contract manufacturers, or of our collaborators,
and thus may have a material and adverse effect on our ability to operate our business, particularly on a daily basis, and may have significant
negative consequences on our financial and operating conditions. Loss of access to these facilities may result in increased costs, delays
in the development of our product candidates or interruption of our business operations. Natural or manmade disasters could further