Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1115

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1115
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 it could result in civil and criminal, monetary and non-monetary penalties,
the loss of export or import privileges, debarment, and reputational harm.

27

Pursuant
to these foreign trade control laws and regulations, we are required, among other things, to (i) maintain a registration under the ITAR,
(ii) determine the proper licensing jurisdiction and export classification of products, software, and technology, and (iii) obtain licenses
or other forms of U.S. government authorization to engage in the conduct of our spaceflight business. The authorization requirements
include the need to get permission to release controlled technology to foreign person employees and other foreign persons. Changes in
U.S. foreign trade control laws and regulations, or reclassifications of our products or technologies, may restrict our operations. The
inability to secure and maintain necessary licenses and other authorizations could negatively impact our ability to compete successfully
or to operate our spaceflight business as planned. Any changes in the export control regulations or U.S. government licensing policy,
such as those necessary to implement U.S. government commitments to multilateral control regimes, may restrict our operations. Given
the great discretion the government has in issuing or denying such authorizations to advance U.S. national security and foreign policy
interests, there can be no assurance we will be successful in our future efforts to secure and maintain necessary licenses, registrations,
or other U.S. government regulatory approvals.

Under
the “Exon-Florio Amendment” to the U.S. Defense Production Act of 1950, as amended (the “DPA”), the U.S. President
has the power to disrupt or block certain foreign investments in U.S. businesses if he determines that such a transaction threatens U.S.
national security. The Committee on Foreign Investment in the United States (“CFIUS”) has been delegated the authority to
conduct national security reviews of certain foreign investments. CFIUS may impose mitigation conditions to grant clearance of a transaction.

The
Foreign Investment Risk Review Modernization Act (“FIRRMA”), enacted in 2018, amended the DPA to, among other things, expand
CFIUS’s jurisdiction beyond acquisitions of control of U.S. businesses. Under FIRRMA, CFIUS also has jurisdiction over certain
foreign non-controlling investments in U.S. businesses that are involved with critical technology or critical infrastructure, or that
collect and maintain sensitive personal data of U.S. citizens (“TID U.S. Businesses”), if the foreign investor receives