Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1260

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1260
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 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 specified
triggering rights in connection with its investment. We are a TID U.S. Business because we develop and design technologies that would
be considered critical technologies. Certain foreign investments in TID U.S. Businesses are subject to mandatory filing with CFIUS. These
restrictions on the ability of foreign persons to invest in us could limit our ability to engage in strategic transactions that could
benefit our stockholders, including a change of control, and could also affect the price that an investor may be willing to pay for our
common stock.

Failure
to comply with federal, state, and foreign laws and regulations relating to privacy, data protection and consumer protection, or the
expansion of current or the enactment of new laws or regulations relating to privacy, data protection and consumer protection, could
adversely affect our business and our financial condition.

We
collect, store, process, and use personal information and other customer data, and we rely in part on third parties that are not directly
under our control to manage certain of these operations and to collect, store, process and use payment information. Due to the volume
and sensitivity of the personal information and data we and these third parties manage and expect to manage in the future, as well as
the nature of our customer base, the security features of our information systems are critical. A variety of federal, state, and foreign
laws and regulations