Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1116

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1116
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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 govern the collection, use, retention, sharing and security of this information. Laws and regulations relating to
privacy, data protection and consumer protection are evolving and subject to potentially differing interpretations. These requirements
may not be harmonized, may be interpreted, and applied in a manner that is inconsistent from one jurisdiction to another or may conflict
with other rules or our practices. As a result, our practices may not have complied or may not comply in the future with all such laws,
regulations, requirements, and obligations.

We
expect that new industry standards, laws and regulations will continue to be proposed regarding privacy, data protection and information
security in many jurisdictions. We cannot yet determine the impact such future laws, regulations and standards may have on our business.
Complying with these evolving obligations is costly.

As
we expand our international presence, we may also become subject to additional privacy rules, many of which, such as the General Data
Protection Regulation promulgated by the European Union (the “GDPR”) and national laws supplementing the GDPR, such as in
the United Kingdom, are significantly more stringent than