Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1259

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 1259
---
 laws and regulations or U.S.
government licensing policies, our failure to secure timely U.S. government authorizations under these laws and regulations, or our failure
to comply with these laws and regulations could have a material adverse effect on our business, financial condition, and results of operation.

Our
business is subject to stringent U.S. import and export control laws and regulations as well as economic sanctions laws and regulations.
We are required to import and export our products, software, technology, and services, as well as run our operations in the United States,
in full compliance with such laws and regulations, which include the EAR, the ITAR, and economic sanctions administered by the Treasury
Department’s OFAC. Similar laws that impact our business exist in other jurisdictions. These foreign trade controls prohibit, restrict,
or regulate our ability to, directly or indirectly, export, deemed export, re-export, deemed re-export or transfer certain hardware,
technical data, technology, software, or services to certain countries and territories, entities, and individuals, and for end uses.
If we are found to be in violation of these laws and regulations, 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