Company: SIDU
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001742
Chunk: 1112

Company: Sidus Space Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 1112
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 business, financial
condition, and results of operations would be materially harmed.

If
we commercialize outside the United States, we will be exposed to a variety of risks associated with international operations that could
materially and adversely affect our business.

As
part of our growth, we aim to establish offices and partnerships outside of the United States. We plan to continue to build our pipeline
of global customers to include joint ventures and strategic partnerships. As we expand internationally, we expect that we would be subject
to additional risks related to entering into international business relationships, including:

    ●
    restructuring
    our operations to comply with local regulatory regimes; 

    ●
    identifying,
    hiring and training highly skilled personnel; 

    ●
    unexpected
    changes in tariffs, trade barriers and regulatory requirements, including through the International Traffic in Arms Regulations,
    or ITAR, Export Administration Regulations, or EAR, and Office of Foreign Assets Control, or OFAC; 

    ●
    economic
    weakness, including inflation, or political instability in foreign economies and markets; 

    ●
    compliance
    with tax, employment, immigration, and labor laws for employees living or traveling abroad; 

    ●
    foreign
    taxes, including withholding of payroll taxes; 

    ●
    the
    need for U.S. government approval to operate our spaceflight systems outside the United States; 

    ●
    foreign
    currency fluctuations, which could result in increased operating expenses and reduced revenue; 

    ●
    government
    appropriation of assets; 

    ●
    workforce
    uncertainty in countries where labor unrest is more common than in the United States; and 

    ●
    disadvantages
    of competing against companies from countries that are not subject to U.S. laws and regulations, including the U.S. Foreign Corrupt
    Practices Act, or FCPA, OFAC regulations and U.S. anti-money laundering regulations, as well as exposure of our foreign operations
    to liability under these regulatory regimes. 

26

Our
business is subject to a wide variety of extensive and evolving government laws and regulations. Failure to comply with such laws and
regulations could have a material adverse effect on our business.

We
are subject to a wide variety of laws and regulations relating to various aspects of our business, including with respect to our satellite
system operations, employment and labor, health care, tax, privacy and data security, health and safety, and environmental issues. Laws
and