Everspin Technologies Inc

Item 1A. Risk Factors

In addition to information set forth in this report, you should carefully consider the factors discussed in Part I, Item 1A. Risk Factors of our annual report on Form 10-K for our fiscal year ended December 31, 2024 which set forth information relating to important risks and uncertainties that could materially adversely affect our business, financial condition or operating results. You should review and consider such and in Part II, Item 1A. Risk Factors in making any investment decision with respect to oof our securities.

International trade policies, including tariffs, sanctions and trade barriers may adversequarterly affect our business, financial condition, results of operations and prospects.

The recent announcements of substantial new tariffs and other restrictive trade policies have created a dynamic and unpredictable trade landscape, which may adversely impact our business.

Currereport on Form 10-Q for the fiscal year ent or future tariffs or other restrictive trade measures may raise the costs of raw materials, components or finished goodsded March 31, 2025, which may adversely impact both our product offerings and our operational expenses. Such cost increases may reduce our margins and require us to increase prices, which could harm our competitive position, reduce customer demand and damage customer relationships.

Trade disputes, trade restrictions, tariffs and other political tensions between the U.S. set forth information relating to important risks and other countries may also exauncerbate unfavorable macroeconomic conditions including inflationary pressures, foreign exchange volatility, financialtainties that could market instability, and economic recessions or downturns, which may also negativeterially impact customer demand for our products or services, delay purchases or renewals, limit expansion opportunities with customers, limit adversely affect our access to capital, or otherwise negatively impact our business and operations. Ongoing tariff, trade restrictions and macroeconomic uncertainty has and may , financial continue to contribute to volatility in the price of our common stock.

Ongoing uncertainty regarddition or operating trade policies may also complicate our short- and long-term strategic planning, and that of our partners and customers, including decisions regarding hiring, product strategy, capital investment, supply chain designresults. You should review and geographic expaconsion.

While we continue to monitor trade developments, the ultimate impact of these rder such Risks remains uncertain and any prolonged economic downturn, escalation Factors in trade tensions, or deteriorationmaking any in international perception of U.S.-based companies could materially and adversely affect our business, results of operations, financial condition and prospects. In addition, tariffs and other trade developments have and may continuevestment decision with respect to heighten the risks related to the other risk factors described in our Annual Report on Form 10-K for our fiscal year ended December 31, 2024our securities.