Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • The company had a net loss of $17.4 million in 2023, compared to $8.0 million in 2022.
  • Accumulated deficit increased from $206 million to $223 million from 2022 to 2023.
  • The company may issue up to $50 million worth of shares under the Equity Distribution Agreement.
  • The company completed a public offering, raising $4.3 million in net proceeds in 2023.
  • The company entered into a Purchase Agreement with XOMA, receiving $9.6 million in 2023.
  • The company sold $1.6 million worth of shares in 2023 and will require additional funding.
  • The company faces risks related to delays in opportunities due to macroeconomic factors.

Full Text Changes in Most Recent 10-K

Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.

To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1671584&owner=exclude

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