Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Launch of Block 1 BB satellites was delayed, requiring an additional $50 million for operating and capital expenditures.
  • Net loss attributable to common stockholders increased from $34 million in 2022 to $87 million in 2023.
  • Net losses attributable to common stockholders increased from $105 million through 2022 to $189 million through 2023.
  • Ownership by Mr. Avellan and his permitted transferees decreased from 86.5% to 81.5%.
  • The Stockholder Parties collectively owned approximately 69% of outstanding common stock, down from 93%.
  • The Stockholder Parties controlled approximately 86.5% of the combined voting power, reduced to 81.5%.
  • The Stockholder Parties controlled approximately 86.5% of the combined voting power, reduced to 81.5%.

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=1780312&owner=exclude

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