Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Launch of Block 1 BB satellites was delayed, requiring additional capital of approximately $350 million.
  • Net loss attributable to common stockholders increased from $87 million in 2022 to $189 million in 2023.
  • Need to raise additional capital increased from $400 million to $650 million for operating and capital expenditures.
  • Ownership control decreased from 86% to 81.5%, impacting voting power and potential decision-making.
  • Potential dilution from outstanding warrants and notes could result in significant impact on stockholders.
  • Facing securities class action litigation may harm reputation, business, and financial condition.
  • Derivative liabilities related to embedded features within warrants are included in financial statements.

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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