Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Sales of Class A common stock could decline significantly due to 1,162 million shares outstanding.
  • Net losses decreased from $1,723 million in 2022 to $796 million in 2023.
  • Potential disputes between Aurora and Continental could impact vehicle production timelines.
  • Estimated U.S. federal and state net operating loss carryforwards increased from $1,116 million to $1,548 million.
  • Increased expenses and administrative burdens as a public company due to additional reporting requirements.
  • Entered into a Strategic Partnership Agreement with Continental until March 31, 2031.
  • Exclusion from certain stock indices could preclude investment by passive investment vehicles.

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=1828108&owner=exclude

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