Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • The potential excise tax payable related to share redemptions recognized as of December 31, 2023, is $1,360,357.
  • The reporting deadline for completing an initial business combination has been extended from September 3, 2023, to June 3, 2024.
  • The number of public shares outstanding has increased from 699,019 to 1,750,610, a 6.2% increase.
  • The reporting deadline for completing an initial business combination has been extended from September 3, 2023, to June 3, 2024.
  • The number of public shares sold in the offering has increased from 28,009,750 to 28,009,750.
  • The potential excise tax payable related to share redemptions recognized as of December 31, 2023, is $1,360,357.
  • Final rules and guidance have been issued regarding special purpose acquisition companies, impacting disclosure requirements and financial statement requirements.

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=1851959&owner=exclude

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