Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Rulemaking changes by the Consumer Financial Protection Bureau may significantly impact income streams and profitability.
  • A decrease in credit card late fees could lead to a reduction of $17 million in income.
  • Outstanding indebtedness decreased by $17 million to $312 million as of February 3, 2024.
  • Future occupancy payments decreased by $14 million to $243 million as of February 3, 2024.
  • The Board of Directors composition and authority have been clarified and updated.
  • The company has never paid cash dividends and does not anticipate doing so in the future.
  • Funding for business operations and expansion will not involve issuing common stock in the foreseeable future.

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=1792781&owner=exclude

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