Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Increased privacy laws complexity with 14 U.S. states enacting separate privacy laws by 2024.
  • Cybersecurity risks highlighted with recent incidents and potential for unauthorized data access.
  • $491 million term loan outstanding as of December 30, 2023, with a $248 million revolving credit facility balance.
  • Initial payment of $24.7 million under Tax Receivable Agreement made in January 2024.
  • Interest accrues at the Base Rate plus an applicable margin or SOFR plus an applicable term adjustment plus 1.00% per annum until paid.
  • Principal Stockholders collectively hold approximately 62% of outstanding shares as of February 26, 2024.
  • Ten members on the Board of Directors, with three being Principal Stockholders, impacting control.

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=1804745&owner=exclude

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