Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Adoption of 2024 SPAC Rules on July 1, 2024, will impact initial Business Combination disclosures.
  • Public shareholders' investment per Class A ordinary share decreased from $8.06 to $7.17.
  • Compliance with 2024 SPAC Rules may increase costs and time for completing business combinations.
  • The number of Class A ordinary shares decreased from 37,412,182 to 23,229,500 shares.
  • Additional disclosures required under 2024 SPAC Rules may constrain completion circumstances.
  • The total funds at the Business Combination decreased from $301,166,493 to $243,000,906.76.
  • The number of public shareholders required for listing increased from 300 to 400 shareholders.
  • The interest rate on the deposit account decreased from approximately 4.5% to 5.25% per annum.
  • The potential liability of certain participants in proposed business combination transactions increased.
  • The potential market value of unrestricted publicly held shares increased from $300 to $20 million.

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=1852061&owner=exclude

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