Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Added risk of outbreaks of highly infectious diseases. This may impact operations and business combinations.
  • Private Placement Warrants decreased from 180,000 to 173,628, potentially diluting shareholder interest.
  • Ownership change: Sponsor and transferees now own approximately 71% of outstanding shares, up from 20%.
  • Authorized but unissued Class A Ordinary Shares decreased from 15,000,000 to 16,000,300.
  • Shareholder approval threshold reduced to 15% for redemption without consent, impacting shareholder influence.
  • Potential amendments to memorandum and articles of association may impact shareholder rights.
  • Reduced Trust Account funds post-redemption may hinder Business Combination completion and attractiveness.
  • Nasdaq compliance issues may lead to delisting, affecting trading and potential Business Combination opportunities.

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=1848821&owner=exclude

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