Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Added risk related to being deemed an investment company under the Investment Company Act, potentially leading to liquidation.
  • Identified material weakness in internal controls, now 75% of outstanding shares needed for quorum.
  • Increased deadline for initial business combination from June 14, 2023, to December 14, 2024.
  • Added risk of potential CFIUS review for initial business combination with U.S. target companies.
  • Increased cash held outside trust account from $212,401,275 to $468,593,046.
  • Added risk of potential delisting of securities from Nasdaq affecting secondary trading market.
  • Added risk of cyber incidents impacting operations due to being a smaller reporting company.

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=1848861&owner=exclude

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