Company – Scrape Financial

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Risk Factors Summary

Risk Factors Update Summary

  • The company received a deficiency notice from Nasdaq for not meeting the minimum bid price requirement of $1.00 per share for 30 consecutive business days.
  • The company had one customer representing 10% or more of total revenue in the fiscal year ended March 31, 2023, compared to none in 2024.
  • The company may face delisting from Nasdaq if it does not regain compliance with listing standards by September 16, 2024.
  • The company fell out of compliance with certain financial covenants in March 2024, risking default without a waiver from lenders.
  • The company may not be able to fund future working capital and capital investments, impacting business activities significantly.

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=709283&owner=exclude

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