Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Identified material weaknesses in internal controls decreased cash from $37 million to $28 million.
  • Failure to maintain effective internal control could result in delisting if stock price remains below $1.
  • Cybersecurity risks increased with possible Russian ransomware threats and potential cyberattacks.
  • Amended certificate of designations may limit ability to make monthly amortization payments in stock.
  • Conversion Price for Private Placement resulted in higher Common Stock issuance affecting market price.
  • Failure to comply with data protection laws could lead to enforcement actions and adverse publicity.
  • Amended certificate of designations includes special voting rights that could limit holders' rights.

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=1571934&owner=exclude

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