Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • The company increased the number of authorized but unissued Class A ordinary shares from 585 million to 718 million.
  • The company expresses substantial doubt about its ability to continue as a going concern due to a working capital deficit of $3,073,525.
  • The company increased the number of Class A ordinary shares issued to initial shareholders from 5,072,047 to 5,347,415.
  • The company may cease operations and liquidate if an initial business combination is not consummated within 18-24 months.
  • The company increased the amount loaned from the Sponsor or its affiliates from $2,975,145,000 to $2,975,145,987.
  • The company's sponsor and management team own 5,347,415 Class A ordinary shares and 25,000,372 Class B ordinary shares.
  • The company increased the number of Class A ordinary shares held by the Sponsor from 5,072,047 to 5,347,415.
  • The company's sponsor may deposit $290,000 for each three-month extension to extend the time to consummate a business combination.
  • The company increased the number of authorized but unissued Class A ordinary shares from 585 million to 718 million.
  • The company may need to restructure if a large number of public shareholders submit their shares for redemption.
  • The company increased the number of Class A ordinary shares issued to initial shareholders from 5,072,047 to 5,347,415.
  • The company may need to arrange for additional third-party financing, potentially involving dilutive equity issuances or incurring indebtedness.
  • The company increased the amount loaned from the Sponsor or its affiliates from $2,975,145,000 to $2,975,145,987.
  • The company's sponsor may not extend the term to consummate a business combination, impacting the ability to complete a transaction.

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=1847355&owner=exclude

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