Knightscope (NASDAQ: KSCP), an innovator in robotics and AI technologies for public safety, announced plans to offer shares of its Class A common stock (or pre-funded warrants in lieu thereof) through an underwritten public offering, with the option for the underwriter to purchase up to an additional 15% of the offering. The company later confirmed the pricing of 1,210,000 shares at $10.00 per share, with pre-funded warrants priced similarly minus $0.001. The offering, expected to close on or about Nov. 25, 2024, aims to raise $12.1 million in gross proceeds, excluding underwriting discounts, commissions, and a potential $1.8 million from the underwriter’s additional purchase option. Titan Partners Group, a division of American Capital Partners, is serving as sole bookrunner, and proceeds will support general corporate purposes, including working capital. The offering is conducted under a shelf registration statement filed with the SEC.
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About Knightscope, Inc.
Knightscope builds cutting-edge technologies to improve public safety. The company’s long-term ambition is to make the United States of America the safest country in the world. For more information about the company, please visit www.Knightscope.com.
NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP
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