Knightscope (KSCP) Announces Proposed Public Offering
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Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today announces that it is proposing to offer and sell, subject to market conditions, shares of its Class A common stock (or pre-funded warrants in lieu thereof) in an underwritten public offering. Knightscope expects to grant the underwriter a 30-day option to purchase up to an additional 15% of the number of shares of Class A common stock and pre-funded warrants to be offered in this public offering on the same terms and conditions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Knightscope intends to use the net proceeds from the offering for general corporate purposes, including working capital.
Titan Partners Group, a division of American Capital Partners, is acting as sole bookrunner for this offering.
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