Knightscope (KSCP) Announces $1.7 Million Registered Direct Offering of Common Stock

Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, today announced that it has entered into definitive agreements for the purchase and sale of an aggregate of 625,000 shares of common stock at a purchase price of $2.75 per share in a registered direct offering. The offering is expected to close on or about March 31, 2025, subject to the satisfaction of customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.

The gross proceeds to the Company from the offering are expected to be approximately $1.7 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. The Company currently intends to use the net proceeds from the offering for working capital and general corporate purposes.

The securities described above are being offered and sold by the Company pursuant to a “shelf” registration statement on Form S-3 (Registration No. 333-269493), including a base prospectus, previously filed with the Securities and Exchange Commission (“SEC”) on February 1, 2023, and declared effective by the SEC on February 8, 2023. The offering of the securities is being made only by means of a prospectus supplement that forms a part of such registration statement. A prospectus supplement and accompanying base prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.

You May Also Be Interested In

• Singularity Future Technology prices $5M direct offering at $3.20 per share
• Maris-Tech receives repeat order from government intelligence customer
• QNB Corp. prices stock offering at $42 per share on Nasdaq