other material
confidence high
sentiment neutral
materiality 0.70
Knightscope enters up to $100M common stock equity facility with B. Riley
Knightscope, Inc.
- Company may sell up to $100M of Class A Common Stock to B. Riley over 24 months at its discretion.
- Purchase price set at 3% discount to VWAP; initial commitment of 98,888 shares issued.
- Exchange cap of 6,847,787 shares (19.99% of outstanding) unless higher price or stockholder approval.
- Proceeds to fund technology development, machines-in-network, acquisitions, and general corporate purposes.
- B. Riley prohibited from short sales or hedging during the term of the agreement.