secwatch.observer — SEC 8-K summary
======================================

Issuer:     Knightscope, Inc. (KSCP)
CIK:        0001600983
Form:       8-K
Filed at:   2022-04-06T23:59:59+00:00
Accession:  0001104659-22-042890
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knightscope enters up to $100M common stock equity facility with B. Riley
-------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600983/000110465922042890/0001104659-22-042890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600983/000110465922042890/tm2211434d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-042890

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer