Knightscope amends $100M equity purchase agreement with B. Riley; defines revised purchase mechanics

Knightscope, Inc.

Amendment No.1 to April 4 Purchase Agreement redefines VWAP purchase periods, volume maximums, and minimum price thresholds.
Company retains right to sell up to $100M of Class A common stock to B. Riley at a 3.0% discount to VWAP over 24 months.
Exchange Cap set at 6,847,787 shares (19.99% of outstanding pre-agreement); 98,888 commitment shares issued upfront.
Proceeds intended for technology development, machine-in-network expansion, and general corporate purposes.
B. Riley covenants no short sales or hedging during the term.

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