secwatch.observer — SEC 8-K summary
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Issuer:     Knightscope, Inc. (KSCP)
CIK:        0001600983
Form:       8-K
Filed at:   2022-04-12T23:59:59+00:00
Accession:  0001104659-22-045114
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600983/000110465922045114/0001104659-22-045114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600983/000110465922045114/tm2212514d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-045114

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