Knightscope acquires CASE Emergency Systems for $6.72M; raises $5M via convertible notes

Knightscope, Inc.

Acquires CASE Emergency Systems for $6.16M cash plus $560K promissory note; $672K holdback for indemnification.
CASE generated over $5.4M profitable revenue in 2021; adds 7,000+ devices, 9 facilities, and key client relationships.
Funds acquisition via $6.075M senior secured convertible notes (17.65% OID) with $5.0M gross proceeds; initial conversion price $5.00.
Issues warrants to purchase 1,138,446 shares at $3.25 per share, exercisable immediately for 5 years.
CASE founder Sebastian Gutierrez joins Knightscope as SVP of Public Safety Infrastructure Development.

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