secwatch.observer — SEC 8-K summary
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Issuer:     Knightscope, Inc. (KSCP)
CIK:        0001600983
Form:       8-K
Filed at:   2022-10-11T23:59:59+00:00
Accession:  0001104659-22-107493
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600983/000110465922107493/0001104659-22-107493-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600983/000110465922107493/tm2227968d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-107493

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