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

Issuer:     Knightscope, Inc. (KSCP)
CIK:        0001600983
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001104659-22-131441
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knightscope amends convertible note terms; cash covenant reduced to $1.5M through Feb 14, 2023
--------------------------------------------------------------------------------

- Minimum Available Cash covenant reduced from $3M to $1.5M from Jan 1 to Feb 14, 2023; reverts to $3M after unless conditions met.
- Conditional waiver allows Company to issue up to $20M unsecured convertible notes (Reg A Bonds) with subordination to existing notes.
- Conversion Price adjusted to 85% of Alternate Conversion Price (was 80%) effective Jan 1, 2023.
- Stockholder approval covenant waived until Feb 28, 2023; holder gets right of first offer for up to $10M Additional Notes.
- Company to reimburse $15,000 in legal fees; must file Form 8-K disclosing terms by next business day.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600983/000110465922131441/0001104659-22-131441-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600983/000110465922131441/tm2233801d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-131441

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