Knightscope terminates $100M common stock purchase agreement with B. Riley

Knightscope, Inc.

Terminated Common Stock Purchase Agreement with B. Riley Principal Capital, LLC, effective five trading days after June 28, 2023 notice.
Agreement allowed sale of up to $100M of newly issued Class A Common Stock, subject to conditions.
No penalties incurred in connection with the termination.
Termination removes potential equity facility that was previously disclosed in April 2022.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Knightscope, Inc. terminated Common Stock Purchase Agreement with B. Riley Principal Capital, LLC valued at up to $100,000,000 (effective 2023-06-28).

Action: termination
Agreement: equity purchase
Counterparty: B. Riley Principal Capital, LLC
Value: up to $100,000,000
Effective: 2023-06-28

Exact text from the filing

On June 28, 2023, the Company gave notice to B. Riley to terminate the Purchase Agreement and the potential transactions contemplated thereby, with the termination effective five trading days following the notice.

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Knightscope, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-077841

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