Knightscope, Inc. (KSCP): Nasdaq/NYSE listing notice — Knightscope receives Nasdaq delisting notice for bid price non-compliance; suspension possible May 3

Knightscope, Inc.

Nasdaq staff determined Knightscope failed to regain minimum $1.00 bid price by April 23, 2024.
Company is ineligible for another 180-day extension due to not meeting minimum stockholders' equity requirement.
Trading of KSCP common stock will be suspended at open on May 3, unless a hearing is requested by May 1.
Company intends to request a hearing to stay delisting and plans to propose a reverse stock split to regain compliance.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.98

Knightscope, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5450(a)(1), 5505(b)).

Exchange: nasdaq
Notice: delisting notice
Deficiency: minimum bid price
Rules: 5450(a)(1), 5505(b)

Exact text from the filing

rice Requirement”). As previously disclosed, on October 26, 2023, the Company was listed on The Nasdaq Global Market and received written notice (the “Notice”) from Nasdaq indicating that the Company was no longer in compliance with the Minimum Bid Price Requirement set forth in Nasdaq Listing Rule 5450(a)(1) and had 180 calendar days, or until April 23, 2024, to regain compliance with the Minimum Bid Price Requirement. The Company transferred to The Nasdaq Capital Market effective as of March 4, 2024 and was afforded the remainder of the compliance period to regain compliance with the Minimum

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Source: SEC EDGAR

accession 0001104659-24-052958

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