other material
confidence medium
sentiment positive
materiality 0.75
Knightscope believes preferred stock conversion cures Nasdaq equity deficiency
Knightscope, Inc.
- Automatic conversion of all preferred shares into Class A/B common stock on May 15, 2024.
- At March 31, 2024, stockholders' equity was below Nasdaq's $2.5M minimum requirement.
- Preliminary estimate suggests conversion now satisfies Nasdaq Listing Rule 5550(b)(1).
- Estimate is unaudited, subject to change, and may differ from final results.