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

Issuer:     Knightscope, Inc. (KSCP)
CIK:        0001600983
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001104659-24-086770
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Knightscope issues $3M secured note to Alto Fund; terminates prior convertible notes and warrants
--------------------------------------------------------------------------------

- Issued $3M senior secured promissory note due July 1, 2025; no interest (default 10% per annum).
- Repayment: $2.5M in 11 monthly installments starting Sep 1, 2024; $500K due by Oct 15, 2024 or upon equity issuance.
- Holder surrendered 2022 warrants; prior 2022 convertible notes, purchase agreement, and registration rights terminated (except indemnification).
- Company granted security interest in substantially all assets to secure the note.
- Mutual release between company/CEO and Holder (Alto, Waqas Khatri, Ayrton Capital); non-disparagement clause.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1600983/000110465924086770/0001104659-24-086770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1600983/000110465924086770/tm2421114d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-086770

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