other material
confidence high
sentiment neutral
materiality 0.65
Knightscope announces 1-for-50 reverse stock split effective Sept 13, 2024
Knightscope, Inc.
- Board approved 1-for-50 reverse split of Class A and Class B common stock; effective 5pm ET Sept 13, 2024.
- Split-adjusted trading under ticker KSCP begins Sept 16, 2024; new CUSIP 49907V201.
- No fractional shares issued; stockholders will receive cash in lieu based on closing price Sept 13.
- Shareholders approved split at ratios from 1:5 to 1:50 at Aug 16 annual meeting.