other material
confidence high
sentiment negative
materiality 0.50
Knightscope effects 1-for-50 reverse stock split of Class A and Class B common stock
Knightscope, Inc.
- Board selected 1-for-50 ratio on Sept 4, 2024; filed Certificates of Amendment on Sept 13, 2024.
- Reverse split effective at 5:00 p.m. ET on Sept 13, 2024; other amendments effective upon filing.
- Also authorized 40M shares of blank check preferred stock and implemented officer exculpation provisions.
- Exclusive forum provisions added for certain stockholder claims.
- Abandoned all other reverse split ratios (range was 1-for-5 to 1-for-50).