Knightscope Announces Proposed Public Offering
November 21 2024 - 4:15PM
Business Wire
Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the
“Company”), an innovator in robotics and artificial intelligence
(“AI”) technologies focused on public safety, today announces that
it is proposing to offer and sell, subject to market conditions,
shares of its Class A common stock (or pre-funded warrants in lieu
thereof) in an underwritten public offering. Knightscope expects to
grant the underwriter a 30-day option to purchase up to an
additional 15% of the number of shares of Class A common stock and
pre-funded warrants to be offered in this public offering on the
same terms and conditions. The offering is subject to market and
other conditions, and there can be no assurance as to whether or
when the offering may be completed, or as to the actual size or
terms of the offering.
Knightscope intends to use the net proceeds from the offering
for general corporate purposes, including working capital.
Titan Partners Group, a division of American Capital Partners,
is acting as sole bookrunner for this offering.
The securities described above will be offered pursuant to a
shelf registration statement on Form S-3 (File No. 333-269493),
which was previously filed with the Securities and Exchange
Commission (“SEC”) and became effective on February 8, 2023. A
preliminary prospectus supplement and accompanying base prospectus
relating to and describing the terms of the offering will be filed
with the SEC and will be available on the SEC’s website located at
http://www.sec.gov, copies of which may be obtained, when
available, for free by contacting Titan Partners Group LLC, a
division of American Capital Partners, LLC, 4 World Trade Center,
29th Floor, New York, New York 10007, by phone at (929) 833-1246 or
by email at prospectus@titanpartnersgrp.com. Before investing in
this offering, interested parties should read in their entirety the
preliminary prospectus supplement and the accompanying base
prospectus and the other documents that the Company has filed with
the SEC that are incorporated by reference into such preliminary
prospectus supplement and the accompanying base prospectus, which
provide more information about the Company and such offering. The
final terms of the offering will be disclosed in a final prospectus
supplement to be filed with the SEC.
This offering will be made only by means of a prospectus. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state or other
jurisdiction.
About Knightscope
Knightscope builds cutting-edge technologies to improve public
safety, and our long-term ambition is to make the United States of
America the safest country in the world. Learn more about us at
www.knightscope.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. Such forward-looking statements can be identified by the use
of words such as “should,” “may,” “intends,” “anticipates,”
“believes,” “estimates,” “projects,” “forecasts,” “expects,”
“plans,” “proposes” and similar expressions. Forward-looking
statements contained in this press release and other communications
include, but are not limited to, statements about the Company’s
goals, profitability, growth, prospects, reduction of expenses, and
outlook. Although Knightscope believes that the expectations
reflected in these forward-looking statements are based on
reasonable assumptions, there are a number of risks, uncertainties
and other important factors that could cause actual results to
differ materially from such forward-looking statements, including
the factors discussed under the heading “Risk Factors” in
Knightscope’s Annual Report on Form 10-K for the year ended
December 31, 2023, as updated by its other filings with the
Securities and Exchange Commission. Forward-looking statements
speak only as of the date of the document in which they are
contained, and Knightscope does not undertake any duty to update
any forward-looking statements, except as may be required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20241121412208/en/
Public Relations: Stacy Stephens Knightscope,
Inc. (650) 924-1025
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