Knightscope, developer of security robots, today announced the commencement of its offering of up to $40 million of Class A common stock, with shares to be listed immediately following closing on the Nasdaq Global Market (“NASDAQ”) under the ticker symbol “KSCP.” The offering is for up to 4 million shares priced at $10 per share.
Digital Offering, LLC, will act as the lead managing selling agent and sole bookrunner for the offering. The Offering can be purchased through multiple broker-dealers for a planned selling period of approximately 30 to 45 days, subject to market conditions.
Safest country
“On this important day, I wish to take a moment to thank the absolutely relentless team at Knightscope and our 28,000+ investors for their unwavering support,” said Knightscope chairman and CEO, William Santana Li. “We are committed more than ever to our mission of making the United States of America the safest country in the world. We need to provide the brave women and men in uniform, on our own soil, cutting edge technology to help them make smarter, faster and safer decisions. They deserve only the best and so does every community in our great Nation, as we work to reimagine public safety, together.”
Robot adoption
Net proceeds of the offering will enable the company to continue to scale its current fleet of Autonomous Security Robots (ASRs) while simultaneously investing in new technologies that further accelerate robot adoption as a mainstream security solution for government facilities, hospitals, schools, corporate campuses, manufacturing plants, logistic facilities, cities, airports, rail, and much more.
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