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TinyGemsBreaks – Knightscope, Inc. (NASDAQ: KSCP) Announces Payment in Full of $6M Convertible Notes

Knightscope (NASDAQ: KSCP), a leading developer of autonomous security robots (“ASRs”) and blue light emergency communication systems, has paid in full $6 million in convertible notes. The company announced that the notes, which were fully repaid through conversions to Class A common stock, had been issued when KSCP acquired CASE Emergency Systems in October 2022.

According to the announcement, associated warrants to purchase more than 1.1 million shares of class A common stock with an initial exercise price of $3.25 per share remains outstanding. Those warrants are exercisable any time and expire five years from the date the notes were originally issued.

“We’re excited to have this debt fully repaid and behind us,” said Knightscope CEO and chair William Santana Li in the press release. “The repayment of the notes strengthens the balance sheet and provides the company with increased flexibility to execute our strategy of growing Knightscope.”

To view the full press release, visit https://ibn.fm/uIkMz

About Knightscope, Inc.

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. For more information about the company, please visit www.Knightscope.com.

NOTE TO INVESTORS: The latest news and updates relating to KSCP are available in the company’s newsroom at https://ibn.fm/KSCP

About TinyGems

TinyGems is your guide to the best and brightest in the under-appreciated small-cap sector. As one of 50+ brands within the InvestorBrandNetwork (“IBN”), TinyGems provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to reach millions of social media followers; and (5) a full array of corporate communications solutions. It’s time to uncover some of the best-kept secrets on Wall Street. TinyGems features innovative small-cap companies with huge potential, putting a spotlight on the best and brightest of these disruptors that have the technology, the talent, the drive, and the business models to make a huge impact in the markets and in portfolios. Whether it’s a game changing technology, a new more profitable product or service, or a star in a hot sector, TinyGems is the go-to source for actionable intelligence.

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For more information, please visit https://www.TinyGems.com

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TinyGems
Los Angeles, California
www.TinyGems.com
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Editor@TinyGems.com

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