{"id":767035,"date":"2023-06-29T11:52:33","date_gmt":"2023-06-29T15:52:33","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/knightscope-repays-in-full-6-million-of-convertible-notes\/"},"modified":"2023-06-29T11:52:33","modified_gmt":"2023-06-29T15:52:33","slug":"knightscope-repays-in-full-6-million-of-convertible-notes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/knightscope-repays-in-full-6-million-of-convertible-notes\/","title":{"rendered":"Knightscope Repays in Full $6 Million of Convertible Notes"},"content":{"rendered":"

<\/p>\n

Knightscope Repays in Full $6 Million of Convertible Notes<\/b><\/p>\n

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE<\/a>)–Knightscope, Inc.<\/a> [Nasdaq: KSCP] (\u201cKnightscope\u201d or the \u201cCompany\u201d), a leading developer of autonomous security robots and blue light emergency communication systems, today announced that it has extinguished $6.075 million in convertible notes (\u201cNotes\u201d) that were previously issued in conjunction with the acquisition of CASE Emergency Systems in October 2022. The Notes were fully repaid through various conversions to Class A Common Stock pursuant to the terms of the Notes.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230629411867\/en\/<\/a><\/p>\n

\"Knightscope<\/p>\n

Knightscope Repays in Full $6 Million of Convertible Notes (Graphic: Business Wire)<\/p>\n<\/div>\n

\n\u201cWe\u2019re excited to have this debt fully repaid and behind us. The repayment of the Notes strengthens the balance sheet and provides the Company with increased flexibility to execute our strategy of growing Knightscope,\u201d said William Santana Li, chairman and CEO, Knightscope, Inc.<\/p>\n

\nThe Notes have been paid down; however, associated warrants to purchase up to 1,138,446 shares of Class A Common Stock with an initial exercise price of $3.25 per share of Class A Common Stock (subject to future anti-dilution adjustment), exercisable immediately and expiring five years from original issuance of the Notes, remain outstanding.<\/p>\n

About Knightscope<\/b><\/p>\n

\nKnightscope 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\u2019s 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<\/a>. Follow Knightscope on Facebook<\/a>, Twitter<\/a>, LinkedIn<\/a> and Instagram<\/a>.<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release may contain \u201cforward-looking statements\u201d about Knightscope\u2019s future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as \u201cshould,\u201d \u201cmay,\u201d \u201cintends,\u201d \u201canticipates,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cforecasts,\u201d \u201cexpects,\u201d \u201cplans,\u201d \u201cproposes\u201d and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about the Company\u2019s profitability and growth. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that the restructuring costs and charges may be greater than anticipated; the risk that the Company\u2019s restructuring efforts may adversely affect the Company\u2019s internal programs and the Company\u2019s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; the risk that the Company\u2019s restructuring efforts may negatively impact the Company\u2019s business operations and reputation with or ability to serve customers; the risk that the Company\u2019s restructuring efforts may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading \u201cRisk Factors\u201d in Knightscope\u2019s Annual Report on Form 10-K for the year ended December 31, 2022. 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.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230629411867\/en\/<\/a><\/span><\/p>\n

Public Relations:
\n<\/i><\/b>
Stacy Stephens
\n<\/i><\/b>
Knightscope, Inc.
\n<\/i><\/b>
(650) 924-1025<\/i><\/b><\/p>\n

Corporate Communications:
\n
IBN (InvestorBrandNetwork)
\n
Los Angeles, California
\n
www.InvestorBrandNetwork.com
\n<\/a>
310.299.1717 Office
\n
Editor@InvestorBrandNetwork.com<\/a><\/i><\/b><\/p>\n

KEYWORDS:<\/b> California United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Security Hardware Robotics Technology Software<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n\n\n\n
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Knightscope Repays in Full $6 Million of Convertible Notes (Graphic: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Knightscope Repays in Full $6 Million of Convertible Notes MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Knightscope, Inc. [Nasdaq: KSCP] (\u201cKnightscope\u201d or the \u201cCompany\u201d), a leading developer of autonomous security robots and blue light emergency communication systems, today announced that it has extinguished $6.075 million in convertible notes (\u201cNotes\u201d) that were previously issued in conjunction with the acquisition of CASE Emergency Systems in October 2022. The Notes were fully repaid through various conversions to Class A Common Stock pursuant to the terms of the Notes. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230629411867\/en\/ Knightscope Repays in Full $6 Million of Convertible Notes (Graphic: Business Wire) \u201cWe\u2019re excited to have this debt fully repaid and behind us. The repayment of the Notes … <\/p>\n

Continue reading “Knightscope Repays in Full $6 Million of Convertible Notes”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-767035","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKnightscope Repays in Full $6 Million of Convertible Notes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/knightscope-repays-in-full-6-million-of-convertible-notes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Knightscope Repays in Full $6 Million of Convertible Notes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Knightscope Repays in Full $6 Million of Convertible Notes MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–Knightscope, Inc. [Nasdaq: KSCP] (\u201cKnightscope\u201d or the \u201cCompany\u201d), a leading developer of autonomous security robots and blue light emergency communication systems, today announced that it has extinguished $6.075 million in convertible notes (\u201cNotes\u201d) that were previously issued in conjunction with the acquisition of CASE Emergency Systems in October 2022. The Notes were fully repaid through various conversions to Class A Common Stock pursuant to the terms of the Notes. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230629411867\/en\/ Knightscope Repays in Full $6 Million of Convertible Notes (Graphic: Business Wire) \u201cWe\u2019re excited to have this debt fully repaid and behind us. 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