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/QaqNn
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
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