Knightscope, Inc 8-K, filed Jul 5, 2023
Knightscope, Inc. (KSCP)
About this 8-K
Knightscope, Inc filed this 8-K on July 5, 2023, reporting on events of June 28, 2023.
Items reported
- Item 1.02: Ended a material agreement
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SECURITIES AND EXCHANGE COMMISSION
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| Item 1.02. | Termination of a Material Definitive Agreement |
As previously disclosed, on April 4, 2022, Knightscope, Inc. (the “Company”) entered into a Common Stock Purchase Agreement (as amended, the “Purchase Agreement”) and a Registration Rights Agreement with B. Riley Principal Capital, LLC (“B. Riley”), pursuant to which the Company had the right to sell to B. Riley up to $100,000,000 of newly issued shares of the Company’s Class A Common Stock, subject to certain conditions and limitations.
On June 28, 2023, the Company gave notice to B. Riley to terminate the Purchase Agreement and the potential transactions contemplated thereby, with the termination effective five trading days following the notice. The Company did not incur any penalties in connection with the termination.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| knightscope, INC. | ||
| Date: July 5, 2023 | By: | /s/ Mallorie Burak |
| Name: | Mallorie Burak | |
| Title: | President and Chief Financial Officer | |