The latest announcement is out from Knightscope Inc Class A (KSCP).
On May 15, 2024, Knightscope, Inc. underwent a significant transformation as it converted all shares of its Preferred Stock into Class A and Class B common stock, aligning with the conditions outlined in its corporate charter. This move, initiated by a majority of Preferred Stock voting power, has potentially resolved the company’s previous non-compliance with Nasdaq’s minimum stockholders’ equity requirements. Knightscope now preliminarily estimates that it meets the necessary financial benchmarks, but cautions that this is based on unaudited figures and not indicative of finalized financial statements.
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