Knightscope granted Nasdaq extension until October 4

Knightscope announced that the Nasdaq Hearings Panel has granted the company an extension to regain compliance with The Nasdaq Stock Market LLC’s Listing Rule 5550(a)(2). The company is granted an exception until October 4, 2024, to effect the reverse stock split, if needed, and thereafter regain compliance with the Bid Price Rule, subject to these milestones: On or before August 16, 2024, the Company shall obtain shareholder approval for a reverse stock split at a ratio that satisfies the minimum requirement in the Bid Price Rule; On or before September 20, 2024, the company shall effect a reverse stock split and, thereafter, maintain a $1 closing bid price for a minimum of ten consecutive business days; On or before October 4, 2024, the company shall have demonstrated compliance with the Bid Price Rule, by evidencing a closing bid price of $1 or more per share for a minimum of ten consecutive trading sessions.