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Knightscope Closes $1.7 Million Registered Direct Offering of Common Stock

1. Knightscope sold 625,000 shares at $2.75 each, raising significant capital. 2. The direct offering could enhance operational capabilities and investor confidence.

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FAQ

Why Bullish?

Raising capital through stock sales often indicates growth potential, as seen with similar companies like Tesla during expansions.

How important is it?

The stock offering directly affects liquidity and growth potential, which are crucial for valuation.

Why Short Term?

The immediate capital influx can boost operational activities, but longer-term effects depend on how funds are utilized.

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MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Knightscope, Inc. (NASDAQ: KSCP), a leader in developing autonomous security robots and artificial intelligence technologies, closed on the previously announced sale of an aggregate of 625,000 shares of the Company's Class A common stock at a purchase price of $2.75 per share in a registered direct offering. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The gross proceeds to the Company from the offering were approxima.

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