Brief: Knightscope Announces Cost-Reduction Plan

Knightscope

09/01/2023 22:42

Jan 9 (Reuters) - Knightscope Inc  KSCP.O :
    * KNIGHTSCOPE INC -  ON JANUARY 6, ANNOUNCED A
COST-REDUCTION PLAN
    * KNIGHTSCOPE INC - PLAN INCLUDES A REDUCTION OF COMPANY'S
CURRENT
WORKFORCE BY APPROXIMATELY 20%
    * KNIGHTSCOPE INC - ACTIONS ASSOCIATED WITH EMPLOYEE
RESTRUCTURING
UNDER PLAN ARE EXPECTED TO BE SUBSTANTIALLY COMPLETE BY END OF
Q1 OF 2023
    * KNIGHTSCOPE INC - ON JAN 5, 2023, BOARD APPOINTED MALLORIE
BURAK, CURRENT CHIEF FINANCIAL OFFICER, AS PRESIDENT, EFFECTIVE
IMMEDIATELY

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