Knightscope Inc surges on $100 mln common stock purchase agreement

Knightscope

04/04/2022 22:30

** Shares of robot security firm Knightscope Inc  KSCP.O  up
25% at $6.3 after the bell 
    ** KSCP enters into a $100 million common stock purchase
agreement with B Riley Principal Capital  urn:newsml:reuters.com:*:nBw3W1xra
    ** The committed equity facility provides KSCP with the
right, without obligation, to sell and issue up to $100 mln of
its Class A Common Stock over 24 months to B. Riley 
    ** Up to Monday's close, the Silicon Valley-based company's
shares had lost 14.6% since it went public on Jan. 27
    

 (Reporting by Kannaki Deka in Bengaluru)
 ((Kannaki.Deka@thomsonreuters.com))