From shopping malls to other commercial sites, security robots are beginning to make their rounds. Knightscope Inc., which has developed security robots for the U.S. market, today announced that it is offering up to $40 million of Class A common stock, with shares to be listed immediately following closing on the Nasdaq Global Market under the ticker symbol “KSCP.” The offering is for up to 4 million shares priced at $10 per share.
“On this important day, I wish to take a moment to thank the absolutely relentless team at Knightscope and our 28,000+ investors for their unwavering support,” stated William Santana Li, chairman and CEO of Knightscope. “We are committed more than ever to our mission of making the United States of America the safest country in the world.”
“We need to provide the brave women and men in uniform, on our own soil, cutting-edge technology to help them make smarter, faster, and safer decisions,” he said. “They deserve only the best, and so does every community in our great nation, as we work to reimagine public safety, together.”
Founded in 2013, Knightscope said its Autonomous Security Robots (ASRs) are designed to deter, detect, and report on crime and other activities. The Mountain View, Calif.-based company said its ASRs are suitable for round-the-clock patrols and have already logged more than 1 million hours of service. The mobile robots are curently available in four models, plus the Knightscope Security Operations Center (KSOC).
Knightscope IPO and roadshow details
Digital Offering LLC, will act as the lead managing selling agent and sole bookrunner for the offering. The initial public offering (IPO) can be purchased through multiple broker-dealers for a planned selling period of approximately 30 to 45 days, subject to market conditions.
More information about Knightscope and its IPO are available from the U.S. Securities and Exchange Commission (SEC) and at the company's Web site. The company has also previously raised money through a crowdfunding campaign. It will host an investor day at 1:00 p.m. PST/4:00 p.m. EST on Thursday, Dec. 16, 2021.
Knightscope said that the net proceeds of the offering will enable it to continue scaling its current fleet of ASRs. It also plans to invest in new technologies that further accelerate robot adoption as a mainstream security solution for government facilities, hospitals, schools, corporate campuses, manufacturing plants, logistics facilities, cities, airports, railways, and more.
The company added that it has launched a roadshow as “the ultimate hybrid physical and virtual event, where the company brings all of its technologies to a city for prospective clients, government officials, and law enforcement to experience an interactive and in-person demo of its cutting-edge crime-fighting technology.”
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