Knightscope Inc.

10/02/2024 | Press release | Distributed by Public on 10/02/2024 05:16

Material Event Form 8 K

Item 8.01. Other Events.

On October 1, 2024, Knightscope, Inc. (the "Company") received written notice (the "Compliance Notice") from the Nasdaq Office of General Counsel of The Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with the bid price requirement in Nasdaq Listing Rule 5550(a)(2), which requires that companies listed on the Nasdaq Capital Market maintain a minimum bid price of $1.00 per share (the "Minimum Bid Price Requirement").

As previously disclosed, on June 4, 2024, a Nasdaq Hearing Panel had informed the Company that it had provided the Company with a temporary exception until October 4, 2024 to regain compliance with the Minimum Bid Price Requirement. To regain compliance, the Company was required to maintain the Minimum Bid Price Requirement for a minimum of ten consecutive business days.

In the Compliance Notice, Nasdaq notified the Company that, from September 16, 2024 to September 30, 2024, the Company's minimum bid price had been $1.00 per share or higher and, accordingly, the Company had regained compliance with the Minimum Bid Price Requirement and that the matter was now closed.