UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01. | Other Events |
As previously disclosed, on March 29, 2023, Knightscope, Inc. (the “Company”) received a letter from The Nasdaq Stock Market LLC. (“Nasdaq”) notifying that the Company’s market value of listed securities was not in compliance with the requirement set forth in Nasdaq Listing Rule 5450(b)(2) (the “MVLS Requirement”). The Company was provided 180 calendar days, or until September 25, 2023, to regain compliance with the MVLS Requirement.
Since then, Nasdaq has determined that for 10 consecutive business days from July 7, 2023 to July 20, 2023, the Company’s market value of listed securities has been $50,000,000 or greater. On July 21, 2023, Nasdaq notified the Company that the Company has regained compliance with the MVLS Requirement, and the matter is now closed.
The Company remains subject to a 180-day grace period, through November 7, 2023, to regain compliance with Nasdaq’s minimum $1.00 per share bid price requirement for continued listing. In order to regain compliance with this requirement, the minimum bid price of the Company’s Class A Common Stock must meet or exceed $1.00 per share for a minimum of ten consecutive business days. The Company intends to continue to monitor the bid price of its Class A Common Stock.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| knightscope, INC. | |||
| Date: July 24, 2023 | By: | /s/ Mallorie Burak | |
| Name: | Mallorie Burak | ||
| Title: | President and Chief Financial Officer | ||