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Are You Going Public?!

Updated April 22, 2021

That’s still our plan! Recent interest in Knightscope has been quite strong. We are now backed by over 28,000 investors and 4 major corporations and have raised over $90 million since we started back in 2013 to build our crime-fighting technology from scratch. Our long-term mission is to make the United States of America the safest country in the world – and with your continued support, we will reimagine public safety, together, at a time when our Nation needs it most.

We are dedicated to pursuing a successful listing and have continued to focus on that process. As with any fundraising and regulatory process, it takes time to complete it properly.

DISCLAIMER This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. Though the issuer plans to conduct a public listing in the future, there is no guarantee that the company will be successful in doing so. Even if the company does go public, it is possible shares may not trade at a price above what you paid for your shares. 

As a quick update, we are excited to share that we have been hard at work recruiting a bunch of new teammates (yes, you directly helped create new American jobs during a pandemic!), making significant improvements to our technology stack, initiating numerous process improvements, reducing costs, signing new customer contracts, and diligently working through our backlog of orders.

We’ve been flooded with questions about a public offering, so I thought I would share four topics, out of dozens and dozens being worked on, so that you can get a flavor of our current focus and considerations.

MECHANISM

What would be the best way to have Knightscope shares listed that would be in the best interest of both the stockholders and the Company? Would that be a Direct Listing (DL); a traditional S-1 Initial Public Offering (IPO); or a Special Purpose Acquisition Company (SPAC) IPO, otherwise known as a blank-check company? Or is the new avenue of a Direct Listing with a capital raise the appropriate path?

PEOPLE

Is there a full finance and accounting team in place? Is the sales team sufficiently staffed and trained? Have you recruited the independent board members? Is the entire management team in place? Have you hired the right advisors?

FINANCE

Are the audited financials of the right type? How strong is the financial modeling and forecasting? What is the Company’s view on issuing earnings guidance? Is the balance sheet strong enough?

INVESTOR RELATIONS

Have the right relationships been cultivated with equity research analysts? Is the story one tells ‘the street’ well thought out (and appropriate in a COVID-19 environment)? What are the impacts on a lockup strategy, which can be dependent on the listing mechanism chosen? Is there an in-house or outsourced investor relations team in place?

RISK

Is it the right timing (holidays, elections, time of year, market volatility)? Now that over 25% of issuers are being sued, has a solid risk mitigation strategy been developed? Has the appropriate D&O insurance been sourced?

We are looking forward to the beginning of a new chapter of growth for the company as we gain access to the capital markets and hope to provide liquidity to our shareholders. Should we be able to successfully complete all the steps, have tripled checked everything and are ready to go – we will let you know. We get only 1 chance to do it so need to put our best foot forward regardless of how long it takes. But in the meantime, know that we are hard at work, every day, pushing forward to securing a brighter future! Onward and upward!

Autonomously,

           /s/

William Santana Li

Chairman and CEO

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