This has been a scorching yr for brand spanking new preliminary public choices (IPOs), and one other one is simply across the nook. Knightscope, an autonomous safety robotic (ASR) firm, introduced at its annual shareholders assembly that it could be going public on the Nasdaq alternate. The corporate is presently within the strategy of submitting paperwork with the Securities and Change Fee (SEC) and an actual IPO date shouldn’t be but recognized.
Moreover, Knightscope isn’t taking the standard IPO path. The corporate introduced that it could be prioritizing its 28,000 current traders by providing them shares first. Pre-IPO shares are additionally out there to buy on Knightscope’s web site. Knightscope is a gem throughout the fairness crowdfunding world, placing retail traders first as an alternative of Wall Road sharks.
As a part of that, Knightscope introduced in the present day that it has commenced its preliminary public providing. It’s presently utilizing the My IPO platform to supply shares.
With that mentioned, let’s take a deeper look into the corporate making an attempt to make the world a greater place with autonomous robots.
Knightscope IPO: 10 Issues to Know About KSCP Inventory
- Knightscope was based by William Li and Stacy Stephens in 2013. After witnessing horrible occasions with mass casualties, such because the taking pictures at Sandy Hook Elementary College, the pair was impressed to create one thing that would deter, detect, report and save lives.
- Knightscope affords a spread of ASRs suited to totally different environments.
- The corporate launched its first autonomous robotic in a shopping mall throughout 2015. By 2020, Knightscope had acquired its first federal buy order.
- It serves a number of shoppers, resembling airports, procuring facilities, hospitals, warehouses and legislation enforcement businesses.
- Moreover, the corporate has privately raised over $75 million since inception from funds resembling Knockout Capital and Shiny Success Capital.
- Knightscope plans on elevating $40 million from its IPO. To take action, it should provide 4 million shares at a worth of $10 every.
- Out of the $40 million, $30 million will go towards the event of know-how, system upgrades, manufacturing of ASRs, and course of enhancements. $6 million will assist fund basic company and enterprise practices. The remaining $4 million shall be put aside for tax functions.
- For the 6 months ended June 30, 2021, Knightscope reported $1.8 million in income. Income for 2020 was $3.3 million, up 10% from 2019’s income of $3 million.
- Moreover, the corporate reported $12 million in money and money equivalents for the 6 months ended June 30, 2021. This can be a wholesome improve from 2020’s complete money and money equivalents of $7.1 million.
- Lastly, the deliberate ticker for Knightscope is KSCP.
On the date of publication, Eddie Pan didn’t have (both immediately or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Pointers.
Article printed from InvestorPlace Media, https://investorplace.com/2021/12/you-can-buy-into-the-knightscope-ipo-now-heres-10-things-to-know-about-kscp-stock/.
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