Knightscope launches $10M public security infrastructure bond providing

By Mike Oitzman | October 26, 2023

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Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Firm”), a number one developer of autonomous safety robots and blue gentle emergency communication methods, right now broadcasts a $10 million Public Security Infrastructure Bond Providing the place the general public could combat crime with their funding portfolio.

“It’s our view that retail buyers are sometimes precluded from collaborating in high-yield debt choices made by publicly traded corporations and we hope to start to deal with that injustice by means of this bond providing. Concurrently, this may present semi-permanent long-term development capital in a non-dilutive type to proceed to gas Knightscope’s development,” mentioned William Santana Li, Chairman and CEO of Knightscope, Inc.

The Firm is providing 10% curiosity, paid in money yearly, on as much as a 5-year bond. For instance, a $10,000 funding might yield $1,000 of curiosity in money funds yearly. Over 5 years, an investor might accumulate as much as $5,000 in curiosity funds. Study extra at bond.knightscope.com.

Though the Nationwide Incident-Primarily based Reporting System (NIBRS) reported nationwide violent crime decreased by an estimated 1.7% in 2022 when in comparison with 2021, property crimes elevated by 1.06%. With 78% of regulation enforcement companies reporting issues recruiting certified candidates (supply: Worldwide Affiliate of Chiefs of Police), it’s possible that future stories could paint a grim image. The nation wants inexpensive technological instruments to have the ability to higher serve the security wants of the group and fill gaps in personnel to keep away from having to scale back or get rid of sure company companies, items, or positions.

Knightscope’s Autonomous Safety Robots (“ASRs”) have been in service since Might 2015 and have been straight answerable for many documented crime-fighting wins. One Los Angeles County regulation enforcement company expanded its public security presence with Knightscope’s K5 ASR and attributed the next statistics to the deployment: a ten% discount in requires service, a 46% discount in crime stories, and a 68% discount in citations. Because of this, the Metropolis Council authorised the contract renewal, which just lately entered its fifth consecutive 12 months.

Combat crime together with your funding portfolio

Knightscope is elevating capital to proceed to gas its development. The Firm’s momentum is constructing – an summary of which can be discovered at www.knightscope.com/rise – and buying Knightscope Bonds will assist the hassle to deploy the know-how at an increasing number of places throughout the nation.

Not like municipal bonds that are inclined to serve hyper-local points and usually elevate taxes, Knightscope bonds are backed by the Firm and can profit public security professionals from each regulation enforcement and the safety business throughout the USA. Based on Investopedia, “Bonds are typically much less unstable and fewer dangerous than shares, and when held to maturity can supply extra steady and constant returns.” Additionally they present a way of preserving capital and incomes a predictable return.