Knightscope, a US-based developer of autonomous security robots, is offering a $10 million Public Safety Infrastructure Bond Offering to support its growth and benefit public safety professionals.
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Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announces a $10 million Public Safety Infrastructure Bond Offering where the public may fight crime with their investment portfolio.
“It is our view that retail investors are often precluded from participating in high-yield debt offerings made by publicly traded companies and we hope to begin to address that injustice through this bond offering. Simultaneously, this can provide semi-permanent long-term growth capital in a non-dilutive form to continue to fuel Knightscope’s growth,” said William Santana Li, Chairman and CEO of Knightscope, Inc.
The Company is offering 10% interest, paid in cash annually, on up to a 5-year bond. For example, a $10,000 investment could yield $1,000 of interest in cash payments annually. Over 5 years, an investor could accumulate up to $5,000 in interest payments. Learn more at bond.knightscope.com.
Although the National Incident-Based Reporting System (NIBRS) reported national violent crime decreased by an estimated 1.7% in 2022 when compared to 2021, property crimes increased by 1.06%. With 78% of law enforcement agencies reporting problems recruiting qualified candidates (source: International Associate of Chiefs of Police), it is likely that future reports may paint a grim picture. The country needs affordable technological tools to be able to better serve the safety needs of the community and fill gaps in personnel to avoid having to reduce or eliminate certain agency services, units, or positions.
Knightscope’s Autonomous Security Robots (“ASRs”) have been in service since May 2015 and have been directly responsible for many documented crime-fighting wins. One Los Angeles County law enforcement agency expanded its public safety presence with Knightscope’s K5 ASR and attributed the following statistics to the deployment: a 10% reduction in calls for service, a 46% reduction in crime reports, and a 68% reduction in citations. As a result, the City Council approved the contract renewal, which recently entered its 5th consecutive year.
Fight crime with your investment portfolio
Knightscope is raising capital to continue to fuel its growth. The Company’s momentum is building – an overview of which may be found at www.knightscope.com/rise – and purchasing Knightscope Bonds will support the effort to deploy the technology at more and more locations across the country.
Unlike municipal bonds that tend to serve hyper-local issues and typically raise taxes, Knightscope bonds are backed by the Company and will benefit public safety professionals from both law enforcement and the security industry across the United States. According to Investopedia, “Bonds tend to be less volatile and less risky than stocks, and when held to maturity can offer more stable and consistent returns.” They also provide a means of preserving capital and earning a predictable return.
