Monitor trading volume and price action for accelerated ATM selling. The company's aggressive use of the ATM (already $47.5M sold) suggests ongoing cash burn and limited access to non-dilutive capital. Watch for the next 10-Q to assess cash runway and burn rate.
Price Chart
Executive Summary
Knightscope filed a 424B5 prospectus supplement to increase its ATM offering capacity by $32.5 million, bringing the total available to up to $35 million under its existing ATM agreement with H.C. Wainwright. The company has already sold $47.5 million of stock through this facility. At the recent $1.14 share price, the full $35 million would represent approximately 30.7 million new shares, adding roughly 30-40% dilution to the existing float, a significant negative signal for existing holders.
Key Facts
- Knightscope upsized its ATM offering by $32.5 million, for total capacity up to $35 million under the Sales Agreement with H.C. Wainwright.
- Through the date of the filing, the company had already sold $47.5 million of Class A common stock under the ATM facility.
- The last reported sale price on September 18, 2026 was $1.14 per share.
- The offering consists of $2.5 million previously authorized plus $32.5 million newly authorized.
Financial Impact
Up to $35 million in new equity issuance at ~$1.14/share implies roughly 30.7 million new shares, representing substantial dilution of 30-40%+ of the current float.
Risk Factors
- Significant dilution to existing shareholders from the ATM program.
- Indicates persistent cash needs and potential difficulty raising capital through other means.
- Stock price may face continued downward pressure from overhang of future ATM sales.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001104659-26-109023 |
| Document: 0001104659-26-109023-index-headers.html | 0001104659-26-109023 |
| Document: 0001104659-26-109023-index.html | 0001104659-26-109023 |
| Document: 0001104659-26-109023.txt | 0001104659-26-109023 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $0.5560 | awaiting T+20 | — | $0.5270 (−5.22%) |
Sep 22, 2026 4w ago | 8-K | $1.10 $0.5560 | ▼ −49.22% | ▼ −48.66% | $0.5270 (−51.87%) |
Sep 21, 2026 5w ago | 8-K | $1.10 $0.5454 | ▲ +50.42% | ▲ +49.51% | $0.5270 (+52.09%) |
Sep 21, 2026 5w ago | 424B5 | $1.10 $0.5454 | ▲ +50.42% | ▲ +49.51% | $0.5270 (+52.09%) |
Sep 4, 2026 7w ago | 8-K | $1.43 $0.6943 | ▼ −51.45% | ▼ −53.16% | $0.5270 (−63.15%) |
Jul 20, 2026 14w ago | 8-K | $1.40 $1.43 | ▲ +2.14% | ▼ −1.98% | $0.5270 (−62.36%) |
Jun 8, 2026 20w ago | 8-K | $2.11 $1.80 | ▼ −14.69% | ▼ −16.14% | $0.5270 (−75.02%) |
Apr 15, 2026 27w ago | Press Release | $3.58 $2.90 | ▼ −18.99% | ▼ −24.81% | $0.5270 (−85.28%) |
US Market Status
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