Why Knightscope (KSCP) Stock Is Rising During Wednesday's Session
Portfolio Pulse from Henry Khederian
Knightscope Inc (NASDAQ:KSCP) shares surged by 16.7% to $0.33 after the company announced an extension to regain compliance with Nasdaq. The company must obtain shareholder approval for a reverse stock split by August 16, execute the split by September 20, and maintain a closing bid price of at least $1 for ten consecutive business days by October 4.
June 05, 2024 | 7:54 pm
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Knightscope Inc (NASDAQ:KSCP) shares rose 16.7% to $0.33 after the company announced an extension to regain Nasdaq compliance. Key dates include August 16 for shareholder approval of a reverse stock split, September 20 to execute the split, and October 4 to maintain a $1 bid price for ten consecutive days.
The extension to regain Nasdaq compliance is a positive development for Knightscope, leading to a 16.7% increase in share price. The upcoming key dates for shareholder approval and reverse stock split execution are critical for maintaining compliance, which could further influence the stock price positively if successfully achieved.
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