Knightscope gets May 3, 2027 deadline to meet Nasdaq $1 rule
KSCP remains listed for now, and a further 180-day compliance period depends on meeting Nasdaq's other listing standards and giving written notice.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Knightscope, Inc. (KSCP) received a Nasdaq deficiency notice after its Class A common stock closed below the $1.00-per-share minimum bid price for 30 consecutive business days. It has until May 3, 2027 to regain compliance by closing at $1.00 or more for at least 10 consecutive business days. The notice has no immediate effect on its Nasdaq Capital Market listing.
Knightscope may be eligible for an additional 180 calendar days if it meets the other applicable listing standards and gives written notice of its intent to cure, including by reverse stock split if necessary. If it does not regain compliance and is ineligible for an extension, or Nasdaq staff concludes it cannot cure the deficiency during an extension, the stock may be subject to delisting; the company may appeal that determination.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- None.
Negative
- Major point. Forward-looking: it has not happened yet and may not happen.Nasdaq's $1.00 bid-price deficiency carries a May 3, 2027 deadline; any extension is conditional.
8-K Event Classification
Key Figures
Key Terms
Minimum Bid Price Requirement regulatory
Compliance Period Rule regulatory
initial listing standards regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does KSCP need to do to regain Nasdaq's minimum bid-price compliance?
Can KSCP get more time to meet Nasdaq's $1 bid-price rule?
Will KSCP be delisted immediately?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code: (
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 3.01 | Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. |
On November 4, 2026, Knightscope, Inc. (the “Company”) received a deficiency letter from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that for the last 30 consecutive business days, the bid price for the Company’s Class A Common Stock closed below the $1.00 per share minimum bid price requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).
In accordance with Nasdaq Listing Rule 5810(c)(3)(A) (the “Compliance Period Rule”), the Company has been provided a period of 180 calendar days, or until May 3, 2027 (the “Compliance Date”), to regain compliance with the Minimum Bid Price Requirement. If, at any time before the Compliance Date, the bid price of the Company’s Class A Common Stock closes at $1.00 or more per share for a minimum of ten consecutive business days as required under the Compliance Period Rule, the Staff will provide written notification to the Company that it has regained compliance with the Minimum Bid Price Requirement.
If the Company does not regain compliance with the Minimum Bid Price Requirement by the Compliance Date, the Company may be eligible for an additional 180 calendar day compliance period. To qualify, the Company would be required to meet the continued listing requirements for market value of its publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and would need to provide written notice of its intention to cure the bid price deficiency during the second 180 calendar day compliance period, by effecting a reverse stock split, if necessary.
If the Company does not regain compliance with the Minimum Bid Price Requirement by the Compliance Date and is not eligible for an additional compliance period at that time, or the Staff concludes that the Company will not be able to cure the deficiency during the additional compliance period, the Staff will provide written notification to the Company that its Class A Common Stock will be subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Nasdaq Hearings Panel. However, there can be no assurance that such appeal would be successful.
The notification has no immediate effect on the Company’s Nasdaq listing. The Company’s Class A Common Stock will continue to trade on The Nasdaq Capital Market under the symbol "KSCP" at this time.
The Company intends to actively monitor the closing bid price of its Class A Common Stock and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Requirement. There can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
KNIGHTSCOPE, INC. | ||
Date: November 6, 2026 | By: | /s/ William Santana Li |
Name: | William Santana Li | |
Title: | Chairman, Chief Executive Officer and President | |