Yesterday KSCP issued a new SEC filing to official let everyone know that a big change has happened. Knightscope signed a new financing agreement to give them $3M in cash, which is about what they burn per quarter. The only difference with this agreement is that the warrants in this agreement are variable and tied to the future share price. This is called a "bottomless warrant". This type of agreement is often called "Death Spiral Financing". You can find the agreement here: https://www.sec.gov/ix?doc=/Archives/edgar/data/1600983/000110465924086770/tm2421114d1_8k.htm

Never heard of a convertible debt "death spiral". Here is a good video about it. https://www.youtube.com/watch?v=Me9hTKdXME4

Why did they sign up for this? Because the company's financials look awful. No one else will lend them money to stay alive.