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New SEC filing - KSCP signs new "death spiral" financing agreement
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On August 1st Knightscope signed a new financing agreement to give them $3M in cash. 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
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