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New 8K! R/S approved
$Knightscope (KSCP.US)$ On September 4, 2024, the Board approved a reverse stock split of the Class A Common Stock at a final ratio of 1-for-50 and a reverse stock split of the Class B Common Stock at a final ratio of 1-for-50 (together, the “Reverse Stock Split”) and abandoned all other reverse stock split amendments at different ratios. The Reverse Stock Split is expected to become effective at 5:00 p.m. Eastern Time on September 13, 2024, following the filing of a related Certificate of Amendment with the Secretary of State of the State of Delaware. The Class A Common Stock is expected to commence trading on a split-adjusted basis when the markets open on September 16, 2024, under the existing trading symbol “KSCP.” The new CUSIP number for the Class A Common Stock following the Reverse Stock Split will be 49907V 201.
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Riseup06 : Is this good news? Thank you
Trytosaveabit OP Riseup06 : It means they will not be delisted! That’s good! But a lot don’t like it because if you have 50 shares now, after split you have 1! But the price is much higher! So whatever P&L you have stays exactly the same! Just your share count changes
Riseup06 : Understood, thank you very much
Trytosaveabit OP Riseup06 : You’re welcome
easygoing Buffalo_28 : Is there fee will be charged?
Trytosaveabit OP easygoing Buffalo_28 : For being a holder of shares when they do the R/S? If that’s what you’re asking? No no fee!