Knightscope Inc (NASDAQ: KSCP) shares are trading lower Monday on the heels of a short report from Capybara Research.
What Happened: Capybara Research issued a short report on Knightscope warning shareholders of “extensive dilution” ahead.
The short seller believes Knightscope needs to dilute stock in order to raise capital because of its negative cash position. The firm noted that the company is no longer subject to the Baby Shelf Rule and is now able to utilize its $100 million shelf to its full capacity.
Even …
