The committed equity facility provides Knightscope with the right to sell and issue up to $100 million of its Class A Common Stock over a period of 24 months to B. Riley Principal Capital at Knightscope’s discretion.
On the whole, publicly traded electronic security and cybersecurity firms performed well in 2021, despite global economic hardship. Learn more in SSI’s annual summary of security industry stocks.
While the coronavirus ravaged the economy for much of the year, publicly-traded electronic security companies nevertheless proved mostly resilient in 2020.
Monitronics says it is deregistering because it believes public company reporting requirements have no discernable benefit to the company.
Fifty-two publicly traded smart home stocks average 34.5% increase in 2020. Alarm.com, Vivint, WiSA, VOXX and Logitech are big winners.
On the whole, publicly-traded electronic security companies turned in a very positive 2019. Despite some laggards, the sector proved consistent with the rising broader economy.
Vivint’s merger with Mosaic and IPO reportedly brought $690 million in capital to the company and added $488 million in equity.
Stocks of 50 major smart home-related companies averaged a stock price increase of 29% in 2019, led by impressive gains from UEI, Napco and others.
On the heels of naming former Constellation Brands exec Bob Ryder interim CFO, Resideo saw its stock tumble 40% due to a decline in its comfort business.
Resideo plans to broaden its products and solutions segment into new and complementary verticals through new products, technology and business additions.