Knightscope Files Lawsuit on Capybara Research for Short and Distort Practices

Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading developer of autonomous security robots and blue light emergency communication systems, today announces a litigation update to the market regarding its newly filed lawsuit against Capybara research.

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Knightscope Files Lawsuit on Capybara Research for Short and Distort Practices (Graphic: Business Wire)

On December 20, 2023, Knightscope filed a lawsuit in the United States District Court for the Southern District of New York against Capybara Research, a short selling research firm created in July 2023 that authors “short reports” on various publicly traded companies, including Knightscope. Capybara anonymously publishes its reports to its Twitter account and website, and frequently posts inaccurate and misleading information with the intention to antagonize our retail investment community and embarrass the Company.

Today, after weeks of investigatory work by legal counsel as well as cooperation of third parties, the Company wishes to announce that the attorneys have been successful in identifying the person responsible for the malicious article and are now talking all steps necessary to prosecute the lawsuit in the name of the individual, as well as his address, and to serve that individual.

Knightscope also sued the social media news outlet Benzinga for republishing, and continuing to republish the Capybara research and other false reports that continue to harm the retail investment community. "We are committed to legally pursuing all short and distort campaigns against the company as well as all media outlets that irresponsibly reported the false, misleading and defaming Capybara Report," stated William Santana Li, chairman and CEO, Knightscope, Inc.

The company had previously announced that it retained known dilution funder combatant Mark R. Basile, Esq, and his Securities and RICO litigation firm, The Basile Law Firm P.C., to assist the company in investigating and prosecuting all claims in defense of the Company and its retail investors.

About Knightscope

Knightscope is an advanced public safety technology company that builds fully autonomous security robots and blue light emergency communications systems that help protect the places people live, work, study and visit. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. Learn more about us at www.knightscope.com. Follow Knightscope on Facebook, X (formerly Twitter), LinkedIn and Instagram.

About The Basile Law Firm P.C.

Mr. Basile, a former law professor, has battled dilution funding for the last 14 years. In 2021, his firm secured a landmark decision against a dilution funder that has set the standard to save hundreds of public companies' tens of millions of dollars. Since that decision, his firm has vacated several federal trial court judgments and consequently many of the dilution funders have not filed suits against public companies in the last 18 months. His firm is also pursuing several RICO actions against known dilution funders for the collection of unlawful debt and because of his actions, the Southern District of New York recently denied a toxic dilution funders’ motion to dismiss RICO claims. The firm has also published articles and advice for companies that believe they may be victims of unlawful dilution, counterfeit shares and market manipulation by brokers, investment relation firms and short-sellers, a summary of which can be found at: https://www.thebasilelawfirm.com/blog.

Forward-Looking Statements

This press release may contain “forward-looking statements” about Knightscope’s future expectations, plans, outlook, projections and prospects. Such forward-looking statements can be identified by the use of words such as “should,” “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” “proposes” and similar expressions. Forward-looking statements contained in this press release and other communications include, but are not limited to, statements about executive transitions and the timing thereof, and the Company’s goals, profitability, and growth. Although Knightscope believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from such forward-looking statements. These risks and uncertainties include, among other things, the risk that executive transitions may have greater costs than anticipated; that executive transitions may adversely affect the Company’s internal programs and the Company’s ability to recruit and retain skilled and motivated personnel, and may be distracting to employees and management; that executive transitions may negatively impact the Company’s business operations and reputation with or ability to serve customers; or that executive transitions may not generate their intended benefits to the extent or as quickly as anticipated. Readers are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in Knightscope’s Annual Report on Form 10-K for the year ended December 31, 2022. Forward-looking statements speak only as of the date of the document in which they are contained, and Knightscope does not undertake any duty to update any forward-looking statements, except as may be required by law.

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