Knightscope Files Lawsuit on Capybara Research for Short and Distort Practices
21 Dezembro 2023 - 11:30AM
Business Wire
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.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231221277475/en/
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231221277475/en/
Public Relations: Stacy Stephens Knightscope,
Inc. (650) 924-1025
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