10:58 AM EDT, 06/05/2024 (MT Newswires) -- Knightscope ( KSCP ) said Wednesday the Nasdaq has granted it an extension until Oct. 4 to implement a reverse stock split to help the company regain compliance with the bid price rule for continued listing.

The company said the reverse stock split shall be undertaken on or before Sept. 20 after obtaining shareholder approval on or before Aug. 16.

Shares of the company were advancing more than 14% in recent trading.

Price: 0.33, Change: +0.04, Percent Change: +14.68