Knightscope shares rise 11.90% intraday after expanding as tech developer and security provider via Event Risk LLC acquisition.

Knightscope surged 11.90% intraday trading, with the company announcing the acquisition of Event Risk LLC to expand as a technology developer and security services provider, enhancing market coverage and integration capabilities. The company operates an integrated autonomous security platform combining hardware like robots and sensors, AI-driven software, and licensed security services, offering end-to-end security solutions.