secwatch.observer — SEC 8-K summary
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Issuer:     Rekor Systems, Inc. (REKR)
CIK:        0001697851
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001193125-24-030172
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rekor Systems raises ~$22.9M in 10M share offering at $2.50; prelim Q4 rev $10.6-11.1M
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- Priced 10M shares at $2.50, net proceeds ~$22.9M after underwriting discounts and expenses.
- Preliminary Q4 2023 revenue $10.6-11.1M; FY2023 revenue $34.5-35.0M (unaudited).
- Underwriters granted 30-day option to purchase up to 1.5M additional shares.
- William Blair sole book-runner; Northland Capital Markets lead manager.
- Offering closed on Feb 9, 2024; registered under effective S-3 shelf (333-259447).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697851/000119312524030172/0001193125-24-030172-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697851/000119312524030172/d739841d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-030172

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer