Rekor Systems closes full exercise of underwriters' option, raising $3.5M

Rekor Systems, Inc.

Sold additional 1.5M shares of common stock at $2.50/share upon full exercise of underwriters' option.
Net proceeds from option exercise ~$3.5M; aggregate net proceeds from offering ~$26.4M after deducting discounts and expenses.
The offering closed on February 13, 2024.
William Blair acted as sole book-running manager; Northland Capital Markets as lead manager.

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