secwatch.observer — SEC 8-K summary
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Issuer:     Rekor Systems, Inc. (REKR)
CIK:        0001697851
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001193125-24-033883
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697851/000119312524033883/0001193125-24-033883-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697851/000119312524033883/d779171d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-033883

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