Rekor Systems enters $15M prepaid advance with Yorkville; potential additional $20M

Rekor Systems, Inc.

Initial advance of $15M; net proceeds ~$14.1M after 6% original issue discount.
Potential second advance of $20M within one year, subject to conditions.
Conversion price: lower of $2.50 or 93% of 5-day VWAP; floor $0.28 per share.
Matures August 28, 2025; 0% interest (18% on default).
Monthly conversion cap of $2.625M; 90-day standstill; no short sales permitted.

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