---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-200632"
form_type: "8-K"
ticker: "REKR"
cik: "0001697851"
company_name: "Rekor Systems, Inc."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:22:01.349737+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-200632
- form_type: 8-K
- ticker: REKR
- cik: 0001697851
- company_name: Rekor Systems, Inc.
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1697851/000119312524200632/0001193125-24-200632-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1697851/000119312524200632/d883273d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-200632
- JSON: https://secwatch.observer/filing/0001193125-24-200632.json
- Plain text: https://secwatch.observer/filing/0001193125-24-200632.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.