other material
confidence high
sentiment neutral
materiality 0.50
Rekor Systems enters $25M at-the-market equity distribution agreement with Northland
Rekor Systems, Inc.
- Rekor entered an ATM sales agreement with Northland Securities to sell up to $25M of common stock.
- Northland will receive 3% commission on agency sales and 6% on principal purchases.
- Principal purchases limited to $15M total, with weekly cap of $2M and no consecutive day requests.
- Sales agreement has 18-month term for principal transactions and 24-month for agency transactions.