secwatch.observer — SEC 8-K summary
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Issuer:     Rekor Systems, Inc. (REKR)
CIK:        0001697851
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0001193125-25-023132
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rekor Systems enters $25M at-the-market equity distribution agreement with Northland
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697851/000119312525023132/0001193125-25-023132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697851/000119312525023132/d848316d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-023132

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer