Rekor Systems closes $15M underwritten direct offering of 8.57M units at $1.75/unit with warrants at $2.40

Rekor Systems, Inc.

Net proceeds to Rekor expected ~$14M; used for working capital, capex, and general corporate purposes.
Each unit consists of one share of common stock and one warrant to buy a share at $2.40; warrants expire Dec 2032.
Sole book-runner William Blair; single institutional investor (Anson) participated in the offering.
Side letter prohibits variable-rate transactions while warrants held and gives Anson participation rights for two years.
Executives, directors, and affiliates subject to 90-day lock-up on securities transactions without underwriter consent.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Rekor Systems, Inc. entered into Side Letter Agreement with Anson Advisors Inc. on behalf of Anson Investments Master Fund LP and Anson East Master Fund LP valued at Prohibition on Variable Rate Transactions while Investor holds any Warrants; Investor participation (effective 2025-12-16).

Action: entry
Counterparty: Anson Advisors Inc. on behalf of Anson Investments Master Fund LP and Anson East Master Fund LP
Value: Prohibition on Variable Rate Transactions while Investor holds any Warrants; Investor participation
Effective: 2025-12-16

Exact text from the filing

In connection with the Offering, on December 16, 2025, the Company entered into a Side Letter Agreement (the "Side Letter") with Anson Advisors Inc., on behalf of Anson Investments Master Fund LP and Anson East Master Fund LP (collectively, the "Investor"), the sole purchaser in the Offering.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Rekor Systems, Inc. entered into Underwriting Agreement with William Blair & Company, L.L.C. valued at 8,571,428 units at $1.75 per unit (effective 2025-12-13).

Action: entry
Agreement: underwriting
Counterparty: William Blair & Company, L.L.C.
Value: 8,571,428 units at $1.75 per unit
Effective: 2025-12-13

Exact text from the filing

On December 13, 2025, Rekor Systems, Inc. (the "Company") entered into an underwriting agreement (the "Underwriting Agreement") with William Blair & Company, L.L.C., as representative of the several underwriters named therein, relating to an underwritten registered direct offering to a single institutional investor (the "Offering") of 8,571,428 units (the "Units"), with each Unit consisting of (i) one share of the Company's common stock, par value $0.0001 per share (the "Common Stock"), and (ii) one warrant (each, a "Warrant") to purchase one share of Common Stock.

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243 material agreements filed in the last 30 days. Browse all material agreements →

Rekor Systems, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-320833

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