secwatch.observer — SEC 8-K summary
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Issuer:     Rekor Systems, Inc. (REKR)
CIK:        0001697851
Form:       8-K
Filed at:   2025-12-16T23:59:59+00:00
Accession:  0001193125-25-320833
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697851/000119312525320833/0001193125-25-320833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697851/000119312525320833/d942810d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-320833

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