---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-21-009231"
form_type: "8-K"
ticker: "REKR"
cik: "0001697851"
company_name: "Rekor Systems, Inc."
filed_at: "2021-08-19T23:59:59+00:00"
generated_at: "2026-06-29T08:57:26.305218+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Rekor completes acquisition of Waycare Technologies for ~$61M; appoints Noam Maital as Waycare CEO

## Summary
- Total consideration ~$61M: $40.7M cash + 2.8M shares of REKR (at $7.286/share) plus $5M in RSUs for employees.
- Waycare becomes wholly-owned subsidiary; acquisition closed August 18, 2021.
- Noam Maital (former Waycare CFO/co-founder) appointed CEO of Waycare with 3-year term, $300k base salary.
- Maital to receive 255,284 RSUs (valued ~$1.86M) vesting over three years starting August 18, 2022.

## SEC filing metadata
- accession: 0001654954-21-009231
- form_type: 8-K
- ticker: REKR
- cik: 0001697851
- company_name: Rekor Systems, Inc.
- filed_at: 2021-08-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1697851/000165495421009231/0001654954-21-009231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1697851/000165495421009231/rekr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-21-009231
- JSON: https://secwatch.observer/filing/0001654954-21-009231.json
- Plain text: https://secwatch.observer/filing/0001654954-21-009231.txt

## Key facts
- Executive change
  Noam Maital was appointed as Chief Executive Officer of Waycare at Rekor Systems, Inc..
  - Action: appointed
  - Role: Chief Executive Officer of Waycare
  source text: On August 18 2021, in connection with the closing of the acquisition of Waycare, the Company publicly announced the appointment of Noam Maital, age 34, to serve as Chief Executive Officer of Waycare, the Company’s wholly-owned subsidiary.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495421009231/0001654954-21-009231-index.htm

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