secwatch.observer — SEC 8-K summary
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Issuer:     Rekor Systems, Inc. (REKR)
CIK:        0001697851
Form:       8-K
Filed at:   2021-08-19T23:59:59+00:00
Accession:  0001654954-21-009231
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697851/000165495421009231/0001654954-21-009231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697851/000165495421009231/rekr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-21-009231

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