{"schema_version":"secwatch.filing_event.v1","accession":"0001654954-23-000648","form_type":"8-K","ticker":"REKR","cik":"0001697851","company_name":"Rekor Systems, Inc.","filed_at":"2023-01-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.181559+00:00","generated_at":"2026-06-20T11:51:32.410808+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Rekor Systems closes $12.5M private placement of senior secured notes with warrants","bullets":["Initial closing of up to $15M private placement; $12.5M funded Jan 18, 2023 at 12% interest, matures July 2025.","Issued warrants to purchase 6.25M shares at $2.00, 5-year term; up to 1.25M additional warrants on further $2.5M tranche.","CEO Robert Berman invested $2M; existing 10.3% holder Arctis invested $6.5M; Arctis gets board designation right.","Proceeds to fund public safety, urban mobility, and transportation management growth; discussions with large strategic investors ongoing."],"urls":{"canonical":"https://secwatch.observer/filing/0001654954-23-000648","json":"https://secwatch.observer/filing/0001654954-23-000648.json","markdown":"https://secwatch.observer/filing/0001654954-23-000648.md","text":"https://secwatch.observer/filing/0001654954-23-000648.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1697851/000165495423000648/0001654954-23-000648-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1697851/000165495423000648/rekr_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T11:51:32.410808+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6f79c0749dcd025cd665b06b7bc4ab4df39996c5","claim":"Rekor Systems, Inc. incurred senior notes of $12,500,000 in aggregate principal amount of Notes with certain accredited investor at 12% per annum maturing July 18, 2025.","evidence_excerpt":"In connection with the initial closing on January 18, 2023, the Company issued $12,500,000 in aggregate principal amount of Notes","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1697851/000165495423000648/0001654954-23-000648-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$12,500,000 in aggregate principal amount of Notes"},{"label":"Counterparty","value":"certain accredited investor"},{"label":"Rate","value":"12% per annum"},{"label":"Maturity","value":"July 18, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"d437ecb55ced03109ce2de3cb8d754f05728a759","claim":"Rekor Systems, Inc. entered into Securities Purchase Agreement with certain accredited investors valued at up to $15,000,000 in aggregate principal amount of senior secured promissory notes (effective 2023-01-18).","evidence_excerpt":"On January 18, 2023, Rekor Systems, Inc. (the “ Company ”) entered into a Securities Purchase Agreement (the “ Securities Purchase Agreement ”) with certain accredited investor (the “ Investors ”), pursuant to which the Company agreed to issue and sell to the Investors in a private placement transaction (the “ Private Placement ”) (i) up to $15,000,000 in aggregate principal amount of senior secured promissory notes (the “ Notes ”), and (ii) warrants (the “ Warrants ”) to purchase up to an aggregate of 7,500,000 shares of common stock of the Company, par value $0.0001 per share (“ Common Stock ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1697851/000165495423000648/0001654954-23-000648-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain accredited investors"},{"label":"Value","value":"up to $15,000,000 in aggregate principal amount of senior secured promissory notes"},{"label":"Effective","value":"2023-01-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}