---
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"
generated_at: "2026-06-20T11:51:32.410808+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rekor Systems closes $12.5M private placement of senior secured notes with warrants

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-000648
- JSON: https://secwatch.observer/filing/0001654954-23-000648.json
- Plain text: https://secwatch.observer/filing/0001654954-23-000648.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $12,500,000 in aggregate principal amount of Notes
  - Counterparty: certain accredited investor
  - Rate: 12% per annum
  - Maturity: July 18, 2025
  - Event: incurrence
  source text: In connection with the initial closing on January 18, 2023, the Company issued $12,500,000 in aggregate principal amount of Notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495423000648/0001654954-23-000648-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited investors
  - Value: up to $15,000,000 in aggregate principal amount of senior secured promissory notes
  - Effective: 2023-01-18
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495423000648/0001654954-23-000648-index.htm

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