Rekor Systems closes $15M registered offering of 13.25% revenue sharing notes due 2026

Rekor Systems, Inc.

Completed sale of $15M aggregate principal of 13.25% Series A Prime Revenue Sharing Notes due Dec 15, 2026.
Notes are secured under an Indenture pledging revenues from investment-grade prime customer contracts.
Proceeds to fund expansion and working capital; CEO says mechanism reduces reliance on equity financing.
Additional series may be issued; aggregate principal cannot exceed 50% of 3-year estimated revenue from pool.
Special investor conference call scheduled for Dec 14, 2023 at 9:00 AM ET.

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