---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-23-015628"
form_type: "8-K"
ticker: "REKR"
cik: "0001697851"
company_name: "Rekor Systems, Inc."
filed_at: "2023-12-15T23:59:59+00:00"
generated_at: "2026-06-07T11:58:25.165803+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Rekor closes $15M public offering of 13.25% Series A Notes due 2026

## Summary
- $15M aggregate principal of 13.25% Series A Prime Revenue Sharing Notes due Dec 15, 2026.
- Notes secured by Revenue Account from prime contracts with investment-grade obligors (five AAA/AA+ rated states).
- Interest accrues at 13.25% per annum, payable monthly beginning Jan 15, 2024.
- Notes rank effectively senior to existing and future secured/unsecured debt with respect to the Revenue Account.
- Optional redemption allowed only after Dec 15, 2024; change of control triggers repurchase at 100%.

## SEC filing metadata
- accession: 0001654954-23-015628
- form_type: 8-K
- ticker: REKR
- cik: 0001697851
- company_name: Rekor Systems, Inc.
- filed_at: 2023-12-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1697851/000165495423015628/0001654954-23-015628-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1697851/000165495423015628/rekr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-23-015628
- JSON: https://secwatch.observer/filing/0001654954-23-015628.json
- Plain text: https://secwatch.observer/filing/0001654954-23-015628.txt

## Key facts
- Debt Financings
  Rekor Systems, Inc. incurred senior notes of $15 million with Argent Institutional Trust Company at 13.25% per annum maturing December 15, 2026.
  - Instrument: senior notes
  - Principal: $15 million
  - Counterparty: Argent Institutional Trust Company
  - Rate: 13.25% per annum
  - Maturity: December 15, 2026
  - Event: incurrence
  source text: On December 15, 2023, the Company closed the registered public offering of $15 million in aggregate principal amount of its 13.25% Series A Prime Revenue Sharing Notes due December 15, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495423015628/0001654954-23-015628-index.htm

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