secwatch.observer — SEC 8-K summary
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Issuer:     Rekor Systems, Inc. (REKR)
CIK:        0001697851
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001654954-23-015628
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697851/000165495423015628/0001654954-23-015628-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697851/000165495423015628/rekr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-23-015628

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