---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-000099"
form_type: "8-K"
ticker: "REKR"
cik: "0001697851"
company_name: "Rekor Systems, Inc."
filed_at: "2024-01-03T23:59:59+00:00"
generated_at: "2026-06-07T04:44:04.639909+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rekor acquires ATD for ~$19M; ATD FY2023 rev ~$9.5M, EBITDA ~$3M

## Summary
- Acquisition of All Traffic Data Services for ~$19M ($9M cash + ~3.5M shares at $2.86/share).
- ATD expected FY2023 revenue of ~$9.5M and EBITDA of ~$3M; adds 41 employees across 14 states.
- Geographic expansion into western US; follows 2022 acquisition of Southern Traffic Services.
- Drew Meyers (Seaport Capital partner) appointed to board; Seller gets board nomination right.
- Company to host investor call Jan 9, 2024 to discuss acquisition.

## SEC filing metadata
- accession: 0001654954-24-000099
- form_type: 8-K
- ticker: REKR
- cik: 0001697851
- company_name: Rekor Systems, Inc.
- filed_at: 2024-01-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1697851/000165495424000099/0001654954-24-000099-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1697851/000165495424000099/rekr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-000099
- JSON: https://secwatch.observer/filing/0001654954-24-000099.json
- Plain text: https://secwatch.observer/filing/0001654954-24-000099.txt

## Key facts
- Executive change
  Andrew (Drew) Meyers was appointed as Director at Rekor Systems, Inc..
  - Action: appointed
  - Role: Director
  source text: On January 2, 2024, at the designation of Seller, the Board appointed Andrew (Drew) Meyers as a member of the Board, with such appointment to take effect immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495424000099/0001654954-24-000099-index.htm
- M&A Transactions
  Rekor Systems, Inc. completed an acquisition involving All Traffic Data Services, LLC (ATD) / All Traffic Holdings, LLC (Seller) for approximately $19.0 million (closed 2024-01-02).
  - Action: acquisition
  - Counterparty: All Traffic Data Services, LLC (ATD) / All Traffic Holdings, LLC (Seller)
  - Consideration: approximately $19.0 million
  - Closing: 2024-01-02
  source text: all of the issued and outstanding limited liability company interests of ATD (the “ATD Acquisition”). The aggregate purchase price for the interests of ATD was approximately $19.0 million, subject to a customary working capital adjustment. The purchase price comprises approximately $9.0 million in cash and 3approximately 3.5 million unregistered shares of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495424000099/0001654954-24-000099-index.htm
- Material Agreements
  Rekor Systems, Inc. entered into Interest Purchase Agreement with All Traffic Holdings, LLC valued at approximately $19.0 million aggregate purchase price, comprising $9.0 million in cash and approximat (effective 2024-01-02).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: All Traffic Holdings, LLC
  - Value: approximately $19.0 million aggregate purchase price, comprising $9.0 million in cash and approximat
  - Effective: 2024-01-02
  source text: On January 2, 2024 (the "Closing Date"), Rekor Systems, Inc. (the "Company") acquired All Traffic Data Services, LLC, a Colorado limited liability company ("ATD"), pursuant to that certain Interest Purchase Agreement (the "Purchase Agreement"), dated as of the Closing Date, by and among the Company, ATD and All Traffic Holdings, LLC (the "Seller").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1697851/000165495424000099/0001654954-24-000099-index.htm

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