Rekor Systems completes redemption of $12.5M senior secured notes; partial stock payment

Rekor Systems, Inc.

Redeemed all outstanding senior secured notes at 115% of $12.5M principal ($14.375M) plus $262,500 accrued interest.
Noteholders accepted $1.875M of redemption as 750,000 unregistered shares at $2.50/share; remainder paid in cash.
Redemption eliminates $12.5M of debt from the balance sheet.
Stock issued at $2.50 per share, representing a premium to recent trading price.

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