---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-24-008236"
form_type: "8-K"
ticker: "REKR"
cik: "0001697851"
company_name: "Rekor Systems, Inc."
filed_at: "2024-06-26T23:59:59+00:00"
generated_at: "2026-06-01T01:38:25.583759+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Rekor receives $5.1M from warrant exercise by related-party holders, issues 3.675M shares

## Summary
- Gross proceeds of $5.145M from exercise of January 2023 warrants at reduced exercise price of $1.40/share.
- Exercise price reduced 40% from $2.00 to $1.40; shares issuable reduced from 5.25M to 3.675M.
- Related-party holders: Avon (affiliated with Exec Chairman Berman) receives 700k shares; Arctis (board member Mehta) receives 2.275M shares.
- Company received payment for 1.4M shares; expects remaining ~$3.185M by July 1, 2024.
- Registration statement for resale of warrant shares to be filed within 30 days.

## SEC filing metadata
- accession: 0001654954-24-008236
- form_type: 8-K
- ticker: REKR
- cik: 0001697851
- company_name: Rekor Systems, Inc.
- filed_at: 2024-06-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1697851/000165495424008236/0001654954-24-008236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1697851/000165495424008236/rekr_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-24-008236
- JSON: https://secwatch.observer/filing/0001654954-24-008236.json
- Plain text: https://secwatch.observer/filing/0001654954-24-008236.txt

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