Rekor Systems cancels $20M optional advance under Pre-Paid Advance Agreement with Yorkville

Rekor Systems, Inc.

Amendment dated Oct 22, 2024 eliminates the $20M second pre-paid advance option from the PPA.
Company retains the $15M advance received in August 2024; all other PPA terms unchanged.
Mutually agreed by Rekor and YA II PN, Ltd., an affiliate of Yorkville Advisors Global.

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