secwatch.observer — SEC 8-K summary
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Issuer:     Rekor Systems, Inc. (REKR)
CIK:        0001697851
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001654954-24-013194
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1697851/000165495424013194/0001654954-24-013194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1697851/000165495424013194/rekr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-013194

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer