Rekor Systems (REKR) Announces Proposed Public Offering of Common Stock

Rekor Systems, Inc. (NASDAQ: REKR) ("Rekor" or the "Company"), a Maryland-based company providing real-time roadway, customer and public safety intelligence to enable AI-driven decisions, today announced that it has commenced a proposed underwritten public offering of common stock of the Company. In addition, Rekor expects to grant the underwriters of the offering a 30-day option to purchase additional shares of common stock at the public offering price, less underwriting discounts and commissions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

B. Riley Securities, Inc. and Lake Street Capital Markets, LLC, are acting as joint book-running managers, and Northland Securities, Inc. is acting as co-manager for this offering. The Company currently intends to use the net proceeds of this offering for general corporate purposes, including working capital, operating expenses and capital expenditures. The Company may also use a portion of the net proceeds for acquisitions or strategic investments in complementary businesses, products, services or technologies, including companies that might benefit from the use of Rekor technology.

You May Also Be Interested In

• AES prices $1 billion senior notes offering with 2029 and 2033 maturities
• Humacyte prices $50 million stock offering at $1.05 per share
• Humacyte announces public offering of common stock