Rekor Announces Closing of Senior Secured Notes Financing
Rekor Systems, Inc. (REKR)
Company Research
Source: Accesswire
Company Solidifies Cash Position To Accelerate Business Growth and Technology DevelopmentDiscussions continue with several large multinational strategic investorsCOLUMBIA, MD / ACCESSWIRE / January 23, 2023 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide insights that build safer, smarter, and greener cities through intelligent infrastructure, today announced the initial closing of its previously announced private placement of Senior Secured Notes (the "Notes") in the aggregate principal amount of up to $15 million. This financing was led by the Company's Chairman and CEO, Robert A. Berman, with participation from other new and existing investors. An aggregate of $12.5 million, before expenses, was funded at the initial closing on January 18, 2023. Upon request made by the Company within six months of the initial closing, up to an additional $2.5 million may be funded at the option of Investors. Proceeds from the
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News
- Rekor Systems: Risk-Reward Unattractive Due To Potential Liquidity Risk [Seeking Alpha]Seeking Alpha
- Rekor Systems Full Year 2023 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Rekor Systems, Inc. (NASDAQ: REKR) had its "outperform" rating re-affirmed by analysts at William Blair.MarketBeat
- Rekor Systems, Inc. (NASDAQ:REKR) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Rekor Systems Showcases Exceptional Year-over-Year Growth and Strategic Milestones in 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
REKR
Earnings
- 11/14/23 - Miss
REKR
Sec Filings
- 3/25/24 - Form DEF
- 3/25/24 - Form 10-K
- 3/25/24 - Form 8-K
- REKR's page on the SEC website