Rekor Systems Announces Pricing of $15.0 Million Underwritten Registered Direct Offering

Core Viewpoint - Rekor Systems, Inc. has announced a registered direct offering of 8,571,428 units at a price of $1.75 per unit, aiming to raise approximately $15 million in gross proceeds for working capital and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of one share of common stock and a warrant to purchase one share of common stock at an exercise price of $2.40, with warrants immediately exercisable and expiring in seven years [1]. - The offering is expected to close on or about December 16, 2025, pending customary closing conditions [1]. Group 2: Financial Implications - The gross proceeds from the offering are anticipated to be around $15 million before deducting underwriting discounts and commissions [2]. - The net proceeds will be utilized for working capital, capital expenditures, and general corporate purposes [2]. Group 3: Company Overview - Rekor Systems, Inc. specializes in roadway intelligence systems using AI-enabled computer vision and machine learning, aiming to create a digitally-enabled operating system for roadways [5]. - The company aggregates and transforms vast amounts of mobility data into actionable insights, enhancing roadway safety, efficiency, and environmental sustainability [5].