Core Viewpoint - Rekor Systems, Inc. has successfully closed an underwritten registered direct offering of 8,571,428 units at a price of $1.75 per unit, raising approximately $15 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - Each unit in the offering consists of one share of common stock and a warrant to purchase one additional share at an exercise price of $2.40, with warrants immediately exercisable and expiring seven years from issuance [1]. - The offering was managed solely by William Blair, with participation from one institutional investor [2]. Group 2: Use of Proceeds - The net proceeds from the offering are intended for working capital, capital expenditures, and general corporate purposes [2]. Group 3: Company Overview - Rekor Systems, Inc. specializes in roadway intelligence technology, utilizing AI-enabled computer vision and machine learning to collect and analyze mobility data [5]. - The company aims to create a digitally-enabled operating system for roadways, providing actionable insights for governments and businesses to enhance safety, efficiency, and environmental sustainability [5].