Rekor Systems Files 8-K
Ticker: REKR · Form: 8-K · Filed: Jan 6, 2025 · CIK: 1697851
| Field | Detail |
|---|---|
| Company | Rekor Systems, Inc. (REKR) |
| Form Type | 8-K |
| Filed Date | Jan 6, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $15,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 8-K, filing, corporate-update
TL;DR
Rekor Systems filed an 8-K on Jan 6, 2025. Details TBD.
AI Summary
Rekor Systems, Inc. filed an 8-K on January 6, 2025, to report other events and financial statements. The company, formerly Novume Solutions, Inc., is incorporated in Delaware and headquartered in Columbia, MD. This filing does not contain specific financial figures or details about the 'other events' mentioned.
Why It Matters
This 8-K filing indicates Rekor Systems is reporting significant events or financial updates to the SEC, which could impact investor understanding of the company's current status.
Risk Assessment
Risk Level: low — The filing is a standard 8-K for 'Other Events' and financial statements, lacking specific details that would immediately indicate high risk.
Key Players & Entities
- Rekor Systems, Inc. (company) — Registrant
- Novume Solutions, Inc. (company) — Former company name
- January 6, 2025 (date) — Date of earliest event reported
- Columbia, MD (location) — Principal Executive Offices
FAQ
What specific 'Other Events' are being reported by Rekor Systems in this 8-K filing?
The filing does not specify the nature of the 'Other Events' beyond listing it as an item information category.
When was Rekor Systems, Inc. formerly known as Novume Solutions, Inc.?
The date of the name change from Novume Solutions, Inc. to Rekor Systems, Inc. was February 10, 2017.
Where are Rekor Systems, Inc.'s principal executive offices located?
Rekor Systems, Inc.'s principal executive offices are located at 6721 Columbia Gateway Drive, Suite 400, Columbia, MD 21046.
What is the SEC file number for Rekor Systems, Inc.?
The SEC file number for Rekor Systems, Inc. is 001-38338.
What is the SIC code listed for Rekor Systems, Inc.?
The Standard Industrial Classification (SIC) code listed for Rekor Systems, Inc. is 3669, which corresponds to COMMUNICATIONS EQUIPMENT, NEC.
Filing Stats: 511 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2025-01-06 07:30:15
Key Financial Figures
- $0.0001 — e on which registered Common Stock, $0.0001 par value per share REKR The Nasdaq
- $15,000,000 — ed to the Company a pre-paid advance of $15,000,000 (the "Pre-Paid Advance"). On January 6,
Filing Documents
- rekr20250103_8k.htm (8-K) — 27KB
- ex_762068.htm (EX-99.1) — 7KB
- logo.jpg (GRAPHIC) — 5KB
- 0001437749-25-000371.txt ( ) — 176KB
- rekr-20250106.xsd (EX-101.SCH) — 3KB
- rekr-20250106_def.xml (EX-101.DEF) — 12KB
- rekr-20250106_lab.xml (EX-101.LAB) — 15KB
- rekr-20250106_pre.xml (EX-101.PRE) — 12KB
- rekr20250103_8k_htm.xml (XML) — 3KB
01
Item 8.01 Other Events. Completion of Pre-Paid Advance Agreement As previously reported by Current Reports on Form 8-K filed on August 14, 2024 and October 22, 2024, Rekor Systems, Inc. (the "Company") entered into a Pre-Paid Advance Agreement, as amended by Amendment No. 1 to the Pre-Paid Advance Agreement (the "PPA"), with YA II PN, Ltd., a Cayman Islands exempt limited company (the "Investor"), an affiliate of Yorkville Advisors Global, LP. In accordance with the terms of the PPA, the Investor advanced to the Company a pre-paid advance of $15,000,000 (the "Pre-Paid Advance"). On January 6, 2025, the Company issued a press release announcing that as of December 31, 2024, repayment of the Pre-Paid Advance has been satisfied in-full in accordance with the terms of the PPA. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. REKOR SYSTEMS, INC. Date: January 6, 2025 /s/ Eyal Hen Name: Eyal Hen Title: Chief Financial Officer