M&A - Rekor Systems, Inc.

Form Type: 10-K

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: Update

Accession Number: 000143774925010193

Filing Summary: Rekor Systems, Inc. continued to manage its acquisition-related warrants and issuance of common stock during the reporting period. The company had issued various warrants linked to different acquisitions and offerings, most notably in association with the acquisition of Firestorm and Secure Education Consultants, which included warrants originally issued in 2017 and their respective cancellations due to litigation settlements. Recent activities include issuing approximately 6.25 million and 2.85 million shares worth of common stock in 2023, tied to the 2023 Promissory Notes and the 2023 Letter Agreement respectively. As of March 2025, Rekor reported approximately 110.9 million shares of common stock outstanding, indicating its efforts towards equity management and financing under respective agreements and market conditions.

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