[8-K] Rekor Systems, Inc. Reports Material Event
On August 12, 2025, Rekor Systems, Inc. elected to voluntarily terminate its At Market Issuance Sales Agreement dated February 10, 2025 with Northland Securities, Inc. Under that Sales Agreement the Company sold 18,888,832 shares of common stock for an aggregate offering price of approximately $23.3 million. The filing states the Sales Agreement is attached as Exhibit 1.1 and is incorporated by reference. The termination means the Company will no longer sell shares under that specific at鈥憈he鈥憁arket facility; the report provides no explanation for the termination or details about alternative financing arrangements.
Il 12 agosto 2025 Rekor Systems, Inc. ha deciso di interrompere volontariamente l'accordo di vendita 'at鈥憈he鈥憁arket' del 10 febbraio 2025 con Northland Securities, Inc. In base a quell'accordo la Societ脿 ha venduto 18.888.832 azioni ordinarie per un controvalore complessivo di circa $23,3 milioni. Nel deposito 猫 indicato che l'Accordo di Vendita 猫 allegato come Exhibt 1.1 e viene incorporato per riferimento. La risoluzione implica che la Societ脿 non vender脿 pi霉 azioni tramite quella specifica facility "at鈥憈he鈥憁arket"; il rapporto non fornisce spiegazioni sulla cessazione n茅 dettagli su eventuali soluzioni alternative di finanziamento.
El 12 de agosto de 2025, Rekor Systems, Inc. opt贸 por rescindir voluntariamente su Acuerdo de Venta 'at鈥憈he鈥憁arket' fechado el 10 de febrero de 2025 con Northland Securities, Inc. Bajo ese acuerdo la Compa帽铆a vendi贸 18.888.832 acciones ordinarias por un precio agregado de aproximadamente $23,3 millones. La presentaci贸n indica que el Acuerdo de Venta se adjunta como Exhibit 1.1 y se incorpora por referencia. La terminaci贸n significa que la Compa帽铆a ya no vender谩 acciones bajo esa concreta facilidad 'at鈥憈he鈥憁arket'; el informe no ofrece explicaci贸n sobre la rescisi贸n ni detalles sobre alternativas de financiaci贸n.
2025雲� 8鞗� 12鞚�, Rekor Systems, Inc.電� 2025雲� 2鞗� 10鞚检瀽 Northland Securities, Inc.鞕�鞚� 'at鈥憈he鈥憁arket' 氚滍枆 韺愲Г瓿勳暯鞚� 鞛愲皽鞝侅溂搿� 頃挫頃橁赴搿� 瓴办爼頄堨姷雼堧嫟. 頃措嫻 瓿勳暯鞐� 霐半澕 須岇偓電� 氤错喌欤� 18,888,832欤茧ゼ 齑� 鞎� $23.3 million鞐� 韺愲Г頄堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 頃措嫻 韺愲Г瓿勳暯鞚� Exhibit 1.1搿� 觳秬霅橃柎 彀胳“鞐� 鞚橅暣 韱淀暕霅橃柎 鞛堧嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞚措矆 頃挫搿� 須岇偓電� 頃措嫻 韸轨爼 'at鈥憈he鈥憁arket' 靹る箘毳� 韱淀暣 雿� 鞚挫儊 欤检嫕鞚� 韺愲Г頃橃 鞎婈矊 霅橂┌, 氤搓碃靹滊姅 頃挫 靷湢雮� 雽�觳� 鞛愱笀 臁半嫭 氚╈晥鞐� 雽�頃� 靹る獏鞚� 鞝滉车頃橃 鞎婌姷雼堧嫟.
Le 12 ao没t 2025, Rekor Systems, Inc. a d茅cid茅 de r茅silier volontairement son accord de vente 'at鈥憈he鈥憁arket' dat茅 du 10 f茅vrier 2025 avec Northland Securities, Inc. Dans le cadre de cet accord, la Soci茅t茅 a vendu 18 888 832 actions ordinaires pour un produit total d'environ $23,3 millions. Le d茅p么t indique que l'accord de vente est joint en tant qu'Exhibit 1.1 et y est incorpor茅 par r茅f茅rence. La r茅siliation signifie que la Soci茅t茅 ne vendra plus d'actions via cette facilit茅 'at鈥憈he鈥憁arket' sp茅cifique ; le rapport ne fournit ni explication sur la r茅siliation ni d茅tails concernant d'茅ventuelles solutions de financement alternatives.
Am 12. August 2025 hat Rekor Systems, Inc. beschlossen, seine Verkaufsvereinbarung 'at鈥憈he鈥憁arket' vom 10. Februar 2025 mit Northland Securities, Inc. freiwillig zu beenden. Unter dieser Vereinbarung hat das Unternehmen 18.888.832 Stammaktien zu einem Gesamterl枚s von rund $23,3 Millionen verkauft. In der Einreichung hei脽t es, die Verkaufsvereinbarung sei als Exhibit 1.1 beigef眉gt und werde durch Verweis einbezogen. Die Beendigung bedeutet, dass das Unternehmen unter dieser spezifischen 'at鈥憈he鈥憁arket'-Facility keine Aktien mehr verkaufen wird; der Bericht nennt weder Gr眉nde f眉r die Beendigung noch Angaben zu alternativen Finanzierungsregelungen.
- Raised approximately $23.3 million through share issuances under the Sales Agreement
- Completed sale of 18,888,832 shares, a clearly quantified financing activity disclosed in the filing
- Termination of the At Market Issuance Sales Agreement ends this specific mechanism for issuing shares and raising capital
- Issuance of 18,888,832 shares represents dilution to existing shareholders (as evidenced by the disclosed share sale)
Insights
TL;DR: Rekor closed its ATM program after raising about $23.3M via issuance of 18.9M shares; the disclosure is factual and routine.
The 8-K discloses a voluntary termination of an At Market Issuance Sales Agreement with Northland Securities and confirms that 18,888,832 shares were sold for roughly $23.3 million. This is a straightforward disclosure of a financing vehicle being terminated after material issuances; the filing does not provide explanations, timing of proceeds usage, or remaining capital needs. Impact is neutral absent other context.
TL;DR: The company formally ended a disclosed sales agreement; disclosure meets filing requirements but offers no rationale for the termination.
The Form 8-K documents only the voluntary termination and references the original Sales Agreement as Exhibit 1.1. It explicitly states the number of shares sold and the aggregate offering price. From a governance and disclosure standpoint the report is complete for this event but lacks management commentary or future plans regarding capital access.
Il 12 agosto 2025 Rekor Systems, Inc. ha deciso di interrompere volontariamente l'accordo di vendita 'at鈥憈he鈥憁arket' del 10 febbraio 2025 con Northland Securities, Inc. In base a quell'accordo la Societ脿 ha venduto 18.888.832 azioni ordinarie per un controvalore complessivo di circa $23,3 milioni. Nel deposito 猫 indicato che l'Accordo di Vendita 猫 allegato come Exhibt 1.1 e viene incorporato per riferimento. La risoluzione implica che la Societ脿 non vender脿 pi霉 azioni tramite quella specifica facility "at鈥憈he鈥憁arket"; il rapporto non fornisce spiegazioni sulla cessazione n茅 dettagli su eventuali soluzioni alternative di finanziamento.
El 12 de agosto de 2025, Rekor Systems, Inc. opt贸 por rescindir voluntariamente su Acuerdo de Venta 'at鈥憈he鈥憁arket' fechado el 10 de febrero de 2025 con Northland Securities, Inc. Bajo ese acuerdo la Compa帽铆a vendi贸 18.888.832 acciones ordinarias por un precio agregado de aproximadamente $23,3 millones. La presentaci贸n indica que el Acuerdo de Venta se adjunta como Exhibit 1.1 y se incorpora por referencia. La terminaci贸n significa que la Compa帽铆a ya no vender谩 acciones bajo esa concreta facilidad 'at鈥憈he鈥憁arket'; el informe no ofrece explicaci贸n sobre la rescisi贸n ni detalles sobre alternativas de financiaci贸n.
2025雲� 8鞗� 12鞚�, Rekor Systems, Inc.電� 2025雲� 2鞗� 10鞚检瀽 Northland Securities, Inc.鞕�鞚� 'at鈥憈he鈥憁arket' 氚滍枆 韺愲Г瓿勳暯鞚� 鞛愲皽鞝侅溂搿� 頃挫頃橁赴搿� 瓴办爼頄堨姷雼堧嫟. 頃措嫻 瓿勳暯鞐� 霐半澕 須岇偓電� 氤错喌欤� 18,888,832欤茧ゼ 齑� 鞎� $23.3 million鞐� 韺愲Г頄堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 頃措嫻 韺愲Г瓿勳暯鞚� Exhibit 1.1搿� 觳秬霅橃柎 彀胳“鞐� 鞚橅暣 韱淀暕霅橃柎 鞛堧嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 鞚措矆 頃挫搿� 須岇偓電� 頃措嫻 韸轨爼 'at鈥憈he鈥憁arket' 靹る箘毳� 韱淀暣 雿� 鞚挫儊 欤检嫕鞚� 韺愲Г頃橃 鞎婈矊 霅橂┌, 氤搓碃靹滊姅 頃挫 靷湢雮� 雽�觳� 鞛愱笀 臁半嫭 氚╈晥鞐� 雽�頃� 靹る獏鞚� 鞝滉车頃橃 鞎婌姷雼堧嫟.
Le 12 ao没t 2025, Rekor Systems, Inc. a d茅cid茅 de r茅silier volontairement son accord de vente 'at鈥憈he鈥憁arket' dat茅 du 10 f茅vrier 2025 avec Northland Securities, Inc. Dans le cadre de cet accord, la Soci茅t茅 a vendu 18 888 832 actions ordinaires pour un produit total d'environ $23,3 millions. Le d茅p么t indique que l'accord de vente est joint en tant qu'Exhibit 1.1 et y est incorpor茅 par r茅f茅rence. La r茅siliation signifie que la Soci茅t茅 ne vendra plus d'actions via cette facilit茅 'at鈥憈he鈥憁arket' sp茅cifique ; le rapport ne fournit ni explication sur la r茅siliation ni d茅tails concernant d'茅ventuelles solutions de financement alternatives.
Am 12. August 2025 hat Rekor Systems, Inc. beschlossen, seine Verkaufsvereinbarung 'at鈥憈he鈥憁arket' vom 10. Februar 2025 mit Northland Securities, Inc. freiwillig zu beenden. Unter dieser Vereinbarung hat das Unternehmen 18.888.832 Stammaktien zu einem Gesamterl枚s von rund $23,3 Millionen verkauft. In der Einreichung hei脽t es, die Verkaufsvereinbarung sei als Exhibit 1.1 beigef眉gt und werde durch Verweis einbezogen. Die Beendigung bedeutet, dass das Unternehmen unter dieser spezifischen 'at鈥憈he鈥憁arket'-Facility keine Aktien mehr verkaufen wird; der Bericht nennt weder Gr眉nde f眉r die Beendigung noch Angaben zu alternativen Finanzierungsregelungen.
FAQ
What did Rekor Systems (REKR) report in this 8-K?
How many shares did REKR sell under the terminated agreement?
How much capital did REKR raise under the Sales Agreement?
When was the Sales Agreement originally dated?
Does the 8-K explain why Rekor terminated the agreement?
