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Rekor Systems Inc - REKR STOCK NEWS

Welcome to our dedicated news page for Rekor Systems (Ticker: REKR), a resource for investors and traders seeking the latest updates and insights on Rekor Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Rekor Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Rekor Systems's position in the market.

Rhea-AI Summary
Rekor Systems, Inc. (REKR) announces the early redemption of all outstanding Senior Secured Notes, totaling $12.5 million, to strengthen its balance sheet and remove a first priority lien on assets. The redemption, funded partly by a recent public offering, includes $1.875 million in unregistered common shares. Rekor's CEO views this as a significant step to enhance shareholder value and financial flexibility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.17%
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none
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Rhea-AI Summary
Rekor Systems, Inc. (REKR) announced the completion of the sale of 1,500,000 shares of common stock at $2.50 per share, generating approximately $3.5 million in net proceeds. The offering, including the full exercise of the underwriters' option, totaled around $26.4 million. William Blair and Northland Capital Markets played key roles in the offering process.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
offering
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Rhea-AI Summary
Rekor Systems, Inc. (REKR) completes a public offering of 10,000,000 common shares at $2.50 per share, expecting to raise approximately $22.9 million. The underwriters have an option to purchase an additional 1,500,000 shares. William Blair and Northland Capital Markets played key roles in the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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offering
Rhea-AI Summary
Rekor Systems, Inc. announced the pricing of its underwritten public offering of 10,000,000 shares of its common stock at $2.50 per share. The offering is expected to close soon, and the company aims to raise significant funds through this public offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.33%
Tags
offering
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Rhea-AI Summary
Rekor Systems, Inc. (Nasdaq:REKR) announced a proposed follow-on public offering of shares of its common stock, with the intention to grant the underwriters a 30-day option to purchase additional shares. The offering is subject to market conditions, and the securities are being offered pursuant to an effective shelf registration statement on Form S-3 filed with the SEC. William Blair is acting as the sole book-running manager for the proposed offering, and Northland Capital Markets is acting as the lead manager.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.33%
Tags
offering
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Rhea-AI Summary
Rekor Systems, Inc. (NASDAQ: REKR) has secured a pay-for-data agreement with the New Mexico Department of Transportation for the deployment of its cutting-edge Rekor Discover platform to conduct vehicle class, count, and speed data reporting for a phase one statewide deployment. The agreement follows the Company's standard MSRP pay-for-data pricing and will commence monthly payments as each system is brought online. The AI powering Rekor Discover was a critical factor in this partnership, as it can reliably capture traffic analytics in New Mexico's varied climate. Rekor's solution replaces traditional, outdated traffic analysis methods, providing highly accurate traffic data, and promoting transparency and effectiveness in the U.S. highway system.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
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none
Rhea-AI Summary
Rekor Systems, Inc. (NASDAQ:REKR) announced that its Traffic Services division, including the recently acquired All Traffic Data, secured a five-year traffic counting contract with Gwinnett County Georgia, Department of Transportation, with a total contract value of approximately $1 million. The acquisition of ATD adds portable traffic study work to Rekor's portfolio, complementing the Company's existing business with the Georgia Department of Transportation. This contract win marks the start of new revenue streams and data sources, with expectations of extensive revenue growth beyond Georgia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.31%
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none
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Rhea-AI Summary
Rekor Systems, Inc. (NASDAQ:REKR) announced securing three public safety and licensing contracts totaling approximately $3 million. PAVE Mobility, a parking technology company, licensed Rekor's Vehicle Recognition SDK for accurate license plate and vehicle recognition. The Mt. Juliet Police Department selected Rekor Scout for its Guardian Shield Program, and a prominent police department in Maryland also chose the Rekor Scout platform to enhance public safety in one of the state's most populous counties.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.16%
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none
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Rhea-AI Summary
Rekor Systems, Inc. (NASDAQ: REKR) announced a multiyear contract with the Philadelphia Industrial Development Corporation (PIDC) to expand their partnership in implementing state-of-the-art roadway intelligence technology. The partnership aims to analyze traffic patterns and gain critical insights within the 1,200-acre Navy Yard campus. PIDC selected Rekor for its AI expertise and commitment to creating more innovative, safer cities through roadway intelligence. The project has enabled PIDC to recover costs associated with property damage, prepare for events, proactively manage road maintenance, efficiently deploy resources, strategically plan future electric vehicle (EV) charge station deployments, and keep citizens safer on property. This milestone marks the evolution of the partnership from a pilot to a formal revenue-generating program, reinforcing the positive impact of Rekor's technology on urban environments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.5%
Tags
partnership
Rhea-AI Summary
Rekor Systems, Inc. (NASDAQ:REKR) announced its 2024 Annual Meeting of Stockholders to be held on April 18, 2024. The company will also host an Investor and Analyst Meeting, offering insight into its vision for roadway intelligence. The record date for stockholders has been set as February 21, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.15%
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none
Rekor Systems Inc

Nasdaq:REKR

REKR Rankings

REKR Stock Data

198.35M
50.89M
7.12%
46.66%
14.71%
Payroll Services
Professional, Scientific, and Technical Services
Link
US
Columbia

About REKR

rekor systems, inc., through its subsidiaries, provides vehicle identification and management systems based on artificial intelligence in the united states, canada, and internationally. the company operates in two segments, technology and professional services. it offers openalpr software, a vehicle recognition software. the company provides vehicle recognition and data management products and services; traffic safety systems, including hardware that identifies red light and school safety zone traffic violations, as well as software, which captures and offers forensic quality images and data, and supports citation management services; and enterprise parking enforcement solutions. it also offers government contracting support services, such as market intelligence and opportunity identification, capture and strategic advisory, proposal strategy and development, teaming support, and managed human capital. in addition, the company provides specialty staffing services, including specialized