[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‑the‑market 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‑the‑market' del 10 febbraio 2025 con Northland Securities, Inc. In base a quell'accordo la Società ha venduto 18.888.832 azioni ordinarie per un controvalore complessivo di circa $23,3 milioni. Nel deposito è indicato che l'Accordo di Vendita è allegato come Exhibt 1.1 e viene incorporato per riferimento. La risoluzione implica che la Società non venderà più azioni tramite quella specifica facility "at‑the‑market"; il rapporto non fornisce spiegazioni sulla cessazione né dettagli su eventuali soluzioni alternative di finanziamento.
El 12 de agosto de 2025, Rekor Systems, Inc. optó por rescindir voluntariamente su Acuerdo de Venta 'at‑the‑market' fechado el 10 de febrero de 2025 con Northland Securities, Inc. Bajo ese acuerdo la Compañía vendió 18.888.832 acciones ordinarias por un precio agregado de aproximadamente $23,3 millones. La presentación indica que el Acuerdo de Venta se adjunta como Exhibit 1.1 y se incorpora por referencia. La terminación significa que la Compañía ya no venderá acciones bajo esa concreta facilidad 'at‑the‑market'; el informe no ofrece explicación sobre la rescisión ni detalles sobre alternativas de financiación.
2025년 8월 12일, Rekor Systems, Inc.는 2025년 2월 10일자 Northland Securities, Inc.와의 'at‑the‑market' 발행 판매계약을 자발적으로 해지하기로 결정했습니다. 해당 계약에 따라 회사는 보통주 18,888,832주를 총 약 $23.3 million에 판매했습니다. 제출서류에는 해당 판매계약이 Exhibit 1.1로 첨부되어 참조에 의해 통합되어 있다고 기재되어 있습니다. 이번 해지로 회사는 해당 특정 'at‑the‑market' 설비를 통해 더 이상 주식을 판매하지 않게 되며, 보고서는 해지 사유나 대체 자금 조달 방안에 대한 설명을 제공하지 않습니다.
Le 12 août 2025, Rekor Systems, Inc. a décidé de résilier volontairement son accord de vente 'at‑the‑market' daté du 10 février 2025 avec Northland Securities, Inc. Dans le cadre de cet accord, la Société a vendu 18 888 832 actions ordinaires pour un produit total d'environ $23,3 millions. Le dépôt indique que l'accord de vente est joint en tant qu'Exhibit 1.1 et y est incorporé par référence. La résiliation signifie que la Société ne vendra plus d'actions via cette facilité 'at‑the‑market' spécifique ; le rapport ne fournit ni explication sur la résiliation ni détails concernant d'éventuelles solutions de financement alternatives.
Am 12. August 2025 hat Rekor Systems, Inc. beschlossen, seine Verkaufsvereinbarung 'at‑the‑market' vom 10. Februar 2025 mit Northland Securities, Inc. freiwillig zu beenden. Unter dieser Vereinbarung hat das Unternehmen 18.888.832 Stammaktien zu einem Gesamterlös von rund $23,3 Millionen verkauft. In der Einreichung heißt es, die Verkaufsvereinbarung sei als Exhibit 1.1 beigefügt und werde durch Verweis einbezogen. Die Beendigung bedeutet, dass das Unternehmen unter dieser spezifischen 'at‑the‑market'-Facility keine Aktien mehr verkaufen wird; der Bericht nennt weder Gründe für 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‑the‑market' del 10 febbraio 2025 con Northland Securities, Inc. In base a quell'accordo la Società ha venduto 18.888.832 azioni ordinarie per un controvalore complessivo di circa $23,3 milioni. Nel deposito è indicato che l'Accordo di Vendita è allegato come Exhibt 1.1 e viene incorporato per riferimento. La risoluzione implica che la Società non venderà più azioni tramite quella specifica facility "at‑the‑market"; il rapporto non fornisce spiegazioni sulla cessazione né dettagli su eventuali soluzioni alternative di finanziamento.
El 12 de agosto de 2025, Rekor Systems, Inc. optó por rescindir voluntariamente su Acuerdo de Venta 'at‑the‑market' fechado el 10 de febrero de 2025 con Northland Securities, Inc. Bajo ese acuerdo la Compañía vendió 18.888.832 acciones ordinarias por un precio agregado de aproximadamente $23,3 millones. La presentación indica que el Acuerdo de Venta se adjunta como Exhibit 1.1 y se incorpora por referencia. La terminación significa que la Compañía ya no venderá acciones bajo esa concreta facilidad 'at‑the‑market'; el informe no ofrece explicación sobre la rescisión ni detalles sobre alternativas de financiación.
2025년 8월 12일, Rekor Systems, Inc.는 2025년 2월 10일자 Northland Securities, Inc.와의 'at‑the‑market' 발행 판매계약을 자발적으로 해지하기로 결정했습니다. 해당 계약에 따라 회사는 보통주 18,888,832주를 총 약 $23.3 million에 판매했습니다. 제출서류에는 해당 판매계약이 Exhibit 1.1로 첨부되어 참조에 의해 통합되어 있다고 기재되어 있습니다. 이번 해지로 회사는 해당 특정 'at‑the‑market' 설비를 통해 더 이상 주식을 판매하지 않게 되며, 보고서는 해지 사유나 대체 자금 조달 방안에 대한 설명을 제공하지 않습니다.
Le 12 août 2025, Rekor Systems, Inc. a décidé de résilier volontairement son accord de vente 'at‑the‑market' daté du 10 février 2025 avec Northland Securities, Inc. Dans le cadre de cet accord, la Société a vendu 18 888 832 actions ordinaires pour un produit total d'environ $23,3 millions. Le dépôt indique que l'accord de vente est joint en tant qu'Exhibit 1.1 et y est incorporé par référence. La résiliation signifie que la Société ne vendra plus d'actions via cette facilité 'at‑the‑market' spécifique ; le rapport ne fournit ni explication sur la résiliation ni détails concernant d'éventuelles solutions de financement alternatives.
Am 12. August 2025 hat Rekor Systems, Inc. beschlossen, seine Verkaufsvereinbarung 'at‑the‑market' vom 10. Februar 2025 mit Northland Securities, Inc. freiwillig zu beenden. Unter dieser Vereinbarung hat das Unternehmen 18.888.832 Stammaktien zu einem Gesamterlös von rund $23,3 Millionen verkauft. In der Einreichung heißt es, die Verkaufsvereinbarung sei als Exhibit 1.1 beigefügt und werde durch Verweis einbezogen. Die Beendigung bedeutet, dass das Unternehmen unter dieser spezifischen 'at‑the‑market'-Facility keine Aktien mehr verkaufen wird; der Bericht nennt weder Gründe für 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?
