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0.000507872016251849 -0.0045708481462672 -0.00203148806500762 0.000507872016251849 0.000152361604875555 -0.0353986795327578 -0.0553580497714576 -0.0506348400203148
Stock impact report

Rekor Systems Fully Satisfies Outstanding Balance from Yorkville Advisors

Rekor Systems, Inc. (REKR) 
Company Research Source: GlobeNewswire
COLUMBIA, Md., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ: REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, announced today that, as of December 31, 2024, it has fully satisfied the outstanding balance of $15 million under its August 2024 Prepaid Advance Agreement with an affiliate of Yorkville Advisors Global. Eyal Hen, Rekor's Chief Financial Officer, commented, "This prepayment underscores our dedication to prudent financial management and shareholder value creation. By eliminating this obligation early, we have enhanced our balance sheet flexibility. This positions Rekor to better capitalize on strategic growth initiatives while maintaining a disciplined approach to capital allocation. We thank Yorkville for its partnership and appreciate its support in satisfying the Prepaid Advance Agreement ahead of schedule." About Rekor Systems, Inc.Rekor Systems, Inc. (NASDAQ: REKR) is a leader in developing and implemen Show less Read more
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