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
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News
- Rekor Unveils Industry's First AI-Powered Traffic Incident Priority Ranking in Rekor Command™ Platform for Faster Emergency Response and Roadway Safety. [Yahoo! Finance]Yahoo! Finance
- Rekor Unveils Industry's First AI-Powered Traffic Incident Priority Ranking in Rekor Command™ Platform for Faster Emergency Response and Roadway Safety.GlobeNewswire
- New Mexico Department of Transportation Expands Use of Rekor Discover™ Through Pay-for-Data Distribution ModelGlobeNewswire
- Investors in Rekor Systems (NASDAQ:REKR) from three years ago are still down 80%, even after 58% gain this past week [Yahoo! Finance]Yahoo! Finance
- News Flash: 2 Analysts Think Rekor Systems, Inc. (NASDAQ:REKR) Earnings Are Under Threat [Yahoo! Finance]Yahoo! Finance
REKR
Earnings
- 11/14/24 - Miss
REKR
Sec Filings
- 1/6/25 - Form 8-K
- 1/3/25 - Form 4
- 12/20/24 - Form 4
- REKR's page on the SEC website