Rekor Systems, Inc. announced the pricing of an underwritten registered direct offering of 8,571,428 units at a public offering price of $1.75 per unit.
The offering is expected to close on or about December 16, 2025, subject to customary closing conditions, with gross proceeds expected to be approximately $15 million.
Net proceeds from the offering will be used for working capital, capital expenditures, and general corporate purposes.
Offering Details
8,571,428 units at $1.75 per unit with each comprising a share of common stock and a warrant.
Gross Proceeds
Approximately $15 million expected, before deducting underwriting expenses.
Use of Proceeds
Intended for working capital, capital expenditures, and general corporate purposes.
Book-running Manager
William Blair is the sole book-running manager for the offering.
Registration Statement
Offered under an effective shelf registration statement on Form S-3, filed with the SEC.
- Rekor intends to enhance its working capital and fund capital expenditures through the offering.
- The participation of one institutional investor highlights external confidence in Rekor's future prospects.
Rekor's successful underwritten registered direct offering reflects investor interest in the company's AI-enabled roadway intelligence systems and digital infrastructure technologies.