COLUMBIA, MD - Rekor Systems, Inc. (NASDAQ:REKR), a company specializing in roadway intelligence technology, has announced plans for a follow-on public offering of its common stock. The offering includes an option for underwriters to purchase an additional 15% of shares. William Blair will serve as the sole book-running manager, with Northland Capital Markets as the lead manager.
The shares will be offered under an existing shelf registration statement, which was filed with the U.S. Securities and Exchange Commission (SEC) on September 10, 2021, and became effective on September 23, 2021.
Rekor's technology leverages artificial intelligence, machine learning, and big data analytics to transform vast amounts of data into actionable roadway intelligence. The company's Rekor One® Roadway Intelligence Engine is a key component of its offerings, providing insights for government and business applications.
The information in this article is based on a press release.
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