2023 Promissory Notes Warrants
Issued 2023
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
REKR$0.334-0.54%
Rekor Systems, Inc.
Sector: Communications Equipment, NECIndustry: Software - ApplicationCountry: USExchange: Nasdaq
Mkt Cap:$45.97M
Float & O/S:
Inst Own:
DilutionScan read 30 of Rekor Systems, Inc.'s SEC filings and found 4 warrant series, 1 convertible, 1 ATM program, 1 equity line, 5 shelf registrations and 1 completed offering on file for REKR. The latest dilution event on file is ATM sales on Dec 31, 2025. Analysis updated Oct 6, 2026.
Signal8 Summary
47h old
REKR
Growing revenue, but cash runway only 5.5 months
- Business
- WeakNet loss $31.5M vs $48.5M revenue, 5.5-month runway
- Stock risk
- High$55M micro-cap, shares +38% YoY, active Nasdaq bid-price notice
Snapshot
Rekor is a small roadway-technology company whose revenue grew to $48.5M in FY 2025 (up 5.3%) with a healthy 55.9% gross margin, but it lost $31.5M and burned $20.4M from operations.
What's Happening Right Now
- : On Oct 28, 2026, Florida DOT raised its contract ceiling with Rekor 94% to $9.5 million (only $4.9 million currently approved), and Nevada's Regional Transportation Commission selected Rekor Command for a traffic contract worth up to $1.54 million if renewal options are exercised.
- : Nasdaq granted Rekor a six-month extension, through about April 26, 2027, to regain compliance with the $1.00 minimum bid price rule, disclosed Oct 27, 2026; the stock continues trading on Nasdaq for now.
- : Rekor sued a former director in Delaware Chancery Court on Oct 19, 2026 over alleged fiduciary breaches tied to a December 2025 hedge fund financing, after an investigation flagged roughly 14% of shares accumulated through an unidentified beneficial owner and unusually high stock-borrow activity; the company notified the SEC and FINRA.
- : On Sep 3, 2026, Rekor terminated its two remaining long-term real estate leases (US and Israel), eliminating about $10 million in liabilities using $2.8 million in cash, and expects over $2 million in annual savings.
- : Rekor's Q2 2026 revenue was $12.7 million, up 2% YoY, with adjusted gross margin at 56% and adjusted EBITDA loss narrowing 79% to $1.2 million; management pointed to a 20% headcount cut and $10 million cash on hand, and said it expects adjusted EBITDA profitability in the second half of 2026.
- : Sold $22.35M net / 18.89M shares through its at-the-market program, as stated for Jan 1, 2025 to Dec 31, 2025.
- : Raised $15.00M in gross proceeds through a registered direct offering, with warrants over 8.57M shares.
- : Sold $4.65M net / 3.97M shares through its at-the-market program.
Raise routes on file: effective shelf · latest dilution event 307 days ago
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Latest dilution event
Dec 31, 2025 · ATM Sale
Every warrant, convertible, ATM and shelf, cited to the filing
A free account reads 3 tickers a day in full
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Outstanding
2023 Registered Direct Offering Placement Agent Warrants
Issued 2023
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2023
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Warrant
Issued 2025
Shares Underlying
Exercise Price
Outstanding
- Type
- Anti-Dilution
- Cashless Exercise
- Expiration
Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
ATM program
Issued 2025
Total capacity
Sold to date
Remaining capacity
- Sales agent
- Agreement date
- Commission
Equity line
Issued 2024
Commitment
Sold to date
Remaining
- Agreement date
- Term ends
- Discount
S-3 shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2021
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2024
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
S-3 shelf registration
Issued 2023
Total capacity
Remaining
- Filed
- Effective
- Expires
- Baby shelf
Registered direct offering
Issued 2025
Gross proceeds
Price per share
- Shares issued
- Warrant coverage
- Placement agent
Know who's about to sell into your REKR trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
