Rekor Systems Inc Files For Offering Of 2.85M Shares Of Common Stock By The Selling Stockholder
Portfolio Pulse from Benzinga Newsdesk
Rekor Systems Inc has filed for an offering of 2.85 million shares of common stock by the selling stockholder, according to a SEC filing.
September 08, 2023 | 8:10 pm
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Rekor Systems Inc's filing for an offering of 2.85 million shares of common stock could potentially dilute existing shareholders' equity.
The offering of new shares by Rekor Systems Inc could lead to dilution of existing shareholders' equity. This is because the number of shares outstanding increases, while the company's net assets remain the same. As a result, each share represents a smaller percentage of the company's net assets. This could potentially lead to a decrease in the stock price.
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