Rekor Systems shares are trading lower after the company announced the launch of a proposed follow-on public offering of common stock.
Portfolio Pulse from Benzinga Newsdesk
Rekor Systems announced the launch of a proposed follow-on public offering of common stock, leading to a decrease in its share price.
February 06, 2024 | 9:47 pm
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Rekor Systems announced a follow-on public offering, causing its stock to trade lower.
Follow-on public offerings often lead to a decrease in a company's stock price in the short term due to the dilution of existing shares. Given that Rekor Systems has announced such an offering, it is likely to negatively impact the stock price in the short term.
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