Rekor Systems Files For Mixed Shelf Of Up To $350M
Portfolio Pulse from Benzinga Newsdesk
Rekor Systems has filed for a mixed shelf offering of up to $350 million, according to an SEC filing. This move allows the company to issue various types of securities, including common stock, preferred stock, debt securities, and warrants, providing flexibility in raising capital.
July 26, 2024 | 8:09 pm
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Rekor Systems has filed for a mixed shelf offering of up to $350 million, which allows the company to issue various types of securities. This move provides flexibility in raising capital and could be used for future growth initiatives or debt repayment.
The mixed shelf offering gives Rekor Systems the ability to raise capital as needed, which can be used for growth initiatives or debt repayment. This flexibility is generally viewed positively by investors as it provides the company with financial options.
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