• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form SC 13G/A filed by Rekor Systems Inc. (Amendment)

    2/14/24 10:33:23 AM ET
    $REKR
    Telecommunications Equipment
    Telecommunications
    Get the next $REKR alert in real time by email
    SC 13G/A 1 arctis_sc13ga2-021424.htm SCHEDULE 13G AMENDMENT

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    SCHEDULE 13G

    Under the Securities Exchange Act of 1934

    (Amendment No. 2)*

     

    Rekor Systems Inc

    (Name of Issuer)

     

    Common Stock, $0.0001 par value
    (Title of Class of Securities)

     

    759419104

    (CUSIP Number)

     

    December 31, 2023
    (Date of Event Which Requires Filing of This Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

    ☒

    Rule 13d-1(b) 

    ☐

    Rule 13d-1(c) 

    ☐ Rule 13d-1(d)

     

     

    *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

     

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

      

    CUSIP No. 759419104       Page 2 of 6 Pages

     

    1

    NAMES OF REPORTING PERSONS

    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

     

    Arctis Global, LLC

    2

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

     

     

    (a) ☐

    (b) ☐

    3

    SEC USE ONLY

     

     

    4

    CITIZENSHIP OR PLACE OF ORGANIZATION

     

    San Juan, Puerto Rico

     

     

     

    NUMBER OF

    SHARES

    BENEFICIALLY

    OWNED BY

    EACH REPORTING

    PERSON WITH:

    5

    SOLE VOTING POWER

     

    9,647,491

    6

    SHARED VOTING POWER

     

    0

    7

    SOLE DISPOSITIVE POWER

     

    9,647,491

    8

    SHARED DISPOSITIVE POWER

     

    0

    9

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    9,647,491

    10

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)

    ☐ 

     

    11

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    11.64%

    12

    TYPE OF REPORTING PERSON (see instructions)

     

    IA

             

     

       

     

     

    CUSIP No. 759419104       Page 3 of 6 Pages

     

    Item 1(a). Name of Issuer:
      Rekor Systems, Inc.
       
    Item 1(b). Address of Issuer’s Principal Executive Offices:
      6721 Columbia Gateway Drive, Suite 400
    Columbia, MD 2046
       
    Item 2(a). Name of Person Filing:
      Arctis Global, LLC
       
    Item 2(b). Address of Principal Business Office or, if none, Residence:
      Am Towers, 207 Calle Del Parque, 7th Floor, San Juan, Puerto Rico, 00912-3242
       
    Item 2(c). Citizenship:
      The Investment Manager is a Puerto Rican limited liability company
       
    Item 2(d). Title of Class of Securities:
      Common Stock, $0.0001 par value
       
    Item 2(e). CUSIP Number:
    759419104

     

     

       
     

     

    CUSIP No. 759419104       Page 4 of 6 Pages

     

    Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
      (a) ☐¨ Broker or dealer registered under Section 15 of the Act;
      (b) ☐ Bank as defined in Section 3(a)(6) of the Act;
      (c) ☐ Insurance company as defined in Section 3(a)(19) of the Act;
      (d) ☐ Investment company registered under Section 8 of the Investment Company Act of 1940;
      (e) ☒ An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
      (f) ☐ An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
      (g) ☐ A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
      (h) ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
      (i) ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
      (j) ☐ A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
      (k) ☐ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

     

    Item 4. Ownership.  
     

    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

    Arctis Global, LLC

      (a) Amount Beneficially Owned: 9,647,491
      (b) Percent of Class: 11.64%
      (c) Number of shares as to which such person has:  
        (i) sole power to vote or to direct the vote: 9,647,491
        (ii) shared power to vote or to direct the vote: 0
        (iii) sole power to dispose or to direct the disposition of: 9,647,491
        (iv) shared power to dispose or to direct the disposition of: 0

     

       
     

     

    CUSIP No. 759419104       Page 5 of 6 Pages

     

    Item 5. Ownership of Five Percent or Less of a Class.
       
     

    If this statement is being filed to report the fact that as of the date hereof, the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

     

    Item 6. Ownership of More than Five Percent on Behalf of Another Person.
       
      Not applicable
       
    Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
       
      Not applicable.
       
    Item 8. Identification and Classification of Members of the Group.
       
      Not applicable.
       
    Item 9. Notice of Dissolution of Group.
       
      Not applicable.
       
    Item 10. Certification.
       
     

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of and do not have the effect of changing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect for the time being.

     

     

       

     

     

    CUSIP No. 759419104       Page 6 of 6 Pages

     

     

    SIGNATURE

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

      February 14, 2024  
      Date  
         
      /s/ Timothy Davenport  
      Signature  
         
      Chief Compliance Officer  
      Name/Title  

     

     

       

     

    Get the next $REKR alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $REKR

    DatePrice TargetRatingAnalyst
    3/4/2024Outperform
    William Blair
    More analyst ratings

    $REKR
    Financials

    Live finance-specific insights

    See more
    • Rekor Systems to Announce First Quarter Fiscal 2025 Results

      COLUMBIA, Md., April 23, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor "or the" Company "), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it will release its financial results for the first quarter of 2025 on Wednesday, May 14, 2025, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m. Eastern Time to discuss financial and operating results. CONFERENCE CALL INFORMATION Any person interested in participating in the call should please dial in approximately 10 minutes before the start of the call using the following information: North America: Participant Di

      4/23/25 7:30:00 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Rekor Systems Reports Strong 2024 Financial Results Highlighted by Record Revenue and Significant Operational Improvements

      Record Gross Revenue: Achieved record annual gross revenue of $46.0 million, representing a 32% increase from $34.9 million in 2023.Fourth Quarter Results: Gross revenue reached an all-time quarterly high of $13.3 million in Q4 2024, marking a 20% increase compared to Q4 2023.Improved Adjusted EBITDA: Substantially narrowed Adjusted EBITDA loss from $6.7 million in Q4 2023 to $4.7 million in Q4 2024, underscoring enhanced operational efficiency. COLUMBIA, Md., March 31, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a global leader in roadway intelligence, today announced its financial results for the fiscal year that ended December 31, 2024. Throughout 2024, Rekor demonstrat

      3/31/25 4:05:13 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Rekor Systems to Announce 2024 Results

      COLUMBIA, Md., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor "or the" Company "), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it will report record annual and quarterly revenue when it releases financial results for FY2024 on Monday, March 31, 2025, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m. Eastern Time to discuss financial and operating results. CONFERENCE CALL INFORMATION Any person interested in participating in the call should please dial in approximately 10 minutes before the start of the call using the following information: No

      2/20/25 7:30:00 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • William Blair initiated coverage on Rekor Systems

      William Blair initiated coverage of Rekor Systems with a rating of Outperform

      3/4/24 8:41:52 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Lake Street Capital initiated coverage on Rekor Systems

      Lake Street Capital initiated coverage of Rekor Systems with a rating of Buy

      3/1/21 11:31:53 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • B. Riley resumed coverage on Rekor Systems with a new price target

      B. Riley resumed coverage of Rekor Systems with a rating of Buy and set a new price target of $26.00 from $21.50 previously

      2/12/21 8:22:13 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    Leadership Updates

    Live Leadership Updates

    See more
    • Rekor Systems Strengthens Leadership with Industry Expert Rish Malhotra as Executive Vice President of Global Strategic Growth

      Respected ITS Industry Veteran to Drive Channel Expansion in North America and Global Markets COLUMBIA, MD / ACCESSWIRE / September 3, 2024 / Rekor Systems, Inc. (NASDAQ:REKR), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the appointment of Rish Malhotra as Executive Vice President of Global Strategic Growth. With over 20 years of international management experience in the Intelligent Transportation Solutions (ITS) sector, Mr. Malhotra will drive Rekor's strategic growth initiatives, opening new routes to market for its AI-powered transportation and traffic solutions. His leadership will be pivotal in expanding market opportunities

      9/3/24 7:30:00 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Anne Townsend Joins Rekor Systems Board, Strengthening Cybersecurity Oversight

      COLUMBIA, MD / ACCESSWIRE / March 4, 2024 / Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor" or the "Company"), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced the addition of Anne Townsend to its Board of Directors ("Board") and her appointment as a member of the Board's Technology and Social Responsibility Committee. With a distinguished career spanning over two decades, Townsend brings unparalleled expertise in cybersecurity, smart cities, and urban transportation management to the Rekor Systems board of directors.As a Senior Principal Cybersecurity Engineer at The MITRE Corporation, Townsend has been at the forefront of cybersecurity an

      3/4/24 7:30:00 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Rekor Appoints David Desharnais as President and Chief Operating Officer

      COLUMBIA, MD / ACCESSWIRE / September 28, 2022 / Rekor Systems, Inc., (NASDAQ:REKR) ("Rekor" or the "Company"), a global AI technology company with a mission to provide data-driven insights that build safer, smarter, and more efficient cities around the world through intelligent infrastructure, today announced that effective September 30, 2022, Rodney Hillman, Chief Operating Officer, will be leaving Rekor to pursue other ventures. The Company's current President, David Desharnais, will succeed Hillman in an expanded role as President and Chief Operating Officer."I wish to express my deep appreciation to Rod for his many years of service to our company," said Robert A. Berman CEO and Chair,

      9/28/22 7:30:00 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Executive Officer Desharnais David Philip bought $9,975 worth of shares (7,500 units at $1.33), increasing direct ownership by 2% to 362,861 units (SEC Form 4)

      4 - Rekor Systems, Inc. (0001697851) (Issuer)

      8/19/24 5:16:16 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Large owner Arctis Global Llc bought $3,185,000 worth of shares (2,275,000 units at $1.40), increasing direct ownership by 23% to 12,312,491 units (SEC Form 4)

      4 - Rekor Systems, Inc. (0001697851) (Issuer)

      7/8/24 12:24:34 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Chief Executive Officer Desharnais David Philip bought $7,300 worth of shares (5,000 units at $1.46), increasing direct ownership by 1% to 355,361 units (SEC Form 4)

      4 - Rekor Systems, Inc. (0001697851) (Issuer)

      6/18/24 5:04:17 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by Chief Revenue Officer Dunbar Michael David

      4 - Rekor Systems, Inc. (0001697851) (Issuer)

      4/11/25 5:02:58 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Chief Revenue Officer Dunbar Michael David covered exercise/tax liability with 24,212 shares, decreasing direct ownership by 11% to 198,845 units (SEC Form 4)

      4 - Rekor Systems, Inc. (0001697851) (Issuer)

      4/3/25 5:05:28 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • CFO Hen Eyal covered exercise/tax liability with 36,164 shares, decreasing direct ownership by 11% to 306,461 units (SEC Form 4)

      4 - Rekor Systems, Inc. (0001697851) (Issuer)

      4/2/25 9:59:00 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Rekor Systems Inc.

      SC 13G/A - Rekor Systems, Inc. (0001697851) (Subject)

      11/14/24 5:18:42 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • SEC Form SC 13G filed by Rekor Systems Inc.

      SC 13G - Rekor Systems, Inc. (0001697851) (Subject)

      2/14/24 3:51:12 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • SEC Form SC 13G/A filed by Rekor Systems Inc. (Amendment)

      SC 13G/A - Rekor Systems, Inc. (0001697851) (Subject)

      2/14/24 10:33:23 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Rekor Systems to Announce First Quarter Fiscal 2025 Results

      COLUMBIA, Md., April 23, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR) ("Rekor "or the" Company "), a leader in developing and implementing state-of-the-art roadway intelligence technology, today announced that it will release its financial results for the first quarter of 2025 on Wednesday, May 14, 2025, after market close. On the same day, the Company will host its earnings conference call at 4:30 p.m. Eastern Time to discuss financial and operating results. CONFERENCE CALL INFORMATION Any person interested in participating in the call should please dial in approximately 10 minutes before the start of the call using the following information: North America: Participant Di

      4/23/25 7:30:00 AM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • SoundThinking Enhances PlateRanger Investigative Capabilities with Integrations into SafetySmart Platform and Partner Technologies, Providing a 'Force Multiplier'

      FREMONT, Calif. and COLUMBIA, Md., April 15, 2025 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (NASDAQ:SSTI), a leading public safety technology provider, today announced the integration of PlateRanger™ powered by Rekor® (NASDAQ:REKR) – its advanced license plate and vehicle recognition (ALPR) solution – into the company's SafetySmart™ platform alongside ShotSpotter® and CrimeTracer™. These milestones strengthen SoundThinking's commitment to open standards and seamless interoperability, empowering law enforcement agencies to accelerate investigations, uncover new leads, and improve public safety outcomes by further integrating valuable information technologies. The integrations enable agencies

      4/15/25 8:30:00 AM ET
      $REKR
      $SSTI
      Telecommunications Equipment
      Telecommunications
      Computer Software: Prepackaged Software
      Technology
    • Rekor Systems Reports Strong 2024 Financial Results Highlighted by Record Revenue and Significant Operational Improvements

      Record Gross Revenue: Achieved record annual gross revenue of $46.0 million, representing a 32% increase from $34.9 million in 2023.Fourth Quarter Results: Gross revenue reached an all-time quarterly high of $13.3 million in Q4 2024, marking a 20% increase compared to Q4 2023.Improved Adjusted EBITDA: Substantially narrowed Adjusted EBITDA loss from $6.7 million in Q4 2023 to $4.7 million in Q4 2024, underscoring enhanced operational efficiency. COLUMBIA, Md., March 31, 2025 (GLOBE NEWSWIRE) -- Rekor Systems, Inc. (NASDAQ:REKR), a global leader in roadway intelligence, today announced its financial results for the fiscal year that ended December 31, 2024. Throughout 2024, Rekor demonstrat

      3/31/25 4:05:13 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications

    $REKR
    SEC Filings

    See more
    • Rekor Systems Inc. filed SEC Form 8-K: Changes in Registrant's Certifying Accountant, Financial Statements and Exhibits

      8-K - Rekor Systems, Inc. (0001697851) (Filer)

      4/22/25 4:30:31 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • Rekor Systems Inc. filed SEC Form 8-K: Other Events

      8-K - Rekor Systems, Inc. (0001697851) (Filer)

      4/14/25 4:08:17 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications
    • SEC Form DEF 14A filed by Rekor Systems Inc.

      DEF 14A - Rekor Systems, Inc. (0001697851) (Filer)

      3/31/25 4:32:46 PM ET
      $REKR
      Telecommunications Equipment
      Telecommunications