Correspondence 0001193125-24-144980 from Rekor Systems, Inc. (REKR) (CIK 0001697851) (REKR)
Rekor Systems, Inc. (REKR) (CIK 0001697851)
Date: May 22, 2024 · CIK: 0001697851 · Accession: 0001193125-24-144980
AI Filing Summary & Sentiment
File numbers found in text: 333-274524, 333-277393
Referenced dates: March 5, 2024
Letter
United States Securities and Exchange Commission Division of Corporation Finance Office of Manufacturing Re: Rekor Systems, Inc. Registration Statement on Form S-3 Filed February 27, 2024 File No. 333-277393
Dear Mr. Dias:
Set forth below is a response to the comment which was provided by the Commission’s Staff to Rekor Systems, Inc. (“Rekor” or the “Company”) by your letter dated March 5, 2024 (the “Comment Letter”), regarding the above-referenced filing (the “Registration Statement on Form S-3”).
For your convenience in reviewing, your comment is included in italics immediately followed by the Company’s response.
Registration Statement on Form S-3 Filed February 27, 2024
General
1. We note that your company incurred net losses in fiscal years 2021 and 2022. Please update your financial statements and related financial information in accordance with Item 8-08(b) of Regulation S-X. Please note that you will be required to include your audited financial statements or file and incorporate by reference your annual report for fiscal year ended December 31, 2023, before we will accelerate the effective date of this registration statement.
The Company filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “Form 10-K”) on March 25, 2024. We have incorporated the Form 10-K by reference into Amendment No. 1 to the Company’s Registration Statement on Form S-3 (File No. 333-274524).
* * *
If you have any questions regarding the matters discussed above, please telephone the undersigned at 202-624-2511.
Page
Sincerely,
/s/ William J. Bruno
Show Raw Text
CORRESP 1 filename1.htm CORRESP William J. Bruno 202-624-2511 wbruno@crowell.com May 22, 2024 United States Securities and Exchange Commission Division of Corporation Finance Office of Manufacturing 100 F Street, NE Washington, D.C. 20549 Attn: Eranga Dias Re: Rekor Systems, Inc. Registration Statement on Form S-3 Filed February 27, 2024 File No. 333-277393 Dear Mr. Dias: Set forth below is a response to the comment which was provided by the Commission’s Staff to Rekor Systems, Inc. (“Rekor” or the “Company”) by your letter dated March 5, 2024 (the “Comment Letter”), regarding the above-referenced filing (the “Registration Statement on Form S-3”). For your convenience in reviewing, your comment is included in italics immediately followed by the Company’s response. Registration Statement on Form S-3 Filed February 27, 2024 General 1. We note that your company incurred net losses in fiscal years 2021 and 2022. Please update your financial statements and related financial information in accordance with Item 8-08(b) of Regulation S-X. Please note that you will be required to include your audited financial statements or file and incorporate by reference your annual report for fiscal year ended December 31, 2023, before we will accelerate the effective date of this registration statement. The Company filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the “Form 10-K”) on March 25, 2024. We have incorporated the Form 10-K by reference into Amendment No. 1 to the Company’s Registration Statement on Form S-3 (File No. 333-274524). * * * If you have any questions regarding the matters discussed above, please telephone the undersigned at 202-624-2511. Page 2 Sincerely, /s/ William J. Bruno William J. Bruno Partner, Crowell & Moring LLP Enclosures cc: Eyal Hen, Chief Financial Officer, Rekor Systems, Inc. Eranga Dias, SEC Geoffrey Kruczek, SEC