Rekor Systems, Inc. — Regulatory Filings 2021

Oct 8, 2021

S-8 1 rekr_s8.htm FORM S-8 Document created using Blueprint(R) - powered by Issuer Direct - www.issuerdirect.com Copyright 2021 Issuer Direct Corporation rekr_s8

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As filed with the Securities and Exchange Commission on October 8, 2021

Registration No. 333-

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM S-8

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

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REKOR SYSTEMS, INC.

(Exact name of Registrant as specified in its charter)

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Delaware	81-5266334
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

6721 Columbia Drive, Suite 400

Columbia, MD 21046

(410) 762-0800

(Address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)

Rekor Systems, Inc. 2017 Equity Award Plan, as amended and restated

(Full title of the plan)

Robert A. Berman,

Chief Executive Officer, Executive Chairman and Director

Rekor Systems, Inc.

6721 Columbia Gateway Drive, Suite 400

Columbia, MD 21046

(410) 762-0800

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Please send copies of all communications to:

Claud v.S. Eley, Esq.

Crowell & Moring LLP

1001 Pennsylvania Ave. NW

Washington, DC 20004

(202) 624-2885

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Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or emerging growth company (as defined in Rule 12b-2 of the Exchange Act):

Large Accelerated Filer	☐	Accelerated Filer	☐
Non-accelerated
Filer	☒	Smaller Reporting Company	☒
		Emerging Growth Company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

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CALCULATION OF REGISTRATION FEE

Title of Class of Securities to be Registered	Amount to be Registered (1)	Proposed Maximum Offering Price Per Share	Proposed Maximum Aggregate Offering Price	Amount of Registration Fee
Common
Stock, $0.0001 par value per share	4,368,733	$ 10.78
(2)	$47,094,943
(2)	$4,365.70

(1)

Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of the Registrant’s common stock that become issuable in respect of the securities identified in the above table by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the receipt of consideration that increases the number of the Registrant’s outstanding shares of common stock.

(2)

Estimated in accordance with Rule 457(h) solely for purposes of calculating the registration fee. The maximum price per share and the maximum aggregate offering price are based on the average of the $11.32 (high) and $10.23 (low) sale price of the Registrant’s common stock as reported on The Nasdaq Capital Market on October 4, 2021, which date is within five business days prior to the filing of this Registration Statement.

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EXPLANATORY NOTE

Rekor Systems, Inc. (the “Company” or the “Registrant”) previously filed a Registration Statement on For anchor m S-8 (File No. 333-220864) with the Securities and Exchange Commission (the “Commission”) in connection with the registration of an aggregate of 3,000,000 shares of the Company’s common stock, par value $0.0001 per share (“Common Stock”), to be issued under the 2017 Equity Incentive Plan (the “Plan”).

Pursuant to General Instruction E of Form S-8, the Company is filing this registration statement on Form S-8 solely to register an additional 4,368,733 shares of its common stock available for issuance under the Plan. This increase was approved by the Company’s Board of Directors on May 7, 2021, and by the Company’s stockholders on September 14, 2021 at the Company’s annual meeting. Pursuant to Instruction E, the contents of Registration Statement on Form S-8 (File No. 333-220864) , including without limitation periodic reports that the Company filed, or will file, after this Registration Statement to maintain current information about the Company, is hereby incorporated by reference into this Registration Statement pursuant to General Instruction E of Form S-8, with the exception of Items 3 and 8 of Part II of such prior Registration Statement, each of which is amended and restated in its entirety herein.

PART I

INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS

The information specified in Items 1 and 2 of Part I of the Form S-8 is omitted from this filing in accordance with the provisions of Rule 428 under the Securities Act and the introductory note to Part I of the Form S-8. The documents containing the information specified in this Part I will be delivered to the participants in the Plan covered by this Registration Statement as required by Rule 428(b)(1).

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 3. Incorporation of Documents by Reference.

The following documents filed by the Registrant with the Commission pursuant to the Securities Act and the Securities Exchange Act of 1934, as amended (the “Exchange Act”) are incorporated herein by reference:

(a)

The Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (filed with the Commission on March 12, 2021);

(b)

The Registrant’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021 (filed with the Commission on May 10, 2021 and August 16, 2021, respectively);

(b)

The Registrant’s Current Reports on Form 8-K (filed with the Commission on February 9, 2021 , March 1, 2021 , July 1, 2021 , August 9, 2021 , August 19, 2021 (as amended by Current Reports on Form 8-K/A filed with the Commission on August 23, 2021 and September 14, 2021 ) and September 15, 2021 ; and

(c)

The description of the Registrant’s common stock contained in the Registrant’s Registration Statement on Form 8-A (File No. 001-38338) filed on January 8, 2018 under Section 12(b) of the Exchange Act, including any amendment or report filed for the purpose of updating such description.

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All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of the filing of such documents.

Unless expressly incorporated into this Registration Statement, a report furnished on Form 8-K prior or subsequent to the date hereof shall not be incorporated by reference into this Registration Statement, except as to specific sections of such reports that are filed or deemed filed as set forth therein. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in any subsequently filed document which also is deemed to be incorporated by reference herein modifies or supersedes such statement.

Item 8. Exhibits.

EXHIBIT INDEX

Exhibit Number	Exhibit Description	Incorporated by Reference — Form	File No.	Exhibit	Filing Date	Filed — Herewith
4.1	Rekor
Systems, Inc. 2017 Equity Award Plan (as amended and restated as of
September 14, 2021).	DEF
14A	333-38338	Annex
A	8/3/21
4.2	Amended
and Restated Certificate of Incorporation of the Registrant as
filed with the Secretary of State of Delaware on August 21,
2017.	8-K	333-216014	3.1	8/25/17
4.3	Certificate
of Amendment to Amended and Restated Certificate of Incorporation
of the Registrant as filed with the Secretary of State of Delaware
on April 30, 2019.	8-K	001-38338	3.1	4/30/19
4.4	Second
Certificate of Amendment to the Amended and Restated Certificate of
Incorporation of the Registrant as filed with the Secretary of
State of Delaware on March 18, 2020.	8-K	001-38338	3.1	3/18/20
4.5	Amended
and Restated Bylaws of the Registrant.	8-K	001-38338	3.2	4/30/19
5.1	Opinion
of Crowell & Moring LLP.					X
23.1	Consent
of Friedman LLP, independent registered public accounting firm of
Rekor Systems, Inc.					X
23.2	Consent
of Kost Forer Gabby and Kasierer, A Member of Ernst & Young
Global, independent registered public accounting firm of Waycare
Technologies Ltd.					X
23.2	Consent
of Crowell & Moring LLP (contained in Exhibit
5.01.					X
24.1	Power
of Attorney (included on the signature page of this Registration
Statement).					X

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SIGNATURES

Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Columbia, State of Maryland, on October 8, 2021.

REKOR SYSTEMS, INC.
By:	/s/
Robert A. Berman
	Robert
A. Berman
	Chief Executive Officer, Executive Chairman and
Director

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS , that each person whose signature appears below hereby constitutes and appoints Robert A. Berman, and each of them, as his true and lawful attorney-in-fact and agent with full power of substitution, for him in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the date indicated.

Name	Title	Date
/s/
Robert A. Berman Robert
A. Berman	Chief
Executive Officer, Executive Chairman and Director (Principal Executive Officer)	October
8, 2021
/s/
Eyal Hen Eyal
Hen	Chief
Financial Officer (Principal Financial Officer and Principal Accounting
Officer)	October
8, 2021
/s/
Paul de Bary Paul de
Bary	Director	October
8, 2021
/s/
Richard Nathan Richard
Nathan	Director	October
8, 2021
/s/
Glenn Goord Glenn
Goord	Director	October
8, 2021
/s/
David Hanlon David
Hanlon	Director	October
8, 2021
/s/
Steven D. Croxton Steven
D. Croxton	Director	October
8, 2021

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