REKR · Rekor Systems, Inc.

Rekor Systems, Inc. faces a critical compliance challenge with Nasdaq Listing Rule 5550(a)(2), triggered by its common stock's closing bid price falling below $1.00 for 30 consecutive business days from March 13 through April 24, 2026. This deficiency notice, while not immediately impacting trading under the REKR symbol on the Nasdaq Capital Market, imposes a 180-calendar-day Compliance Period ending October 26, 2026, during which the Company must sustain a $1.00 closing bid for at least 10 consecutive business days. Failure to do so could lead to delisting proceedings, though eligibility for a Second Compliance Period exists if the Company satisfies other Nasdaq Capital Market standards, such as market value of publicly held shares, and commits to curing via measures like a reverse stock split completed no later than 10 business days before the period's end. The Company plans to actively monitor its stock price and evaluate all options, but explicitly cautions that success is not assured. Investors should note the potential for a reverse stock split, which could affect share count and liquidity, and monitor for appeals to a Nasdaq Hearings Panel if delisting advances. This development signals heightened risk to the Company's exchange listing status.