Brief: Rekor Systems Announces Agreement On Note Exchange

Rekor Systems

01/07/2020 12:39

July 1 (Reuters) - Rekor Systems Inc  REKR.O :
    * REKOR SYSTEMS ANNOUNCES AGREEMENT ON NOTE EXCHANGE
    * REKOR SYSTEMS ANNOUNCES AGREEMENT ON NOTE EXCHANGE
    * REKOR SYSTEMS - REACHED AGREEMENT ON CONSENSUAL
BALANCE-SHEET
RESTRUCTURING WITH ITS LENDERS INVOLVING DEBT-FOR-EQUITY SWAP
AND OTHER LOAN MODIFICATIONS
    * REKOR SYSTEMS - TRANSACTION TO HAVE IMMEDIATE IMPACT ON
CO'S
BALANCE SHEET BY EXTENDING MATURITY, REDUCING AMOUNT OF CO'S
OUTSTANDING PROMISSORY NOTES
    * REKOR SYSTEMS INC - NOTEHOLDERS HAVE ALSO AGREED THAT
MATURITY
OF $4.9 MILLION REMAINING BALANCE OF NOTES WILL BE EXTENDED
UNTIL DECEMBER 31, 2021

Source text for Eikon:  ID:nGNX6YHFWP 
Further company coverage:  REKR.O 

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