Rekor Systems, Inc. filed a Form 8-K on October 27, 2026, disclosing that Nasdaq granted the company an additional 180-calendar-day period, until April 26, 2027, to regain compliance with the minimum $1.00 bid price per share requirement.

Key Highlights

  • Extension granted: Nasdaq's Listing Qualifications Department gave Rekor Systems an additional 180-calendar-day compliance period, expiring April 26, 2027.
  • Original deficiency notice: Nasdaq first notified the company on April 27, 2026 that its closing bid price had been below $1.00 per share for 30 consecutive business days.
  • Initial period expired: The first 180-calendar-day compliance period expired on October 26, 2026.
  • Compliance threshold: To regain compliance, the closing bid price must reach at least $1.00 per share for a minimum of ten consecutive business days during the additional period.
  • No immediate trading impact: According to the filing, the notice has no immediate effect on the listing or trading of the company's common stock, which continues to trade on NASDAQ:REKR.
  • Delisting risk: If compliance is not regained by April 26, 2027, Nasdaq will issue written notification that the company's securities will be delisted.

Rekor Systems Receives Second Nasdaq Compliance Period for Bid-Price Rule

According to the 8-K filed with the SEC on October 27, 2026, Rekor Systems received written notice from Nasdaq granting the additional period under Listing Rule 5810(c)(3)(A)(ii). The filing states the extension was based on the company's compliance with the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market, other than the Minimum Bid Price Requirement, as well as the company's written notice of its intention to cure the deficiency during the additional period.

The filing notes that the company intends to regain compliance within the additional period. However, the company disclosed that "there can be no assurance that the Company will regain compliance within the additional period or maintain compliance with Nasdaq's other listing requirements." If the company does not meet the threshold by April 26, 2027, Nasdaq will issue written notification of delisting. The filing further states that a hearing request to a Nasdaq Hearings Panel would not stay the suspension of trading.

The company also disclosed, under Item 7.01 (Regulation FD), that it issued a press release on October 27, 2026 announcing receipt of the Nasdaq notice. That press release was furnished as Exhibit 99.1 to the filing. The filing states that the information furnished under Item 7.01 "shall not be deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934." The filing was signed by Joseph Nalepa, Chief Financial Officer of Rekor Systems, Inc.

What Was Disclosed

Rekor Systems disclosed via Form 8-K that Nasdaq granted a second 180-day period, until April 26, 2027, to meet the $1.00 minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), with delisting proceedings possible if compliance is not achieved.