SCHEDULE 13G/A: Armistice Capital and Steven Boyd Disclose 2.95% Passive Stake in Rekor Systems

Armistice Capital, LLC and Steven Boyd have filed an amended Schedule 13G, disclosing a passive beneficial ownership of 2.95% in Rekor Systems, Inc. as of December 31, 2024.

Summary

• Armistice Capital, LLC and Steven Boyd, collectively referred to as the "Reporting Persons," have filed an Amendment No. 2 to Schedule 13G regarding their beneficial ownership in Rekor Systems, Inc.
• As of December 31, 2024, the Reporting Persons beneficially own an aggregate of 2,850,000 shares of Rekor Systems, Inc.'s Common Stock.
• This ownership represents 2.95% of the total outstanding shares of Rekor Systems, Inc.
• Armistice Capital, LLC is identified as an Investment Adviser (IA) and Other (OO), while Steven Boyd is identified as a Parent Holding Company (HC) and Individual (IN).
• The filing indicates that the shares are held with shared voting power and shared dispositive power for both reporting persons.
• The Reporting Persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Rekor Systems, Inc.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, indicating a neutral sentiment. It does not contain information that would significantly alter the perception of the company's performance or prospects.

Positives

• The continued disclosure of a significant, albeit passive, stake by Armistice Capital and Steven Boyd may signal ongoing investor interest in Rekor Systems, Inc.

Industry Context

This filing is a routine disclosure of a passive investment stake by an institutional investor, common in the financial industry for transparency regarding significant ownership positions in publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant passive ownership by an institutional investor, which can influence market perception and liquidity.

Key Dates

Keywords

Rekor Systems, Armistice Capital, Steven Boyd, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Passive Investment, SEC Filing