A Deadline is coming up on August 30, 2021 in the lawsuit for certain investors in Rekor Systems, Inc. (NASDAQ:REKR).
San Diego, CA -- (SBWIRE) -- 08/16/2021 -- The Shareholders Foundation announced that a deadline is coming up August 30, 2021 in the lawsuit filed for certain investors of Rekor Systems, Inc. (NASDAQ: REKR).
Investors who purchased shares of Rekor Systems, Inc. (NASDAQ: REKR) have certain options and there are strict and short deadlines running. Deadline: August 30, 2021. NASDAQ: REKR stockholders should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The plaintiff alleges on behalf of purchasers of Rekor Systems, Inc. (NASDAQ: REKR) common shares between April 12, 2019 and May 25, 2021, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between April 12, 2019 and May 25, 2021, the Defendants made false and/or misleading statements and/or failed to disclose that Rekor's ALPR technology and UVED-related business is outclassed by global competitors with an established, dominant market share, that it was unlikely that states would pass legislation authorizing deals similar to Rekor's Oklahoma UVED partnership because of, inter alia, state and local privacy laws and related public concerns, that Rekor's UVED partnership was not as profitable as Defendants had led investors to believe because of known impediments to enrollment rates and costs associated with the partnership, that accordingly, Rekor had overstated its potential revenues, profitability, and overall ALPR- and UVED-related business prospects, and that as a result, the Company's public statements were materially false and misleading at all relevant times.
Those who purchased shares of Rekor Systems, Inc. (NASDAQ: REKR) have certain options and should contact the Shareholders Foundation.
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