Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard

Rekor Systems, Inc. received a notice from Nasdaq indicating non-compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The company’s stock has traded below $1.00 for 30 consecutive business days. Rekor Systems has 180 days to regain compliance, which may involve a reverse stock split. Failure to comply could lead to delisting, though an appeal process is available. The company is exploring options to meet the requirement.