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Howard G. Smith Law Firm announced that it has represented the purchase of Rekor Systems, Inc. f/k/a Novume Solutions, Inc. (“Rekor” or “Company”) (NASDAQ: Rick) Securities between April 12, May 25, 2019 and 2021, Included (“Class Hours”). Rekor investors have until August 30, 2021 File the main plaintiff’s motion.
Investors who have suffered losses due to Rekor investments are encouraged to contact Howard G. Smith Law Firm to discuss their legal rights in this class action, call 888-638-4847 or send an email to howardsmith@howardsmithlaw.com.
On May 10, 2021, a Texas bill authorizing the establishment of state uninsured vehicle enforcement transfer (“UVED”) was pending in the state committee, leading to speculation that the bill was dead. On the same day, in a conference call, Rekor stated that the company may not be able to reach a UVED agreement with Texas.
Affected by this news, the company’s stock price fell by US$5.20, or 27.5%, to close at US$13.71 per share on May 10, 2021, hurting investors. The stock price continued to fall by US$2.45 on the next trading day,…
The full story on Benzinga.com
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