Powerfleet, INC 8-K filings

Powerfleet Inc. has set September 17, 2024, as the date for its annual shareholder meeting and established deadlines for shareholder proposals.

Powerfleet, Inc. has finalized its acquisition of MiX Telematics and filed an amended 8-K report including pro forma financial statements to reflect the combined entity.

Powerfleet Inc. has requested to delist its common stock from the Tel Aviv Stock Exchange, with the final trading day expected on August 27, 2024.

Powerfleet, Inc. has changed its fiscal year end from December 31 to March 31, effective immediately, to align with the recent merger with MiX Telematics and has reaffirmed its revenue and adjusted EBITDA guidance for the combined entity.

Powerfleet, Inc. has appointed Andrew Martin, a partner at Private Capital Management, to its board of directors as an independent member.

Powerfleet has announced a restatement of its financial statements for 2021, 2022, and interim periods of 2022 and 2023 due to an accounting error related to its Series A convertible preferred stock, leading to a delay in filing its 2023 annual report and a notice from Nasdaq.

Powerfleet has finalized its acquisition of MiX Telematics, establishing a major global player in the AIoT SaaS sector with significant revenue and growth potential.

Powerfleet, Inc. has announced that it will not be able to file its annual report within the extended deadline and will file as soon as reasonably practicable.

Powerfleet, Inc. has successfully refinanced its existing credit agreement with Bank Hapoalim, securing a $50 million loan facility to support its operations and growth.

Powerfleet, Inc. secures an $85 million loan facility and reports a 9% year-over-year revenue increase in Q4 2023, alongside a 14% increase in service revenue for the full year.

Powerfleet and MiX Telematics have received shareholder approval for their proposed business combination, expected to close in early April 2024.

Powerfleet and MiX Telematics have scheduled shareholder meetings for February 28, 2024, to vote on their proposed business combination, marking a significant step towards the merger.