secwatch.observer — SEC 8-K summary
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Issuer:     CalAmp Corp. (—)
CIK:        0000730255
Form:       8-K
Filed at:   2024-06-03T23:59:59+00:00
Accession:  0000950170-24-067683
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 8.01, 1.03, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CalAmp files Chapter 11, plans to convert $229M debt to equity and go private
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- Restructuring Support Agreement with Lynrock to convert ~$229M convertible notes into equity; company to go private.
- Filed Chapter 11 on June 3, 2024; prepackaged plan expects prompt emergence with reduced debt.
- Existing common stock, warrants, and options to be cancelled; equity holders face potential total loss.
- Jill Frizzley appointed to Board and as sole member of Special Committee to handle conflict matters.
- Operations continue normally; Lynrock becomes principal equity owner, interest savings to fund innovation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/730255/000095017024067683/0000950170-24-067683-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/730255/000095017024067683/camp-20240522.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-067683

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