CalAmp Corp.: going-concern / distress — CalAmp's Chapter 11 plan confirmed; existing equity canceled, company to go private

CalAmp Corp.

Bankruptcy Court confirmed prepackaged Chapter 11 plan on July 11, 2024.
All 1,722,463 shares of common stock canceled; holders receive no distribution.
Lynrock Lake Master Fund LP receives 100% of new equity in reorganized CalAmp.
Amended credit agreement has 7-year maturity, interest at SOFR plus 6.75%.
Company will become privately held; existing officers remain in place.

item 1.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

CalAmp Corp. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2024-06-03).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2024-06-03

Exact text from the filing

filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware

View on SEC.gov

Browse all distress & bankruptcy →

Source: SEC EDGAR

accession 0001193125-24-180486

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.