CalAmp Corp.: M&A transaction — CalAmp emerges from Chapter 11; all common stock cancelled, Lynrock takes 100% ownership

CalAmp Corp.

Effective July 31, 2024, CalAmp emerged from prepackaged Chapter 11 cases after court confirmation on July 11.
All outstanding common stock and equity rights cancelled; Lynrock received 100% of new equity in exchange for $229M secured notes.
Company becomes privately held; filed Form 15 to deregister common stock from SEC.
New $45M credit agreement amended with seven-year maturity and SOFR+5% interest.
Cynthia Paul (Lynrock CEO) appointed sole director; prior directors removed.

item 1.01 item 1.02 item 5.01 item 2.03 item 3.02 item 3.03 item 5.03 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Cynthia Paul

Director

CalAmp Corp.

Effective: 2024-07-31
Filed: August 1, 2024, 7:59 PM ET

Cynthia Paul was appointed as the sole director of the Company, pursuant to the Plan.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Cynthia Paul was appointed as Director at CalAmp Corp..

Action: appointed
Role: Director

Exact text from the filing

Cynthia Paul was appointed as the sole director of the Company, pursuant to the Plan.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

CalAmp Corp. underwent a change of control involving Lynrock Lake Master Fund LP (closed 2024-07-31).

Action: change of control
Counterparty: Lynrock Lake Master Fund LP
Closing: 2024-07-31

Exact text from the filing

On July 31, 2024 (the “Effective Date”), each condition precedent to consummation of the Plan was satisfied or waived in accordance with the Plan and the Confirmation Order, and the Reorganized Debtors (as defined in the RSA) emerged from their Chapter 11 Cases.

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Source: SEC EDGAR

accession 0001193125-24-190511

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