{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-030296","form_type":"8-K","ticker":"AIOT","cik":"0001774170","company_name":"Powerfleet, Inc.","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.068817+00:00","generated_at":"2026-06-22T09:37:46.415845+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Powerfleet subsidiary Pointer Telocation secures $10M revolving credit facility from Bank Hapoalim","bullets":["$10M new revolving credit facility (Facility D) for wholly owned subsidiary Pointer Telocation.","Facility renewable monthly through Oct 2023; SOFR+2.59% interest adjustable with 14-day notice.","Secured by pledge over Pointer's new bank account and cross-guarantee by Powerfleet Israel; no parent assets pledged.","0.5% per annum fee on undrawn amounts; proceeds for general corporate and working capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-030296","json":"https://secwatch.observer/filing/0001493152-22-030296.json","markdown":"https://secwatch.observer/filing/0001493152-22-030296.md","text":"https://secwatch.observer/filing/0001493152-22-030296.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1774170/000149315222030296/0001493152-22-030296-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1774170/000149315222030296/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T09:37:46.415845+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c15bdb2b7b53beacc07b19b6e1d7e53615912d8f","claim":"Powerfleet, Inc. incurred revolving credit of $10 million with Bank Hapoalim B.M. at Secured Overnight Financing Rate plus 2.59% maturing October 30, 2023.","evidence_excerpt":"The Amendment provides for, among other things, a new revolving credit facility to Pointer in the aggregate principal amount of $10 million (the “New Revolver”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1774170/000149315222030296/0001493152-22-030296-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$10 million"},{"label":"Counterparty","value":"Bank Hapoalim B.M."},{"label":"Rate","value":"Secured Overnight Financing Rate plus 2.59%"},{"label":"Maturity","value":"October 30, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"fbc0a7bbcd84785f2a268f08333d16347b2f3c20","claim":"Powerfleet, Inc. amended Credit Agreement with Bank Hapoalim B.M. valued at $10 million (effective 2022-10-31).","evidence_excerpt":"On October 31, 2022, Powerfleet Israel Ltd. (“Powerfleet Israel”) and Pointer Telocation Ltd. (“Pointer” and, together with Powerfleet Israel, the “Borrowers”), each a wholly owned subsidiary of PowerFleet, Inc. (the “Company”), entered into a third amendment (the “Amendment”) to the Credit Agreement, dated as of August 19, 2019, by and among the Borrowers and Bank Hapoalim B.M. (“Hapoalim”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1774170/000149315222030296/0001493152-22-030296-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank Hapoalim B.M."},{"label":"Value","value":"$10 million"},{"label":"Effective","value":"2022-10-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}