PowerFleet and MiX Telematics schedule shareholder votes for Feb 28, expect deal close in early April 2024

Powerfleet, Inc.

Shareholder meetings to approve business combination set for Feb 28, 2024; PowerFleet meeting at 10 a.m. ET, MiX at 2:30 p.m. SAST.
SEC declared registration statement effective Jan 24; proxy mailing commenced Jan 29. All regulatory requirements satisfied.
Transaction expected to close in early April 2024, subject to shareholder approvals and customary conditions.
MiX CEO Stefan Joselowitz to retire at closing; intends to remain a shareholder of the combined entity.
Combined company will operate as Powerfleet with primary listing on Nasdaq; JSE secondary listing planned.

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