{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-012823","form_type":"8-K","ticker":"AIOT","cik":"0001774170","company_name":"Powerfleet, Inc.","filed_at":"2024-04-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.009632+00:00","generated_at":"2026-06-04T03:42:28.335015+00:00","sec_items":["2.01","5.01","5.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Powerfleet closes MiX Telematics acquisition; pro forma revenue $284M, $215M SaaS recurring","bullets":["Combined revenue of $284M includes $215M recurring SaaS revenue; service gross margins of 65%.","Over 1.8M subscribers and 7,500 enterprise customers; expects $25M+ EBITDA expansion within two years.","Former MiX shareholders own ~65.5% of Powerfleet on fully diluted basis; new board includes MiX chairman Ian Jacobs.","Virtual investor fireside chat scheduled for April 30, 2024 at 9:30 AM ET to discuss integration and outlook."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-012823","json":"https://secwatch.observer/filing/0001493152-24-012823.json","markdown":"https://secwatch.observer/filing/0001493152-24-012823.md","text":"https://secwatch.observer/filing/0001493152-24-012823.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1774170/000149315224012823/0001493152-24-012823-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1774170/000149315224012823/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T03:42:28.335015+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":"0ddc2d4673","claim":"Anders Bjork resigned as Director at Powerfleet, Inc..","evidence_excerpt":"Anders Bjork, Michael Casey, Charles 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were appointed to the board of directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1774170/000149315224012823/0001493152-24-012823-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"a9a2659729","claim":"Ian Jacobs was appointed as Director at Powerfleet, Inc..","evidence_excerpt":"Ian Jacobs and Michael McConnell were appointed to the board of directors of the Company","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1774170/000149315224012823/0001493152-24-012823-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"d72b3c9ce0f641b3efd613d54734386481eb2de6","claim":"Powerfleet, Inc. completed an acquisition involving MiX Telematics Limited for 0.12762 shares of Company Common Stock for each MiX Ordinary Share (closed 2024-04-02).","evidence_excerpt":"ADSs”), from MiX Telematics shareholders in exchange for shares of common stock, par value $0.01 per share, of the Company (the “Company Common Stock”) at an exchange ratio of 0.12762 shares of Company Common Stock for each MiX Ordinary Share (and in the case of MiX ADSs, 3.19056 shares of Company Common Stock for each MiX ADS) (the “Scheme Consideration”)","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1774170/000149315224012823/0001493152-24-012823-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"MiX Telematics Limited"},{"label":"Consideration","value":"0.12762 shares of Company Common Stock for each MiX Ordinary 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Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}