---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-023874"
form_type: "8-K/A"
ticker: "AIOT"
cik: "0001774170"
company_name: "Powerfleet, Inc."
filed_at: "2024-06-14T23:59:59+00:00"
generated_at: "2026-06-01T04:22:56.836606+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Powerfleet reports pro forma net loss of $21.4M for combined year; acquisition of MiX Telematics at $362M

## Summary
- Pro forma combined net loss of $21.4M for FY2023; diluted EPS ($0.20) on 107.7M shares.
- Consideration $362M: 70.7M new shares at $5.12/share; allocated $160M intangible assets and $162.5M goodwill.
- Raised $102.7M net new debt to redeem $90.3M Series A preferred stock; $10M redemption premium to accumulated deficit.
- Expected annual synergies of ~$25M by end of fiscal 2026 from integration and cost savings.
- Transaction costs: Powerfleet $13.5M, MiX Telematics $11.3M; integration plans under development.

## SEC filing metadata
- accession: 0001493152-24-023874
- form_type: 8-K/A
- ticker: AIOT
- cik: 0001774170
- company_name: Powerfleet, Inc.
- filed_at: 2024-06-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1774170/000149315224023874/0001493152-24-023874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1774170/000149315224023874/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-023874
- JSON: https://secwatch.observer/filing/0001493152-24-023874.json
- Plain text: https://secwatch.observer/filing/0001493152-24-023874.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.