Powerfleet receives Nasdaq delisting notice over late 10-KT filing; SEC comment on MiX Telematics M&A

Powerfleet, Inc.

Nasdaq notified Powerfleet on Aug 8, 2024, for failing to timely file Form 10-KT for transition period ended March 31, 2024.
Company has 60 calendar days to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1).
Delay stems from SEC comment letter on determination of accounting acquirer in MiX Telematics business combination.
Powerfleet expects to file 10-KT promptly after resolving SEC comment, targeting resolution within August 2024.
Common stock (AIOT) continues trading on Nasdaq Global Market during the 60-day grace period.

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