Powerfleet receives Nasdaq delinquency notices for late filings due to SEC comment; targets August resolution

Powerfleet, Inc.

Received Nasdaq notices on Aug 8 and Aug 15 for failure to timely file Form 10-KT (transition period ended Mar 31, 2024) and Form 10-Q (quarter ended Jun 30, 2024).
Delay stems from SEC comment letter on accounting acquirer determination in MiX Telematics combination; described as non-cash with no impact on ops or cash flows.
Company submitted response to SEC; targets resolution within August 2024.
Has until Oct 7, 2024 to submit a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1).
Appointment of Deloitte & Touche as independent auditor for fiscal year ending Mar 31, 2025 completed on Aug 16, 2024.

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