{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-039073","form_type":"8-K","ticker":"AIOT","cik":"0001774170","company_name":"Powerfleet, Inc.","filed_at":"2024-10-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.562921+00:00","generated_at":"2026-05-30T22:45:26.082067+00:00","sec_items":["1.01","2.01","2.03","3.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Powerfleet closes $200M Fleet Complete acquisition, expects $400M+ revenue, $85M EBITDA","bullets":["Acquired Fleet Complete for $200M using $125M term loan, $70M private placement (20M shares at $3.50), and $15M in rollover shares to OTPP.","Combined company forecasts $400M+ revenue, $300M+ recurring SaaS revenue, $85M EBITDA; 2.6 million total subscribers.","$125M term loan from FirstRand Bank (RMB) at 5% + SOFR, matures in 5 years, secured by share capital of certain subsidiaries.","Private placement shares and OTPP rollover shares granted resale registration rights; directors/NEOs subject to 60-day lock-up.","Deal closed on Oct 1, 2024; expected to solidify Powerfleet's global AIoT leadership and expand cross-sell opportunities."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-039073","json":"https://secwatch.observer/filing/0001493152-24-039073.json","markdown":"https://secwatch.observer/filing/0001493152-24-039073.md","text":"https://secwatch.observer/filing/0001493152-24-039073.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1774170/000149315224039073/0001493152-24-039073-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1774170/000149315224039073/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T22:45:26.082067+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":"937a11712e1ec3ef6e90b6deabc623c680336d3c","claim":"Powerfleet, Inc. completed an acquisition involving Golden Eagle Topco, LP and other sellers for $200 million (closed 2024-10-01).","evidence_excerpt":"in exchange for payment by the Purchasers of an aggregate purchase price of $200 million","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1774170/000149315224039073/0001493152-24-039073-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Golden Eagle Topco, LP and other sellers"},{"label":"Consideration","value":"$200 million"},{"label":"Closing","value":"2024-10-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}