---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-050408"
form_type: "8-K/A"
ticker: "AIOT"
cik: "0001774170"
company_name: "Powerfleet, Inc."
filed_at: "2024-12-17T23:59:59+00:00"
generated_at: "2026-05-29T02:30:27.540659+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Powerfleet completes Fleet Complete acquisition; acquired entity had FY2023 revenue CAD $139.3M and net loss CAD $17.4M

## Summary
- Acquisition closed Oct 1, 2024; purchase agreement dated Sep 18, 2024.
- Complete Innovations FY2023 (Sep 30): revenue CAD $139.3M, net loss CAD $17.4M, total assets CAD $141.5M.
- Total liabilities CAD $231.0M, shareholders' deficiency CAD $89.5M as of Sep 30, 2023.
- Goodwill CAD $44.1M and intangible assets CAD $12.6M recorded; bank operating loan CAD $198.9M.
- Pro forma combined financials for Powerfleet, MiX Telematics, and Complete Innovations for six months ended Sep 30, 2024 provided.

## SEC filing metadata
- accession: 0001493152-24-050408
- form_type: 8-K/A
- ticker: AIOT
- cik: 0001774170
- company_name: Powerfleet, Inc.
- filed_at: 2024-12-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1774170/000149315224050408/0001493152-24-050408-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1774170/000149315224050408/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-050408
- JSON: https://secwatch.observer/filing/0001493152-24-050408.json
- Plain text: https://secwatch.observer/filing/0001493152-24-050408.txt

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