secwatch.observer — SEC 8-K summary
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Issuer:     Powerfleet, Inc. (AIOT)
CIK:        0001774170
Form:       8-K/A
Filed at:   2024-12-17T23:59:59+00:00
Accession:  0001493152-24-050408
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1774170/000149315224050408/0001493152-24-050408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1774170/000149315224050408/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-050408

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer