As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the internet of things industry, including PowerFleet (NASDAQPWFL) and its peers.
NEW YORK, April 18, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against PowerFleet, Inc. (“PowerFleet” or the “Company”) (NASDAQPWFL) on behalf of PowerFleet stockholders. Our investigation concerns whether PowerFleet has violated the federal securities laws and/or engaged in other unlawful business practices.
On October 10,2023, Powerfleet (NASDAQPWFL) and MiX Telematics announced that they have entered into a definitive agreement to form one of the largest mobile asset Internet of Things (“IoT”) Software-as-a-Service (“SaaS”) providers in the world. This powerful combination will form a scaled, global entity of choice focused on helping customers save lives, time, and money by solving mission-critical business challenges including safety and risk management, compliance , sustainability , and operational efficiency. On February 28, 2024, the companies announced they have received shareholder approval on the proposals related to the business combination between the parties. The transaction is expected to close the first week of April 2024, subject to the satisfaction of remaining customary conditions. Upon closing, the combined business will be branded as Powerfleet, with its primary listing on Nasdaq. For more information, visit the company’s website at www.powerfleet.com .
MiX Telematics Limited (NYSE: MIXT, JSE: MIX) and Powerfleet (Nasdaq: PWFL) announced that they will be presenting at the Raymond James TMT and Consumer Conference being held December 4-6, 2023, at the Lotte New York Palace in New York, NY.
