Form 8-K - Current report
May 31 2024 - 4:10PM
Edgar (US Regulatory)
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2024-05-28
2024-05-28
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of Report (Date of earliest event reported): May 28, 2024
POWERFLEET,
INC.
(Exact
Name of Registrant as Specified in its Charter)
Delaware |
|
001-39080 |
|
83-4366463 |
(State
or Other Jurisdiction
of Incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer
Identification No.) |
123
Tice Boulevard, Woodcliff Lake, New Jersey |
|
07677 |
(Address
of Principal Executive Offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code (201) 996-9000
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (see General Instruction A.2. below):
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, par value $0.01 per share |
|
PWFL |
|
The
Nasdaq Global Market |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
8.01. Other Events.
On
May 28, 2024, Powerfleet, Inc. (the “Company”) filed a notice with the Israel Securities Authority and the Tel Aviv Stock
Exchange (the “TASE”) voluntarily requesting to delist the Company’s common stock from trading on the TASE. On May
28, 2024, the TASE issued a notice confirming the Company’s request to delist, noting that the last day of trading of the Company’s
common stock on the TASE will be August 27, 2024 and that the delisting of the Company’s common stock is expected to take effect
on August 29, 2024.
The
Company’s common stock will continue to be listed for trading on The Nasdaq Global Market (“Nasdaq”) and the Johannesburg
Stock Exchange (the “JSE”).
Forward-Looking
Statements
Certain
statements made in this report constitute forward-looking statements within the meaning of the federal securities laws. All statements
contained in this report that do not relate to matters of historical fact should be considered forward-looking statements. For example,
forward-looking statements include, without limitation, statements regarding the anticipated timing of the delisting of the Company’s
common stock on the TASE and the expectation that the Company’s common stock will continue to be listed on Nasdaq and the JSE.
These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees
and are subject to risks described from time to time in the Company’s periodic filings with the Securities and Exchange Commission.
The forward-looking statements included in this report are made only as of the date of this report, and, unless otherwise required by
applicable law, the Company assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to
do so, whether as a result of new information, future events or otherwise.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
|
POWERFLEET,
INC. |
|
|
|
|
By: |
/s/
David Wilson |
|
Name: |
David
Wilson |
|
Title: |
Chief
Financial Officer |
Date:
May 31, 2024
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