PowerFleet Inc. (PWFL) Announces Proposed Share Offering

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Go back to PowerFleet Inc. (PWFL) Announces Proposed Share Offering

PowerFleet Announces Proposed Underwritten Public Offering

January 27, 2021 4:34 PM EST

WOODCLIFF LAKE, N.J., Jan. 27, 2021 (GLOBE NEWSWIRE) -- PowerFleet, Inc. (Nasdaq: PWFL), a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as material handling equipment, tractor trailers, containers, cargo, automobiles, and light and heavy-duty truck fleets, today announced that it intends to offer shares of its common stock in an underwritten public offering. PowerFleet expects to grant the underwriters a 30-day option to purchase up to an additional 15% of... More