PowerFleet Inc. (PWFL) Prices 3.85M Share Common Offering at $6.50/Sh

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Go back to PowerFleet Inc. (PWFL) Prices 3.85M Share Common Offering at $6.50/Sh

PowerFleet Announces Pricing of Underwritten Public Offering

January 28, 2021 9:22 AM EST

WOODCLIFF LAKE, N.J., Jan. 28, 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 the pricing of an underwritten public offering of 3,850,000 shares of its common stock at a public offering price of $6.50 per share. PowerFleet has also granted the underwriters a 30-day option to purchase up... More