Powerfleet Files S-1/A Amendment

TL;DR

Powerfleet filed an S-1/A on 12/5/24, updating financials for FY ending 3/31/24. MixTelematics revenue breakdown included.

AI Summary

Powerfleet, Inc. filed an S-1/A amendment on December 5, 2024, related to its registration statement. The filing details financial information for the fiscal year ending March 31, 2024, including revenues from its MixTelematics Limited segment, which comprises subscription and hardware/other services. The company's principal executive offices are located at 123 Tice Blvd., Woodcliff Lake, NJ.

Why It Matters

This S-1/A filing provides updated financial disclosures for Powerfleet, Inc., offering insights into its revenue streams and operational performance for investors and stakeholders.

Risk Assessment

Risk Level: medium — S-1/A filings often indicate significant corporate actions like stock offerings or debt issuances, which carry inherent market risks.

Key Numbers

• 2024-03-31 — Fiscal Year End (Financial reporting period)
• 2023-04-01 — Fiscal Year Start (Financial reporting period)

Key Players & Entities

• Powerfleet, Inc. (company) — Filer
• MixTelematics Limited (company) — Segment/Subsidiary
• 20241205 (date) — Filing Date
• 0331 (date) — Fiscal Year End
• 123 Tice Blvd. (address) — Principal Business Address
• Woodcliff Lake, NJ (address) — Principal Business Address

FAQ

Key Financial Figures

• $7.04 — n stock on The Nasdaq Global Market was $7.04 per share. You should read this prosp
• $200 m — lete for an aggregate purchase price of $200 million, subject to certain customary wor
• $3.50 — cement Shares") at a price per share of $3.50 for aggregate gross proceeds of $70 mil
• $70 million — f $3.50 for aggregate gross proceeds of $70 million. The Subscription Agreement requires

Filing Documents

• forms-1a.htm (S-1/A) — 1974KB
• ex23-2.htm (EX-23.2) — 4KB
• ex23-3.htm (EX-23.3) — 4KB
• forms-1a_001.jpg (GRAPHIC) — 17KB
• 0001493152-24-048726.txt ( ) — 10836KB
• aiot-20240331.xsd (EX-101.SCH) — 73KB
• aiot-20240331_cal.xml (EX-101.CAL) — 128KB
• aiot-20240331_def.xml (EX-101.DEF) — 608KB
• aiot-20240331_lab.xml (EX-101.LAB) — 551KB
• aiot-20240331_pre.xml (EX-101.PRE) — 594KB
• forms-1a_htm.xml (XML) — 2050KB

USE OF PROCEEDS

USE OF PROCEEDS 5 SELLING STOCKHOLDERS 6 PLAN OF DISTRIBUTION 10 LEGAL MATTERS 12 EXPERTS 12 WHERE YOU CAN FIND MORE INFORMATION 12 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 13 Unaudited Pro Forma Combined Financial Information 14 INDEX TO FINANCIAL STATEMENTS F-1 i ABOUT THIS PROSPECTUS This prospectus is part of a registration statement on Form S-1 that we filed with the Securities and Exchange Commission (the "SEC") using the "shelf" registration process. Under this shelf registration process, the selling stockholders identified herein (or their pledgees, donees, transferees or other successors-in-interest) may, from time to time, sell or otherwise dispose of the shares of common stock described in this prospectus in one or more offerings. We will not receive any proceeds from the sale by such selling stockholders of the shares of common stock offered by them described in this prospectus. This prospectus provides you with a general description of the shares of our common stock that the selling stockholders may sell or otherwise dispose of. You should rely only on the information provided in this prospectus, as well as the information incorporated by reference into this prospectus and any applicable prospectus supplement. If there is any inconsistency between the information in this prospectus and any prospectus supplement, you should rely on the information provided in the prospectus supplement. Neither we nor the selling stockholders have authorized anyone to provide you with any information or to make any representations other than those contained in this prospectus or any applicable prospectus supplement. Neither we nor the selling stockholders take responsibility for and can provide no assurance as to the reliability of, any other information that others may give you. You should not assume that the information in this prospectus or any applicable prospectus supplement is accurate as of any date other than the

View Full Filing

View this S-1/A filing on SEC EDGAR