UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 8.01. Other Events.
As previously disclosed in the Form 12b-25 filed by Powerfleet, Inc. (the “Company”) with the Securities and Exchange Commission (the “SEC”) on March 15, 2024, the Company was unable to file its Annual Report on Form 10-K for its fiscal year ended December 31, 2023 (the “Form 10-K”) by March 15, 2024, the original due date for the Form 10-K, without unreasonable effort or expense. Although the Company continues to work diligently to complete the necessary work related to its financial reporting procedures, the Company no longer anticipates that it will be able to file the Form 10-K within the extension period of 15 calendar days as provided under Rule 12b-25 of the Securities Exchange Act of 1934, as amended. The Company will file the Form 10-K as soon as reasonably practicable.
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 Company’s anticipated filing of the Form 10-K. 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 SEC. 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: April 1, 2024 | ||