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Form 8-K: Current report relating to a share repurchase program
POWERFLEET, INC.
Incorporated in the United States of America
(File number: 7272486)
Nasdaq share code: AIOT JSE share code: PWR
ISIN: US73931J1097
LEI 2549007NKEFPYEH4MF81
("Powerfleet" or "Company")
FORM 8-K: CURRENT REPORT RELATING TO A SHARE REPURCHASE PROGRAM
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, Powerfleet stockholders are advised that a Form
8-K (the "Form 8-K") has been filed with the U.S. Securities and Exchange Commission.
On June 30, 2026, the Company issued a press release announcing that the Company's board of directors has authorized
a stock repurchase program, pursuant to which the Company may repurchase, from time to time, up to an aggregate of
$30 million of the Company's outstanding shares of common stock over the next 24 months.
The stock repurchase program provides the Company with flexibility to repurchase shares opportunistically as part of
its broader capital allocation strategy. Repurchases under the stock repurchase program may be made at any time or
from time to time through open market purchases, privately negotiated transactions or other legally permissible means,
in each case in accordance with all applicable laws and regulations in effect from time to time, including, without
limitation, Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended.
The timing, manner, price and amount of any repurchases will depend on a variety of factors, including market
conditions, applicable legal requirements, and the Company's financial condition and capital allocation priorities, and
will be subject to obtaining any required lender consent under the Company's credit facilities. The stock repurchase
program does not obligate the Company to repurchase any specific number of shares or any shares at all and may be
modified, suspended or discontinued at any time.
A copy of the filing can be found at: https://www.sec.gov/edgar/browse/?CIK=1774170&owner=exclude.
Powerfleet has a primary listing on The Nasdaq Global Market and a secondary listing on the Main Board of the JSE.
July 1, 2026
Sponsor
Java Capital
Date: 01-07-2026 12:00:00
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