Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Unregistered Sales of Equity
−Removed: Securities by the Issuer
−Removed: On March 31, 2023, Powerfleet issued to Swiss Re a ten-year warrant to
−Removed: purchase 800,000 shares of its common stock at an exercise price of $7.00 per share in connection with Powerfleet’s acquisition
−Removed: of Movingdots.
−Removed: The shares of common stock underlying the warrant were not registered under the Securities Act in reliance upon the exemption
−Removed: from registration provided by Section 4(a)(2) thereof and Regulation D promulgated thereunder, which exempts transactions by an issuer
−Removed: not involving any public offering.
of Equity Securities by the Issuer
−Removed: following table provides information regarding our shares withheld activity for each month of the quarterly period ended March 31, 2023
+Added: following table provides information regarding our shares withheld activity for each month of the quarterly period ended June 30, 2023
(in thousands).
2 unchanged sentences
of Shares that
−Removed: January 1, 2023 - January 31, 2023
−Removed: February 1, 2023 - February 28, 2023
−Removed: March 1, 2023 - March 31, 2023
+Added: April 1, 2023 - April 30, 2023
+Added: May 1, 2023 - May 31, 2023
+Added: June 1, 2023 - June 30, 2023
shares of common stock withheld to satisfy minimum tax withholding obligations in connection with the vesting of restricted stock.
following exhibits are filed with this Quarterly Report on Form 10-Q:
−Removed: Offer Letter, dated December 31, 2022, between PowerFleet, Inc.
−Removed: and David Wilson (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K of PowerFleet, Inc.
−Removed: filed with the SEC on January 4, 2023).†
−Removed: Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
−Removed: Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
−Removed: Certification of Principal Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C.
−Removed: § 1350 As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
−Removed: following financial statements from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, formatted
+Added: Certification
+Added: of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
+Added: Certification
+Added: of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.*
+Added: Certification
+Added: of Principal Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C.
+Added: § 1350 As Adopted Pursuant to Section 906
+Added: of the Sarbanes-Oxley Act of 2002.*
+Added: following financial statements from the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, formatted
in Inline XBRL:
−Removed: (i) Condensed Consolidated Balance Sheets as of December 31, 2022 and March
−Removed: (ii) Condensed Consolidated Statements of Operations for the three months ended March 31, 2022 and 2023;
−Removed: (iii) Condensed
−Removed: Consolidated Statements of Comprehensive Income ( Loss) for the three months ended March 31, 2022 and 2023;
−Removed: (iv) Condensed Consolidated Statement
−Removed: of Changes in Stockholders’ Equity for the periods January 1, 2022 through March 31, 2022 and January 1, 2023 through March
−Removed: (v) Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2022 and 2023;
−Removed: and (vi) Notes
−Removed: to Unaudited Condensed Consolidated Financial Statements.
−Removed: cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2023, formatted in Inline XBRL
+Added: (i) Condensed Consolidated Balance Sheets as of December 31, 2022 and June 30, 2023;
+Added: (ii) Condensed Consolidated Statements
+Added: of Operations for the three and six months ended June 30, 2022 and 2023;
+Added: (iii) Condensed Consolidated Statements of Comprehensive Loss
+Added: for the three and six months ended June 30, 2022 and 2023;
+Added: (iv) Condensed Consolidated Statement of Changes in Stockholders’ Equity
+Added: for the periods January 1, 2022 through June 30, 2022 and January 1, 2023 through June 30, 2023;
+Added: (v) Condensed Consolidated Statements
+Added: of Cash Flows for the six months ended June 30, 2022 and 2023;
+Added: and (vi) Notes to Unaudited Condensed Consolidated Financial Statements.
+Added: cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, formatted in Inline XBRL
(included as Exhibit 101).
Furnished herewith.
−Removed: † Management contract or compensatory
−Removed: plan or arrangement.
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 thereunto duly authorized.
+Added: August 10, 2023
Executive Officer
Executive Officer)
+Added: August 10, 2023
Financial Officer
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.