PWFL - POWERFLEET ALERT: Bragar Eagel & Squire P.C. is Investigating PowerFleet Inc. on Behalf of PowerFleet Stockholders and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, April 18, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against PowerFleet, Inc. ("PowerFleet" or the "Company") (NASDAQ:PWFL) on behalf of PowerFleet stockholders. Our investigation concerns whether PowerFleet has violated the federal securities laws and/or engaged in other unlawful business practices.
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On April 5, 2024, PowerFleet disclosed in a filing with the U.S. Securities and Exchange Commission ("SEC") that the Company had "received written notice (the ‘Nasdaq Notification Letter') from the Listing Qualifications Department of The Nasdaq Stock Market LLC (‘Nasdaq') notifying the Company that it did not timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 (the ‘2023 Form 10-K'), as required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5250(c)(1). Under Nasdaq rules, the Company has 60 calendar days from the date of the Nasdaq Notification Letter to submit to Nasdaq a plan to ...