NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of PowerFleet, Inc. ("PowerFleet" or the "Company") (NASDAQ:PWFL). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether PowerFleet and certain of its officers and/or directors have engaged in securities fraud or 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 ...