PWFL Stock Alert

Halper Sadeh LLC Is Investigating Whether the Merger of PowerFleet, Inc. Is Fair to Shareholders

Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of PowerFleet, Inc. (NASDAQ: PWFL) and MiX Telematics Limited is fair to PowerFleet shareholders. Upon completion of the proposed transaction, current PowerFleet shareholders will own approximately 35% of the combined company.

Halper Sadeh encourages PowerFleet shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at [phone] or [e-mail] or [e-mail].

The investigation concerns whether PowerFleet and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for PowerFleet shareholders; and (2) disclose all material information necessary for PowerFleet shareholders to adequately assess and value the merger consideration. On behalf of PowerFleet shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh encourages PowerFleet shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at [phone] or [e-mail] or [e-mail].

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231010591046/en/

The PowerFleet Stock at the time of publication of the news with a raise of +46,19 % to 2,880EUR on Nasdaq stock exchange (10. Oktober 2023, 15:52 Uhr).