Powerfleet Inc
For the period ended Jun 30, 2024. Filed Aug 28, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 28, 2024
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Item 1A. Risk Factors
Our business is subject to numerous risks, a number of which are described under Part I, Item 1A. “Risk Factors” in our Transition Report on Form 10-KT for the transition period ended March 31, 2024. As of June 30, 2024, there have been no material changes in the risk factors previously disclosed.
These risks should be carefully considered together with the other information set forth in this report, which could materially affect our business, financial condition and future results. The risks described under Part I, Item 1A. “Risk Factors” in our Transition Report on Form 10-KT for the transition period ended March 31, 2024 are not the only risks we face. Risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and operating results.
Purchases of Equity Securities by the Issuer
The following table provides information regarding our share repurchase activity for each month of the quarterly period ended June 30, 2024 (in thousands, except per share data). These shares were withheld to satisfy minimum tax withholding obligations in connection with the vesting of restricted stock.
| Period · Total Number of Shares Purchased · Average Price Paid per Share · Total Numberof Shares Purchased as Part of PubliclyAnnounced Plansor Programs · ApproximateDollar Value ofShares that May YetBe Purchased Underthe Plans orPrograms | |||||
|---|---|---|---|---|---|
| April 1, 2024 - April 30, 2024 | 566 | (1) | $5.01 | $— | $— |
| May 1, 2024 - May 31, 2024 | — | $— | $— | $— | |
| June 1, 2024 - June 30, 2024 | — | $— | $— | $— | |
| 566 | $5.01 | $— | $— | ||
(1) Represents shares of common stock withheld to satisfy minimum tax withholding obligations in connection with the vesting of restricted stock
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