Powerfleet announces receipt of expected delinquency notification letters from nasdaq relating to non-compliance with nasdaq listing rule 5250(c)(1)

Submitted response to previously announced sec comment letter involving non-cash accounting issue; targeting to resolve matter within the month of august woodcliff lake, n.j. , aug. 16, 2024 /prnewswire/ -- powerfleet, inc. (nasdaq: aiot) today announced that on august 8 and august 15, 2024, the company received, as expected, written notices from the listing qualifications department of the nasdaq stock market llc ("nasdaq"), notifying the company that it did not timely file its transition report on form 10-kt for the transition period ended march 31, 2024 (the "form 10-kt") and its quarterly report on form 10-q for the quarter ended june 30, 2024 (the "form 10-q"), as required for continued listing on the nasdaq global market pursuant to nasdaq listing rule 5250(c)(1).
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