 WOODCLIFF LAKE, N.J., Feb. 01, 2021 GLOBE NEWSWIRE -- PowerFleet, Inc. Nasdaq: PWFL, a global leader and provider of subscription-based wireless IoT and M2M solutions for securing, controlling, tracking, and managing high-value enterprise assets such as material handling equipment, tractor trailers, containers, cargo, automobiles, and light and heavy-duty truck fleets, today announced the closing of its previously announced underwritten public offering of 4,427,500 shares of its common stock, including the full exercise of the underwriters option to purchase an additional 577,500 shares of its common stock. The shares were offered by PowerFleet at a price to the public of 6.50 per share. The gross proceeds of the offering to PowerFleet are approximately 28.8 million, before deducting the underwriting discounts and commissions and other estimated offering expenses. 