 WOODCLIFF LAKE, N.J., Jan. 28, 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 pricing of an underwritten public offering of 3,850,000 shares of its common stock at a public offering price of 6.50 per share. PowerFleet has also granted the underwriters a 30-day option to purchase up to an additional 577,500 shares of its common stock. The gross proceeds of the offering to PowerFleet are expected to be approximately 25,025,000, before deducting the underwriting discounts and commissions and other estimated offering expenses and before the exercise of the underwriters option to purchase additional shares. 