PowerFleet Announces $30 Million Stock Repurchase Program

By Ahmed Jamerson • Wednesday, July 01 10:48 • Permanent Link

PowerFleet’s board approved a new stock repurchase program authorizing up to $30 million of its common stock over the next 24 months.

The buyback gives the company a fresh capital-allocation tool after the June 30, 2026 announcement. PowerFleet said the program can be used “from time to time,” with the timing, price, and size of repurchases left to management’s discretion.

The company did not specify an immediate repurchase schedule, but the authorization sets a ceiling of $30 million and runs for two years. PowerFleet said the program can be modified, suspended, or discontinued at any time. Today the company's shares have moved 15.01% to a price of $4.405. Check out the company's full 8-K submission here.

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