Mix Telematics

PowerFleet is set to acquire all of MiX’s issued ordinary shares in exchange for 0.12762 newly issued PowerFleet common stock shares along with potential cash for fractional shares. This merger transaction will result in the termination of MiX’s listing on the JSE, the delisting of MiX’s American Depositary Shares (ADS) from the NYSE. PowerFleet shares will be listed on the JSE via a secondary inward listing.
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