PowerFleet has received board approval for a $30 million share buyback program that may be executed over the next two years. The repurchase program is part of the company's capital allocation strategy and allows for periodic share purchases based on factors such as strategic priorities, financial position, and legal considerations. The authorization may be adjusted, deferred, or dismissed at the company's discretion and does not obligate PowerFleet to repurchase a specific number of shares.
PowerFleet, Inc.Board approves $30M share buyback program as part of capital allocation strategy.
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