0001535264-24-000044.txt : 20240610
0001535264-24-000044.hdr.sgml : 20240610
20240610163849
ACCESSION NUMBER: 0001535264-24-000044
CONFORMED SUBMISSION TYPE: SC 13G/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20240610
DATE AS OF CHANGE: 20240610
GROUP MEMBERS: ADAM STETTNER
GROUP MEMBERS: AWM INVESTMENT CO INC.
GROUP MEMBERS: DAVID GREENHOUSE
GROUP MEMBERS: MG ADVISERS, L.L.C.
GROUP MEMBERS: MGP ADVISERS LIMITED PARTNERSHIP
GROUP MEMBERS: SPECIAL SITUATIONS CAYMAN FUND, L.P.
GROUP MEMBERS: SPECIAL SITUATIONS FUND III QP, L.P.
GROUP MEMBERS: SPECIAL SITUATIONS PRIVATE EQUITY FUND, L.P.
GROUP MEMBERS: SSCAYMAN, L.L.C.
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: Powerfleet, Inc.
CENTRAL INDEX KEY: 0001774170
STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669]
ORGANIZATION NAME: 04 Manufacturing
IRS NUMBER: 834366463
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-91154
FILM NUMBER: 241033316
BUSINESS ADDRESS:
STREET 1: 123 TICE BLVD.
CITY: WOODCLIFF LAKE
STATE: NJ
ZIP: 07677
BUSINESS PHONE: 201-996-9000
MAIL ADDRESS:
STREET 1: 123 TICE BLVD.
CITY: WOODCLIFF LAKE
STATE: NJ
ZIP: 07677
FORMER COMPANY:
FORMER CONFORMED NAME: PowerFleet, Inc.
DATE OF NAME CHANGE: 20190417
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: AWM Investment Company, Inc.
CENTRAL INDEX KEY: 0001535264
ORGANIZATION NAME:
IRS NUMBER: 113086452
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G/A
BUSINESS ADDRESS:
STREET 1: 527 MADISON AVENUE
STREET 2: SUITE 2600
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-319-6670
MAIL ADDRESS:
STREET 1: 527 MADISON AVENUE
STREET 2: SUITE 2600
CITY: NEW YORK
STATE: NY
ZIP: 10022
SC 13G/A
1
PowerFleet13g053124.txt
PWFL 13G/A
THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
PowerFleet, Inc.
(Name of Issuer)
Common Stock, No Par Value
(Title of Class of Securities)
73931J109
(CUSIP Number)
May 31, 2024
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person?s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be filed for the purpose of Section 18 of the Securities
Exchange Act of 1934 (Act) or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
CUSIP No. 73931J109
(1) Names of Reporting Persons. I.R.S. Identification Nos. of
Above Persons (entities only):
AWM Investment Company, Inc.
(2) Check the Appropriate Box if a Member of a Group (See
Instructions) (a)___ b)___
(3) SEC Use Only
(4) Citizenship or Place of Organization: Delaware, United States
Number of Shares Beneficially
Owned by Each Reporting Person
With
(5) Sole Voting Power:
3,426,402**
(6) Shared Voting Power: 0**
(7) Sole Dispositive Power:
3,426,402**
(8) Shared Dispositive Power: 0**
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person: 3,426,402**
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions):
(11) Percent of Class Represented by Amount in Row (9): 3.0%**
(12) Type of Reporting Person (See Instructions): IA
**AWM Investment Company, Inc., a Delaware corporation (AWM), is the
investment adviser to Special Situations Cayman Fund, L.P. (CAYMAN),
Special Situations Fund III QP, L.P. (SSFQP) and Special Situations
Private Equity Fund, L.P. (SSPE). (CAYMAN, SSFQP and SSPE will
hereafter be referred to as the Funds). As the investment adviser to
the Funds, AWM holds sole voting and investment power over 657,925
shares of Common Stock of the Issuer (the Shares) held by CAYMAN,
2,095,638 Shares held by SSFQP and 672,839 Shares held by SSPE. See
Items 2 and 4 of this Schedule for additional information.
Item 1(a). Name Of Issuer: PowerFleet, Inc.
Item 1(b). Address of Issuer?s Principal Executive Offices:
123 Tice Blvd.
Woodcliff Lake, New Jersey 07677
Item 2(a). Name of Person Filing:
The person filing this report is AWM Investment Company, Inc.,
a Delaware corporation (AWM), which is the investment adviser
to Special Situations Cayman Fund, L.P., a Cayman Islands
Limited Partnership (CAYMAN), Special Situations Fund III QP,
L.P., a Delaware limited partnership (SSFQP) and Special
Situations Private Equity Fund, L.P., a Delaware limited
partnership (SSPE), (CAYMAN, SSFQP and SSPE, will hereafter be
referred to as the Funds). The principal business of each Fund
is to invest in equity and equity-related securities and other
securities of any kind or nature.
David M. Greenhouse (Greenhouse) and Adam C. Stettner
(Stettner) are members of SSCayman, L.L.C., a Delaware limited
liability company (SSCAY), the general partner of CAYMAN.
Greenhouse and Stettner are members of MGP Advisers Limited
Partnership, a Delaware limited partnership (MGP), the general
partner of SSFQP and MG Advisers, L.L.C., a New York limited
liability company (MG), the general partner of SSPE. Greenhouse
and Stettner are also controlling principals of AWM.
Item 2(b). Address of Principal Business Office or, if None,
Residence:
The principal business address for AWM is c/o Special
Situations Funds, 527 Madison Avenue, Suite 2600, New York, NY
10022.
Item 2(c). Citizenship: AWM is a Delaware Corporation.
Item 2(d). Title of Class of Securities: Common Stock, No Par Value
Item 2(e). CUSIP No.: 73931J109
Item 3. If This Statement Is Filed Pursuant to ??240.13d-1(b) or
240.13d-2(b) or (c), check whether the Person Filing is a:
Not Applicable.
Item 4. Ownership
(a) Amount Beneficially Owned: 3,426,402**
(b) Percent of Class: 3.0%**
(c) Number of Shares as to which the person has:
(i) sole power to vote or to direct the vote: 3,426,402**
(ii) shared power to vote or to direct the vote: 0**
(iii) sole power to dispose or to direct the disposition of:
3,426,402**
(iv) shared power to dispose or to direct the disposition
of: 0**
______________________________________________________________________
** AWM is the investment adviser to each of the Funds. As the
investment adviser to the Funds, AWM holds sole voting and investment
power over 657,925 shares of common stock of the Issuer (the Shares)
held by CAYMAN, 2,095,638 Shares held by SSFQP and 672,839 Shares held
by SSPE. Greenhouse and Stettner are members of: SSCAY, the general
partner of CAYMAN. Greenhouse and Stettner are members of MGP, the
general partner of SSFQP and MG, the general partner of SSPE.
Greenhouse and Stettner are also controlling principals of AWM.
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the
following. _X__
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company or Control Person
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is
true, complete and correct.
Dated: June 10, 2024
AWM INVESTMENT COMPANY, INC.
By: /s/ Adam Stettner___
Name: Adam Stettner
Title: Executive Vice President
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
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