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v3.24.3

SUBSEQUENT EVENTS (Details) - USD ($) | Oct. 01, 2024 | Sep. 30, 2024 | Sep. 27, 2024 | Sep. 18, 2024
--- | --- | --- | --- | ---
New RMB Term Facility |  |  |  |
Subsequent Event |  |  |  |
Refinancing fee prepayment, minimum amount |  |  | $ 5,000,000 |
Refinancing fee prepayment, integral multiples amount |  |  | $ 1,000,000 |
Interest rate |  |  | 5.00% |
Interest rate, default interest rate |  |  | 7.00% |
Period One | New RMB Term Facility |  |  |  |
Subsequent Event |  |  |  |
Refinancing fee payment, percentage |  |  | 2.00% |
Period Two | New RMB Term Facility |  |  |  |
Subsequent Event |  |  |  |
Refinancing fee payment, percentage |  |  | 1.00% |
Period Three | New RMB Term Facility |  |  |  |
Subsequent Event |  |  |  |
Refinancing fee payment, percentage |  |  | 0.00% |
Private Placement |  |  |  |
Subsequent Event |  |  |  |
Escrow deposit |  |  |  | $ 61,850,000
Sale of stock, consideration received per transaction |  | $ 62,000,000 |  |
RMB Term Facility |  |  |  |
Subsequent Event |  |  |  |
Aggregate principal amount |  |  | $ 125,000,000 |
Subsequent Event |  |  |  |
Subsequent Event |  |  |  |
Escrow deposit | $ 3,850,000 |  |  |
Subsequent Event | New RMB Term Facility |  |  |  |
Subsequent Event |  |  |  |
Payment for non-refundable deal structuring fee | 1,250,000 |  |  |
Subsequent Event | Private Placement |  |  |  |
Subsequent Event |  |  |  |
Sale of stock, remaining cost to issue common stock received on transaction | 8,000,000 |  |  |
Subsequent Event | RMB Term Facility |  |  |  |
Subsequent Event |  |  |  |
Proceeds from issuance of long-term debt | 125,000,000 |  |  |
Fleet Complete | Subsequent Event |  |  |  |
Subsequent Event |  |  |  |
Total fair value of preliminary consideration | 200,000,000 |  |  |
Business acquisition, equity interest issued or issuable, purchase price | $ 15,000,000 |  |  |
Shares of Powerfleet common stock to be issued for MiX Telematics ordinary shares outstanding (in shares) | 4,285,714 |  |  |
Business acquisition, cash portion purchase price | $ 60,000,000 |  |  |
Sale of stock, working capital | $ 10,000,000 |  |  |

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