On May 28, PowerFleet Filed Notice With Israel Securities Authority And TASE "Voluntarily Requesting To Delist Co's Common Stock From Trading On TASE
Portfolio Pulse from Benzinga Newsdesk
PowerFleet has filed a notice with the Israel Securities Authority and TASE to voluntarily delist its common stock from trading on TASE.
May 31, 2024 | 8:19 pm
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NEUTRAL IMPACT
PowerFleet has filed a notice to voluntarily delist its common stock from trading on TASE. This move may streamline its regulatory requirements and focus trading on US exchanges.
The delisting from TASE is a strategic move that could simplify regulatory compliance and concentrate trading activity in the US. However, the immediate impact on the stock price is likely neutral as it does not affect the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100