CalAmp Entered Into Restructuring Support Agreement To Take Company Private
Portfolio Pulse from Benzinga Newsdesk
CalAmp has entered into a restructuring support agreement to take the company private, with Lynrock set to become the principal equity owner. The company will continue to operate as usual and will have enhanced liquidity to invest in innovation.
June 03, 2024 | 1:26 pm
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CalAmp is entering a restructuring support agreement to go private, with Lynrock becoming the principal equity owner. The company will continue its operations as usual and will have enhanced liquidity to invest in innovation.
The restructuring support agreement to take CalAmp private is a significant move that will likely result in a positive short-term impact on the stock price. The enhanced liquidity and continued business operations are positive signals for investors.
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