Calamp (CAMP) has issued an update.
CalAmp Corp. has entered into a Restructuring Support Agreement to address its financial challenges, converting substantial debt to equity and aiming to become a private entity. Simultaneously, the company has filed for Chapter 11 bankruptcy to facilitate the restructuring while continuing its operations. Shareholders are cautioned as equity values may be significantly affected, with a potential complete loss, depending on the bankruptcy outcomes and restructuring success.
For detailed information about CAMP stock, go to TipRanks’ Stock Analysis page.