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Calamp (CAMPQ) just unveiled an update.
CalAmp Corp. and its subsidiaries have successfully completed a financial restructuring through a prepackaged Chapter 11 Plan of Reorganization, emerging from bankruptcy with an amended credit agreement. The restructuring agreement with Lynrock Lake Master Fund LP has resulted in the cancellation of certain secured notes and amendments to CalAmp’s bylaws and certificate of incorporation, including changes to the board structure and the fiscal year end. This strategic move is aimed at strengthening the company’s financial position and is a key step forward for CalAmp’s operational and fiscal health.
Learn more about CAMPQ stock on TipRanks’ Stock Analysis page.