CalAmp Announces Completion of Strategic Financing with Lynrock Lake

December 19, 2023

https://www.globenewswire.com/news-release/2023/12/18/2798161/0/en/CalAmp-Announces-Completion-of-Strategic-Financing-with-Lynrock-Lake.html

IRVINE, Calif., Dec. 18, 2023 (GLOBE NEWSWIRE) — CalAmp (Nasdaq:CAMP), a connected intelligence company helping people and organizations improve operational performance with telematics solutions, today announced the closing of a $45 million strategic financing with Lynrock Lake Master Fund LP (“Lynrock”) in the form of a term loan maturing in November 2027. Lynrock is an existing holder of a large majority of CalAmp’s 2.00% Convertible Senior Notes maturing in August 2025 (the “Notes”). In connection with the execution of the term loan agreement, CalAmp is amending the Notes to add a security interest.

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