CalAmp

American telematics company based in Irvine, California, and a fleet-tracking industry player for decades. In June 2024 it filed a voluntary Chapter 11 to execute a lender-backed debt-for-equity restructuring, emerging within weeks as a private company owned by Lynrock Lake Master Fund LP.

Researched by Muhammad Abdullah Al Yasin · 4 October 2026

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Country: United States
Headquarters: Irvine, California, United States
Industry: Telematics and connected-vehicle software
Chapter 11 filing: June 3, 2024 — voluntary petitions in the U.S. Bankruptcy Court for the District of Delaware
Restructuring support agreement: Signed May 31, 2024, with Lynrock Lake Master Fund LP
Debt converted to equity: Approximately $229 million of Convertible Senior Secured Notes
Assets vs liabilities at filing: $281.2 million in assets against $355.4 million in liabilities
Post-restructuring owner: Lynrock Lake Master Fund LP — 100% of the equity in the reorganized company
Nasdaq delisting: June 12, 2024; shares last closed at $0.40 on June 11 after falling 54% in 2024
Plan confirmation: July 11, 2024 — restructuring completed in under 60 days

Overview

CalAmp is an American telematics company based in Irvine, California, that spent decades as a major player in fleet tracking and vehicle-location technology before a 2024 balance-sheet crisis ended its run as a public company (Location Business News; SEC).

CalAmp’s Chapter 11 was not a liquidation but a surgical restructuring: on May 31, 2024, the company signed a Restructuring Support Agreement with its principal secured lender, Lynrock Lake Master Fund LP, to convert approximately $229 million of Convertible Senior Secured Notes into equity and take the company private, with allowed unsecured claims to be paid in full in cash (SEC).

The 60-day bankruptcy

On June 3, 2024, CalAmp and its subsidiaries — CalAmp Wireless Networks Corporation, LoJack Global LLC, and Synovia Solutions LLC — filed voluntary Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware to execute the prepackaged plan, continuing to operate as debtors in possession (SEC). At filing, the company estimated assets of about $281.2 million against liabilities of about $355.4 million (Location Business News).

The market had already rendered its verdict: shares had fallen 54% in 2024, closed at $0.40 on June 11, and were officially delisted from Nasdaq on June 12 — a long fall from a reported high of $987.56 per share in July 2000 (Location Business News). The restructuring plan contemplated the cancellation of all existing equity interests, and the SEC filing warned shareholders they could face a complete loss (SEC; Nasdaq).

The court confirmed the plan on July 11, 2024 — completing the restructuring in under 60 days. Lynrock Lake Master Fund took 100% ownership of the reorganized private company, and prior shareholders were wiped out (ad-hoc-news.de).

The private-company rebirth

Independent editorial coverage describes the post-bankruptcy CalAmp as freed from quarterly-earnings pressure, with the central question being whether it can use its deleveraged balance sheet to fund R&D and compete against larger publicly traded rivals in fleet management and industrial IoT (ad-hoc-news.de). The company continues to operate across edge devices, telematics solutions, connected-car services, and student transportation — but as a private entity, its financial performance is no longer independently reported, and its post-2024 operating claims rest on company-published materials alone.

What this profile does not claim

This profile does not verify CalAmp’s post-emergence financial results, subscriber counts, or cash position — all published figures since 2024 come from the company’s own releases. It does not confirm the reported March 2026 CEO transition, the RAC partnership expansion, or supplier certifications from independent sources. It does not assert a founding year. The bankruptcy facts above are drawn from the SEC filing and independent reporting; the company’s own characterization of its recovery is deliberately excluded.

Timeline

2024-05-31: CalAmp signs a Restructuring Support Agreement with Lynrock Lake Master Fund LP to convert about $229 million of secured notes into equity and take the company private.
2024-06-03: CalAmp and subsidiaries file voluntary Chapter 11 petitions in Delaware to execute the prepackaged restructuring plan.
2024-06-12: CalAmp's shares are officially delisted from Nasdaq after closing at $0.40 the prior day.
2024-07-11: The bankruptcy court confirms the restructuring plan; CalAmp emerges as a private company owned by Lynrock Lake.

What we could not verify

These claims came up in research and could not be confirmed. They are recorded here rather than published as fact or quietly dropped. If you hold a source that settles one, please tell us.

Post-emergence operating and financial claims (2024 revenue of $197M, 2.7M+ subscribers, 2025 free cash flow of $41M, $64M cash, zero debt) come from company press releases and could not be verified from independent sources.
The March 2026 CEO appointment of Maurizio Iperti (succeeding Chris Adams) was announced only in a company press release; no independent coverage was found.
CalAmp's founding year (commonly given as 1981) appears in Wikipedia leads but was not verified from a fully read independent source.
The January 2026 RAC partnership expansion and Toyota Motor Europe / Caterpillar supplier recognitions are company-announced and unverified independently.

Sources

4 sources (1 tier 1, 2 tier 2, 1 tier 3), each opened and read against the claim it supports. Every source is independent of the subject; no first-party material is cited. See the source policy.

Form 8-K — CalAmp Corp. (Restructuring Support Agreement and Chapter 11 Filing) Tier 1
U.S. Securities and Exchange Commission, 2024-06-03 Supports: RSA terms ($229M notes-to-equity, go-private plan, cancellation of existing equity, unsecured creditors paid in full), Chapter 11 petition date and court, Irvine headquarters Open original source
Telematics Company CalAmp Declares Bankruptcy, Goes Private Tier 2
Location Business News, 2024-06-12 Supports: Assets/liabilities at filing, Lynrock deal terms, share-price collapse, delisting date, decades-long industry history Open original source
CalAmp's Restructuring Journey: Debt, Bankruptcy, and Future Tier 2
Nasdaq (TipRanks Newsdesk), 2024-06-03 Supports: Restructuring support agreement, Chapter 11 filing, go-private aim, shareholder-loss warning Open original source
CalAmp's Rebirth: A Private Company Emerges from Restructuring Tier 3
ad-hoc-news.de (boerse-global.de editorial), 2026-02-11 Supports: Completion of Chapter 11, July 2024 court approval, $229M debt-to-equity conversion, Lynrock 100% ownership, prior shareholders' total loss, private-company roadmap framing Open original source

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