Inseego Completes Material Debt Reduction in Closing Restructuring of Convertible Notes due 2025 [Yahoo! Finance]
Inseego Corp. (INSG)
Last inseego corp. earnings: 3/11 04:23 pm
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Source: Yahoo! Finance
Company has now repurchased or exchanged at a discount approximately $147 million, or 91% of aggregate principal amount, of the $162 million of the convertible notes SAN DIEGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Inseego Corp. (Nasdaq: INSG) (the “Company”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises and SMBs, announced today that it has completed its initiative to overhaul the Company's capital structure to reduce total debt and restructure its outstanding 3.25% convertible notes due 2025 (the “2025 Convertible Notes”). On November 6, 2024, the Company executed the exchange (the “Exchange Transactions”) of $91.5 million of face value of the 2025 Convertible Notes held by certain holders (the “Exchanging Noteholders”) pursuant to agreements that were previously entered into. In connection with the Exchange Transactions, the Company issued to the Exchanging Noteholders in concurrent private placement transactio
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News
- Inseego Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Inseego Corp. (NASDAQ: INSG) had its price target lowered by analysts at TD Cowen from $20.00 to $16.00. They now have a "hold" rating on the stock.MarketBeat
- Nomad Internet to Host its First Ever Nomad Internet Summit in Boulder, CO, Aiming to Bridge the Digital Divide in America [Yahoo! Finance]Yahoo! Finance
- Inseego Shares Rise on Roth MKM Upgrade to Buy, Citing Balance Sheet Improvement and Product Growth [Yahoo! Finance]Yahoo! Finance
- Inseego Corp. (NASDAQ: INSG) was upgraded by analysts at Roth Capital from a "hold" rating to a "strong-buy" rating.MarketBeat
INSG
Earnings
- 11/12/24 - Miss
INSG
Sec Filings
- 11/18/24 - Form 4
- 11/14/24 - Form SCHEDULE
- 11/14/24 - Form 3
- INSG's page on the SEC website