Inseego Continues Debt Reduction and Capital Structure Improvements
Inseego Corp. (INSG)
Last inseego corp. earnings: 3/11 04:23 pm
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US:NASDAQ Investor Relations:
investor.inseego.com/investor-relations
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Source: Business Wire
Company pays-down $9.5 million, or 49%, of short-term loan to further reduce debt and improve Balance Sheet; Company also signs agreement to exchange additional $5 million of Convertible Notes into long-term debt and equity SAN DIEGO--(BUSINESS WIRE)--Inseego Corp. (Nasdaq: INSG) (the “Company” or “Inseego”), a technology leader in 5G mobile and fixed wireless solutions for mobile network operators, Fortune 500 enterprises, and SMBs, is continuing to improve its capital structure and reduce its total debt. Today, Inseego announced that it has (i) voluntarily paid-down an aggregate of $9.5 million, or approximately 49%, of the Company’s outstanding short-term loan, and (ii) entered into a binding agreement (the “Exchange Term Sheet”) with another holder of $5 million in principal amount of the Company’s outstanding 3.25% convertible notes due 2025 (the “2025 Convertible Notes”) to exchange the 2025 Convertible Notes into long-term debt and equity.“We’re executing on our commitment t
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INSG
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