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
Company Research
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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News
- Inseego Corp. (NASDAQ: INSG) had its price target raised by analysts at Stifel Nicolaus from $11.00 to $17.00. They now have a "hold" rating on the stock.MarketBeat
- Small-cap stocks have climbed recently. Here are the ones most poised for further upside [Seeking Alpha]Seeking Alpha
- Inseego sells its telematics business for $52M [Seeking Alpha]Seeking Alpha
- Inseego Announces Sale of Telematics Business For $52 Million in CashBusiness Wire
- Are You Looking for a Top Momentum Pick? Why Inseego (INSG) is a Great Choice [Yahoo! Finance]Yahoo! Finance
INSG
Earnings
- 8/7/24 - Miss
INSG
Analyst Actions
- 9/17/24 - Stifel
INSG
Sec Filings
- 9/24/24 - Form 8-K
- 9/16/24 - Form 8-K
- 9/11/24 - Form 8-K
- INSG's page on the SEC website