Inseego (INSG) filed a registration statement Tuesday for the potential sale of up to $50 million of securities from time to time in one or more offerings.
The filing covers common and preferred stock, warrants, debt securities and units.
The company said it plans to use the net proceeds for general corporate purposes and working capital. It would not receive proceeds from sales of securities by security holders, who may also offer and sell securities from time to time in one or more transactions, according to the filing.
Shares of Inseego were up 4.9% in recent trading.
Price: 15.46, Change: +0.72, Percent Change: +4.88