Inseego Corp. Completes Milestone by Repaying $15 Million in Convertible Notes Due 2025

Reuters

05-02

<a href="https://laohu8.com/S/INSG">Inseego</a> Corp. Completes Milestone by Repaying $15 Million in Convertible Notes Due 2025

SAN DIEGO-May 1, 2025 - Inseego Corp. (Nasdaq: INSG), a leader in wireless broadband solutions, announced a significant achievement in its financial strategy by completing the repayment of the remaining $15 million balance on its 3.25% convertible notes due 2025. This milestone marks a crucial step in the company's capital structure management, leading to a substantial reduction in total debt over the past year by over $100 million, or approximately 75%. Following this repayment, Inseego's outstanding debt stands at approximately $40.9 million in new senior secured notes due in 2029, positioning the company on a solid financial footing for future growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Inseego Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001683168-25-003027), on May 01, 2025, and is solely responsible for the information contained therein.

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