Inseego Repurchases 100% Of Its Outstanding Preferred Stock
Benzinga Newsdesk 9 months ago
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Under the terms of the exchange, the Company retired 100% of the Preferred Stock, which had a liquidation preference of $42 million as of December 31, 2025, in exchange for $26 million of aggregate consideration,
Under the terms of the exchange, the Company retired 100% of the Preferred Stock, which had a liquidation preference of $42 million as of December 31, 2025, in exchange for $26 million of aggregate consideration, representing a 38% discount, and consisting of $10 million in cash, $8 million aggregate principal amount of the Company's existing 9.0% Senior Secured Notes due 2029, and approximately 767,000 shares of the Company's common stock.