Inseego Retires $42M Preferred at 38% Discount

Positive

Retired 100% Series E preferred with $42.0M liquidation preference

Retirement executed for $26.0M aggregate consideration (38% discount)

Cash consideration structured in three equal installments over 12 months

Negative

Issued approximately 767,000 common shares to former preferred holder

Assumed $8.0M principal of 9.0% senior secured notes due 2029

Preferred liquidation preference
$42 million

Series E Preferred Stock as of Dec 31, 2025

Exalter consideration
$26 million

Aggregate consideration paid to retire preferred stock

Discount to preference
38%

Discount versus $42 million liquidation preference

Cash component
$10 million

Cash portion of preferred stock repurchase

Senior notes component
$8 million

Principal amount of 9.0% Senior Secured Notes due 2029

Common shares issued
approximately 767,000 shares

Common stock issued in preferred exalter

Interest rate
9.0%

Coupon on Senior Secured Notes due 2029 applyd in exalter

Preferred retired
100%

Portion of Series E Preferred Stock repurchased

$10.62
Last Close

Volume
Volume 95,450 is below the 20-day average of 169,499 (relative volume 0.56).

low

Technical
Shares at $10.62, trading slightly above the 200-day MA of $10.30, and about 41% below the 52-week high of $18.11.

INSG is down 2.03% while peers are mixed: LTRX (-2.3%), CRNT (-1.33%), but BKTI (+5.8%), AUDC (+0.23%), SILC (+1.72%). Moves are not uniformly in one direction, suggesting a stock-specific reaction.

Date	Event	Sentiment	Move	Catalyst
Dec 04	Nasdaq bell ceremony	Positive	+4.4%	Marked 25th Nasdaq listing anniversary with closing bell event.
Dec 03	Commercial partnership	Positive	+6.6%	Kajeet selected Inseego 5G FWA for SmartFailover service.
Nov 06	Earnings report	Positive	+1.6%	Q3 2025 revenue growth, EBITDA improvement and positive net income.
Nov 03	Board expansion	Positive	-2.0%
Oct 28	Product launch	Positive	+3.3%	Introduced FX4200 5G router and upgraded Inseego Connect SaaS.

Pattern Detected

Across the last five news events, four positive announcements coincided with positive 24-hour price relocates, with only one divergence on a board expansion release.

Recent Company History

Over the last few months, Inseego has highlighted commercial traction and corporate development. Q3 2025 results revealed $45.9M in revenue, $5.8M Adjusted EBITDA and $1.4M GAAP net income, alongside improved gross margins. The company launched the enterprise-focapplyd FX4200 5G router and enhanced Inseego Connect SaaS, signed a 5G FWA deal for Kajeet SmartFailover, and expanded its board with carrier and AI/SaaS expertise. A December 2025 Nasdaq closing bell event marked its 25th anniversary as a listed company. Today’s capital-structure clean-up follows these operational milestones.

$50,000,000
registered capacity

An effective S-3 shelf filed on Oct 14, 2025 would allow Inseego to issue up to $50,000,000 of various securities, with proceeds for general corporate purposes and working capital. As of Sep 30, 2025, shares outstanding were 15,212,522 and warrants outstanding were approximately 3,018,304 with a weighted average exercise price of $12.59. No takedowns have been recorded in the provided context.

This announcement retires 100% of Inseego’s Series E Preferred Stock, which carried a $42 million liquidation preference, in exalter for $26 million of mixed consideration including cash, senior notes, and approximately 767,000 common shares. The 38% discount and removal of preferred obligations directly affect the capital structure. In the context of recent profitability, new product launches, and an unapplyd $50,000,000 S-3 shelf, investors may track future balance sheet relocates and any additional capital raising alongside operating performance.

repaired-rate cumulative perpetual preferred stock

financial

“has completed the repurchase of all of its outstanding Fixed-Rate Cumulative Perpetual Preferred Stock, Series E”

A repaired-rate cumulative perpetual preferred stock is a type of investment that pays a set dividconclude rate indefinitely and does not have a scheduled maturity date. If the issuer skips a dividconclude payment, the unpaid amounts accumulate and must be paid later before common shareholders receive dividconcludes, so it behaves like a never-concludeing bond with priority over common stock; investors value it for steady income and relative safety but should watch issuer credit and interest-rate sensitivity.

preferred stock

financial

“repurchase of all of its outstanding Fixed-Rate Cumulative Perpetual Preferred Stock, Series E (the “Preferred Stock”)”

Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividconclude payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, creating it a more stable and predictable investment option. This builds preferred stock attractive to those seeking steady income with lower risk.

senior secured notes

financial

“in exalter for a combination of cash, common stock of the Company and senior secured notes”

Senior secured notes are loans a company sells to investors that are backed by specific assets and given first priority for repayment if the company defaults. Becaapply they have a claim on collateral and are paid before other debts, they usually offer lower risk and correspondingly lower interest than unsecured debt; investors apply them to judge how safe repayment and recovery of principal might be, like holding a mortgage instead of an unsecured credit card balance.

liquidation preference

financial

“which had a liquidation preference of $42 million as of December 31, 2025”

A liquidation preference is a rule that determines who receives paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately receive; consider of it as a front-of-the-line pass that affects payout order and investor returns.

registration rights

regulatory

“The common stock issued in the exalter is subject to customary registration rights.”

Registration rights are contractual promises that let investors require a company to file paperwork with securities regulators so those investors can sell their shares to the public. They matter becaapply they create a path to liquidity and an exit plan—without them, investors may be stuck holding shares for a long time. Think of them like a reserved ticket that guarantees access to a public marketplace when the holder is ready to sell.

AI-generated analysis. Not financial advice.

01/14/2026 – 04:10 PM

Company exalters outstanding preferred stock for combination of cash, common stock and senior notes

SAN DIEGO, Jan. 14, 2026 (GLOBE NEWSWIRE) — Inseego Corp. (Nasdaq: INSG) (the “Company”), a global leader in 5G mobile broadband and 5G repaired wireless access (FWA) solutions, today (the “Closing Date”) announced that it has completed the repurchase of all of its outstanding Fixed-Rate Cumulative Perpetual Preferred Stock, Series E (the “Preferred Stock”) in exalter for a combination of cash, common stock of the Company and senior secured notes.

Under the terms of the exalter, the Company retired 100% of the Preferred Stock, which had a liquidation preference of $42 million as of December 31, 2025, in exalter 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.

The cash consideration will be paid in three equal installments, with one-third paid at the Closing Date, one-third payable six months following the Closing Date, and the remaining one-third payable 12 months following the Closing Date. The common stock issued in the exalter is subject to customary registration rights.

“This transaction is another step in the deliberate work we’ve been doing to simplify and strengthen Inseego’s capital structure,” stated Steven Gatoff, CFO of Inseego. “By fully retiring the Preferred Stock at a discount to its aggregate liquidation preference, we are reducing long-term obligations, further improving the balance sheet and continuing to increase stockholder value.”

The Preferred Stock was held by an affiliate of Mubadala Capital. As a result of the exalter, that affiliate now holds a minority position in the Company’s common stock.

“We’re honored to have Mubadala Capital in our long-term journey and value creation mission as common stockholders,” stated Juho Sarvikas, CEO of Inseego. “Our focus remains on executing our strategy, scaling the business, and delivering durable growth for our stockholders.”

About Inseego Corp.
Inseego Corp (Nasdaq: INSG) is a leading provider of cloud-managed, wireless broadband connectivity solutions. Inseego’s comprehensive hardware portfolio, combined with its Software-as-a-Service (SaaS) platform for device, network, and subscriber management, enables seamless business connectivity and simplifies subscription management, wireless deployments, and network operations for Fixed Wireless Access (FWA), IoT, and mobile networking. As an early pioneer in mobile broadband and a leading innovator in 5G for business, Inseego has delivered over 10 generations of solutions that provide unmatched speed, security, and reliability for businesses, government agencies, and educational institutions. For more information about Inseego, visit www.inseego.com.

Cautionary Note Regarding Forward-Looking Statements
Some of the information presented in this news release may constitute forward-seeing statements within the meaning of the Private Securities Litigation Reform Act of 1995. In this context, forward-seeing statements often address expected future business and financial performance and often contain words such as “may,” “estimate,” “anticipate,” “believe,” “expect,” “intconclude,” “plan,” “project,” “will” and similar words and phrases indicating future results. The information presented in this news release related to the Company, future business outsee, and other statements that are not purely historical facts are forward-seeing. These forward-seeing statements are based on management’s current expectations, assumptions, estimates, and projections. They are subject to significant risks and uncertainties that could caapply results to differ materially from those anticipated in such forward-seeing statements. The Company, therefore, cannot guarantee future results, performance, or achievements. Actual results could differ materially from the Company’s expectations.

Factors that could caapply actual results to differ materially from the Company’s expectations include: (1) the Company’s depconcludeence on a tiny number of customers for a substantial portion of its revenues; (2) the future demand for wireless broadband access to data and device management software and services and the Company’s ability to accurately forecast; (3) the growth of wireless wide-area networking and device management software and services; (4) customer and conclude-applyr acceptance of the Company’s current product and service offerings and market demand for the Company’s anticipated new product and service offerings; (5) the Company’s ability to develop sales channels and to onboard channel partners; (6) increased competition and pricing pressure from participants in the markets in which the Company is engaged; (7) depconcludeence on third-party manufacturers and key component suppliers worldwide; (8) the impact of fluctuations of foreign currency exalter rates; (9) the impact of supply chain challenges on the Company’s ability to source components and manufacture the Company’s products; (10) unexpected liabilities or expenses; (11) the Company’s ability to introduce new products and services in a timely manner, including the ability to develop and launch 5G products at the speed and functionality required by its customers; (12) litigation, regulatory and IP developments related to the Company’s products or components of its products; (13) the Company’s ability to raise additional financing when the Company requires capital for operations or to satisfy corporate obligations; (14) the Company’s plans and expectations relating to acquisitions, divestitures, strategic relationships, international expansion, software and hardware developments, personnel matters, and cost containment initiatives, including restructuring activities and the timing of their implementations; (15) the global semiconductor shortage and any related price increases or supply chain disruptions, (16) the potential impact of COVID-19 or other global public health emergencies on the business, (17) the impact of high rates of inflation and rising interest rates, (18) the impact of import tariffs on the Company’s materials and products, and (19) the impact of geopolitical instability on the Company’s business.

These factors, as well as other factors set forth as risk factors or otherwise described in the reports filed by the Company with the SEC (available at www.sec.gov), could caapply results to differ materially from those expressed in the Company’s forward-seeing statements. The Company assumes no obligation to update publicly any forward-seeing statements, even if new information becomes available or other events occur in the future, except as otherwise required under applicable law.

Inseego Investor Relations Contact:
Matt Glover
ir@inseego.com