Inseego Announces Proposed Public Offering of Convertible Senior Notes
Aitechpark22 Feb, 2021Technology
Inseego Corp. (Nasdaq: INSG) (the ?Company?), a pioneer in 5G and intelligent IoT device-to-cloud solutions, today announced that it has commenced an underwritten public offering (the ?Offering?), subject to market and other conditions, of an aggregate of $100.0 million in principal amount of its convertible senior notes due 2025 (the ?Notes?). The Company expects to grant the underwriters a 30-day option to purchase up to an additional $15.0 million in aggregate principal amount of the Notes in connection with the Offering, solely to cover over-allotments.
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