Inseego enters $50M asset-backed revolving credit facility, draws $4.5M upfront

INSEEGO CORP.

Credit facility matures Dec 31, 2024; interest rates based on Prime or SOFR plus applicable margin (2.50%-5.50%).
Covenant requires consolidated liquidity not less than $10M; restricts dividends, stock repurchases.
Stockholders approved 8M share increase under 2018 Omnibus Plan and 1.25M increase under ESPP.
Director Stephanie Bowers elected with 29.4M votes for, 3.7M withheld; Marcum LLP ratified as auditor.
Corporate address changed to 9710 Scranton Rd, San Diego, CA 92121 effective Aug 8, 2022.

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