secwatch.observer — SEC 8-K summary
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Issuer:     INSEEGO CORP. (INSG)
CIK:        0001022652
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001683168-22-005449
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.03, 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022652/000168316822005449/0001683168-22-005449-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022652/000168316822005449/inseego_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-22-005449

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