Inseego Corp. effects 1-for-10 reverse stock split effective Jan 23, 2024

INSEEGO CORP.

Reverse split at 1:10 ratio effective 5:00 p.m. ET on Jan 23, 2024; trading on split-adjusted basis begins Jan 24.
CUSIP number changes to 45782B302; no fractional shares issued, cash in lieu.
Authorized share count and par value unchanged.
Stockholders approved split range (1:5 to 1:10) at Sept 5, 2023 annual meeting; Board set final ratio.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

INSEEGO CORP.: Filed Certificate of Amendment to effect a one-for-ten reverse stock split of common stock (effective 2024-01-23).

Change: charter amendment
Effective: 2024-01-23

Exact text from the filing

On January 23, 2024, Inseego Corp. (the “Company”) filed a Certificate of Amendment of the Company’s Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the “Certificate of Amendment”), which effected, as of 5:00 p.m. Eastern Time on that date (the “Effective Time”), a one-for-ten reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding shares of common stock, $0.001 par value per share (the “Common Stock”).

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INSEEGO CORP. filing history →

Source: SEC EDGAR

accession 0001683168-24-000396

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