Inseego repurchases $4.7M of 2025 notes with stock and warrants; now retired 83.7% of notes

INSEEGO CORP.

Issued 349,740 shares and warrants for 236,074 shares at $13.37 exercise price to repurchase $4.7M of 2025 convertible notes.
Warrants expire in four years, exercisable on a cash basis, with registration rights granted.
Total repurchases/exchanges of 2025 notes now $135.5M or 83.7% of face value.
Shares and warrants issued in reliance on Section 4(a)(2) and Regulation D exemption.

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