Inseego pays down $9.5M of short-term loan, exchanges $5M of convertible notes for long-term debt and warrants

INSEEGO CORP.

Prepaid $9.5M (49% of short-term loan) under Loan Agreement; outstanding reduced to $10M.
Signed exchange term sheet for $5M convertible notes into $4.25M new notes plus warrants for 370K shares at $13.77.
Repurchased/exchanged ~$147M or 91% of 2025 notes; remaining ~$14.9M expected repaid by May 2025.
CFO Gatoff: business generating strong cash flow enabling debt reduction.

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