Inseego retires all Series E preferred stock at 38% discount via $26M mix of cash, stock, and notes

INSEEGO CORP.

Retired $42M liquidation value Preferred Stock for $26M aggregate consideration, a 38% discount.
Consideration: $10M cash (3 equal installments over 12 months), 767,165 common shares, $8M additional 9.0% Senior Secured Notes due 2029.
Preferred stock held by an affiliate of Mubadala Capital; that affiliate now holds a minority common stake.
CFO Steven Gatoff stated the transaction simplifies capital structure, reduces obligations, and increases stockholder value.
Common shares issued carry customary registration rights; Company to file registration statement within six months.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.97

INSEEGO CORP. incurred senior notes of $8 million in additional principal amount with an affiliate of Mubadala Capital at 9.0% maturing due 2029.

Instrument: senior notes
Principal: $8 million in additional principal amount
Counterparty: an affiliate of Mubadala Capital
Rate: 9.0%
Maturity: due 2029
Event: incurrence

Exact text from the filing

(iii) $8 million in additional principal amount of the Company’s existing 9.0% Senior Secured Notes due 2029

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

INSEEGO CORP. entered into Exchange Agreement with an affiliate of Mubadala Capital valued at approximately $26 million (effective 2026-01-14).

Action: entry
Counterparty: an affiliate of Mubadala Capital
Value: approximately $26 million
Effective: 2026-01-14

Exact text from the filing

On January 14, 2026 (the “Closing Date”), Inseego Corp. (“Inseego” or the “Company”) entered into an Exchange Agreement (the “Exchange Agreement”) with an affiliate of Mubadala Capital (the “Holder”), which held all 25,000 outstanding shares of the Company’s Fixed-Rate Cumulative Perpetual Preferred Stock, Series E (the “Preferred Stock”).

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306 debt financings filed in the last 30 days. Browse all debt financings →

INSEEGO CORP. filing history →

Source: SEC EDGAR

accession 0001683168-26-000311

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