Inseego completes Nokia FWA buy; Nokia gets ~11% stake, $20M cash inflows, revenue seen doubling

INSEEGO CORP.

Inseego issued Nokia 1,163,693 shares plus Consideration Warrants for 521,139 shares to acquire the FWA business, and assumed certain FWA liabilities.
Under the Subscription Agreement Nokia invested $10,000,000 cash, receiving 775,795 shares and warrants for 290,569 shares; warrants strike $4.26 and expire October 1, 2030.
Nokia holds roughly 1.9 million Inseego shares (~11% stake) and will pay an additional $10,000,000 by October 15, 2026 for device OS/cloud interoperability work.
Inseego expects the acquisition to approximately double revenue; about 250 people tied to the FWA business join or support it under a transition services agreement.
New international headquarters in Amsterdam and a development center in Athens; Nokia lock-up covers 50% of securities for one year and 50% for two years.

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