Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Inseego ( (INSG) ) has issued an announcement.
Inseego Corp. successfully restructured its capital by repurchasing or exchanging 91% of its $162 million convertible notes due 2025, significantly slashing its debt. This move involved issuing new senior secured notes and warrants, enhancing its financial position for future growth. The restructuring aims to bolster Inseego’s market opportunities and increase stockholder value, positioning the company to capitalize on its 5G technology advancements.
See more data about INSG stock on TipRanks’ Stock Analysis page.