Inseego Corp. Confirms Nasdaq Listing for Common Stock
Ticker: INSG · Form: 8-K · Filed: Jan 23, 2024 · CIK: 1022652
Complexity: simple
Sentiment: neutral
Topics: compliance, stock-listing, 8-K
TL;DR
**Inseego's common stock is officially listed on Nasdaq under INSG, business as usual.**
AI Summary
On January 23, 2024, Inseego Corp. filed an 8-K to report that its Common Stock, with a par value of $0.001 per share, is registered on the Nasdaq Stock Market under the trading symbol INSG. This filing confirms the company's compliance with SEC regulations regarding its publicly traded securities. For investors, this simply reaffirms the current status of their shares and doesn't introduce new risks or opportunities, as it's a standard disclosure of existing information.
Why It Matters
This filing confirms Inseego Corp.'s Common Stock is listed on Nasdaq, providing transparency for investors regarding where their shares are traded.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of existing information and does not introduce new risks or changes to the company's operations or financial health.
Analyst Insight
This filing is purely informational, confirming the existing listing of Inseego Corp.'s common stock on Nasdaq. Smart investors would note this as a routine compliance filing and not a trigger for any immediate investment action, as it doesn't indicate any new operational or financial developments.
Key Numbers
- $0.001 — Par value per share (The stated par value of Inseego Corp.'s Common Stock.)
Key Players & Entities
- Inseego Corp. (company) — the registrant filing the 8-K
- $0.001 (dollar_amount) — par value per share of Common Stock
- January 23, 2024 (date) — date of earliest event reported and filing date
- Nasdaq (company) — exchange where Inseego's Common Stock is registered
- INSG (company) — trading symbol for Inseego's Common Stock
FAQ
What is the exact name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is INSEEGO CORP.
What is the trading symbol for Inseego Corp.'s Common Stock?
The trading symbol for Inseego Corp.'s Common Stock is INSG.
On which exchange is Inseego Corp.'s Common Stock registered?
Inseego Corp.'s Common Stock is registered on the Nasdaq Stock Market.
What is the par value per share of Inseego Corp.'s Common Stock?
The par value per share of Inseego Corp.'s Common Stock is $0.001.
What was the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was January 23, 2024.
Filing Stats: 837 words · 3 min read · ~3 pages · Grade level 11.2 · Accepted 2024-01-23 16:22:30
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share INSG Nasdaq Global Select
Filing Documents
- inseego_8k.htm (8-K) — 30KB
- inseego_ex0301.htm (EX-3.1) — 6KB
- image_001.jpg (GRAPHIC) — 99KB
- image_002.jpg (GRAPHIC) — 254KB
- image_003.jpg (GRAPHIC) — 55KB
- 0001683168-24-000396.txt ( ) — 772KB
- insg-20240123.xsd (EX-101.SCH) — 3KB
- insg-20240123_lab.xml (EX-101.LAB) — 33KB
- insg-20240123_pre.xml (EX-101.PRE) — 22KB
- inseego_8k_htm.xml (XML) — 3KB
03. Material Modification to the Rights
Item 3.03. Material Modification to the Rights of Security Holders. The information contained in Item 5.03 below is incorporated by reference into this Item 3.03.
03. Amendments to Articles
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On January 23, 2024, Inseego Corp. (the "Company") filed a Certificate of Amendment of the Company's Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware (the "Certificate of Amendment"), which effected, as of 5:00 p.m. Eastern Time on that date (the "Effective Time"), a one-for-ten reverse stock split (the "Reverse Stock Split") of the Company's issued and outstanding shares of common stock, $0.001 par value per share (the "Common Stock"). The Company's common stock will begin trading on a Reverse Stock Split-adjusted basis when the market opens on January 24, 2024. In connection with the Reverse Stock Split, the CUSIP number for the Common Stock will change to 45782B302. As previously disclosed, at the Company's annual meeting of stockholders held on September 5, 2023, the stockholders of the Company voted to approve an amendment to the Company's Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Common Stock at a ratio ranging from one-for-five to one-for-ten, with such ratio and the implementation and timing of such Reverse Stock Split to be determined by the board of directors of the Company (the "Board"). The Board subsequently approved the implementation of a one-for-ten Reverse Stock Split and approved and authorized the filing of the Certificate of Amendment. As a result of the Reverse Stock Split, each share of Common Stock issued and outstanding immediately prior to the Effective Time was automatically reclassified as and converted into one-tenth ( ) of a share of Common Stock. The Reverse Stock Split affected all stockholders uniformly and did not alter any stockholder's percentage interest in the Company's equity, except to the extent that the Reverse Stock Split would result in some stockholders owning a fractional share. No fractional shares were issued in connection with the
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit 3.1 Certificate of Amendment of Certificate of Incorporation of Inseego Corp., dated January 23, 2024 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. INSEEGO CORP. By: /s/ Kurt Scheuerman Name:Kurt Scheuerman Title:Chief Administrative Officer & General Counsel Date:January 23, 2024 3