Inseego Corp. Files 8-K for Material Agreement and Financial Update
Ticker: INSG · Form: 8-K · Filed: Aug 7, 2025 · CIK: 1022652
Sentiment: neutral
Topics: material-agreement, financial-condition, debt-obligation
TL;DR
Inseego Corp. signed a big deal and updated financials on Aug 5th.
AI Summary
On August 5, 2025, Inseego Corp. entered into a material definitive agreement, the details of which are not fully disclosed in this filing. The company also reported its results of operations and financial condition. This filing also details the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.
Why It Matters
This 8-K filing indicates Inseego Corp. has entered into a significant new agreement and is providing an update on its financial performance, which could impact investor outlook.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and financial obligations, which inherently carry risk, but specific details are limited.
Key Players & Entities
- INSEEGO CORP. (company) — Registrant
- August 5, 2025 (date) — Date of earliest event reported
- NOVATEL WIRELESS INC (company) — Former company name
- 20000726 (date) — Date of name change
FAQ
What is the nature of the material definitive agreement entered into by Inseego Corp. on August 5, 2025?
The filing states that Inseego Corp. entered into a material definitive agreement on August 5, 2025, but the specific details of this agreement are not provided in this document.
What specific financial information is being reported in this 8-K filing?
This 8-K filing reports on the results of operations and financial condition of Inseego Corp., as well as the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.
When was Inseego Corp. previously known as Novatel Wireless Inc. and when did the name change occur?
Inseego Corp. was formerly known as Novatel Wireless Inc., and the date of the name change was July 26, 2000.
What is the principal business address of Inseego Corp. as listed in the filing?
The principal business address of Inseego Corp. is 9710 Scranton Road, Suite 200, San Diego, California 92121.
What is the SIC code for Inseego Corp. and what industry does it represent?
The Standard Industrial Classification (SIC) code for Inseego Corp. is 3669, which represents Communications Equipment, NEC (Not Elsewhere Classified).
Filing Stats: 947 words · 4 min read · ~3 pages · Grade level 11.5 · Accepted 2025-08-07 16:06:19
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share INSG Nasdaq Global Select
- $15 million — es"). The Working Capital Facility is a $15 million revolving secured asset-backed credit f
Filing Documents
- inseego_8k.htm (8-K) — 35KB
- inseego_ex1001.htm (EX-10.1) — 780KB
- inseego_ex9901.htm (EX-99.1) — 127KB
- inseego_ex9902.htm (EX-99.2) — 24KB
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- 0001683168-25-005754.txt ( ) — 5062KB
- insg-20250805.xsd (EX-101.SCH) — 3KB
- insg-20250805_lab.xml (EX-101.LAB) — 33KB
- insg-20250805_pre.xml (EX-101.PRE) — 22KB
- inseego_8k_htm.xml (XML) — 4KB
01
Item 1.01. Entry into a Material Definitive Agreement. On August 5, 2025, Inseego Corp. ("Inseego" or the "Company") entered into a Credit and Security Agreement (the "Working Capital Facility"), by and among BMO Bank N.A., as lender ("Lender"), the Company, as borrower (in such capacity, the "Borrower") and Inseego Wireless, Inc., a Delaware corporation ("Inseego Wireless") and Inseego North America LLC, an Oregon limited liability company, as guarantors ("Inseego North America" and, together with Inseego Wireless, the "Guarantors"; the Guarantors, together with the Borrower, the "Loan Parties"). The Working Capital Facility is a $15 million revolving secured asset-backed credit facility. Availability under the Working Capital Facility is determined by reference to a borrowing base comprised of certain percentages of accounts receivable and inventory, subject to certain exclusions and adjustments thereto, as set forth in Working Capital Facility. The Loan Parties' obligations under the Working Capital Facility are secured by a continuing security interest in substantially all property of each Loan Party, subject to customary exclusions. Loans made under the Working Capital Facility bear interest at an annual rate equal to the sum of the Term Secured Overnight Financing Rate ("SOFR"), as defined in the Working Capital Facility, plus an applicable margin ranging from 1.00-2.50%, subject to certain exceptions. The facility matures on August 5, 2028 and contains certain customary representations, warranties and covenants. The Working Capital Facility also contains customary events of default. If an event of default occurs, the Lender is entitled to take various actions, including the acceleration of amounts due under the Working Capital Facility, termination of commitments thereunder and certain other customary actions permitted to be taken upon an event of default by a secured creditor. The foregoing description of the Working Capital Facility does not purport
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On August 7, 2025, Inseego Corp. (the "Company") issued a press release containing preliminary financial results for the quarter ended June 30, 2025. On August 7, 2025, the Company also posted an investor presentation to its website at https://investor.inseego.com/events-presentations (the "Company Earnings Presentation"). The text of the press release and Company Earnings Presentation are furnished as Exhibits 99.1 and 99.2 to this Form 8-K and incorporated herein by reference. The information in "Item 2.02 Results of Operations and Financial Condition" of this Current Report on Form 8-K and in Exhibit 99.1, attached hereto, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. It may be incorporated by reference in a filing under the Exchange Act or the Securities Act of 1933, as amended, only if such subsequent filing specifically references such disclosure in this Form 8-K.
03
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this current report is incorporated by reference into this Item 2.03. 2
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following Exhibits are filed with this report: Exhibit No. Description 10.1 Credit and Security Agreement dated August 5, 2025 99.1 Press Release dated August 7, 2025, containing Inseego Corp. preliminary financial results for the quarter ended June 30, 2025 99.2 Company Earnings Presentation, dated August 7, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3 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. Date: August 7, 2025 By: /s/ Steven Gatoff Steven Gatoff Chief Financial Officer 4