Inseego Repays $15 million in Remaining Convertible Notes due 2025

Core Viewpoint - Inseego Corp. has successfully completed a significant milestone in its capital structure management by paying off approximately $15 million in convertible notes due 2025, which contributes to a substantial reduction in the company's overall debt [1][2]. Debt Management - The pay-off of the 2025 Convertible Notes marks a key initiative to materially reduce the company's debt, with total debt reduced by over $100 million, or approximately 75%, over the past 12 months [2]. - Following the pay-off, Inseego has approximately $40.9 million in outstanding debt from its new senior 9.0% secured notes due in 2029 [1]. Financial Guidance - The company has confirmed that there is no change to its financial guidance for the first quarter of 2025, which ended on March 31, 2025, and will report its financial results on May 8, 2025 [2]. Company Overview - Inseego Corp. is recognized as a leader in 5G Enterprise cloud WAN solutions, serving millions of end customers and thousands of enterprise and SMB customers with its 4G, 5G, and cloud platforms [3]. - The company's 5G Edge Cloud integrates advanced 5G technology with cloud networking features and intelligent edge applications, enhancing business operations and securing enterprise data [3].