BRIEF-Inseego Corp - Nokia To Invest Additional $10 Million In Inseego, Raising Ownership To 11%

Inseego Corp.

Inseego Corp.

INSG

0.00

April 30 (Reuters) - Inseego Corp INSG.O:

  • INSEEGO CORP - NOKIA TO INVEST ADDITIONAL $10 MILLION IN INSEEGO, RAISING OWNERSHIP TO 11%

  • INSEEGO CORP - NOKIA WILL RECEIVE APPROXIMATELY A 7% EQUITY STAKE IN INSEEGO IN FORM OF COMMON STOCK AND WARRANTS, REPRESENTING A VALUE OF US$20 MILLION

  • INSEEGO CORP - TO ACQUIRE NOKIA'S FIXED WIRELESS ACCESS BUSINESS

  • INSEEGO CORP: AGREEMENT NOT FINANCIALLY MATERIAL TO NOKIA

  • INSEEGO CORP: AT CLOSE OF DEAL, NOKIA TO MAKE $10 MILLION INVESTMENT IN INSEEGO IN FORM OF COMMON STOCK & WARRANTS, BRINGING ITS TOTAL OWNERSHIP TO 11%

Source text: ID:nGNE6VwF6h

Further company coverage: INSG.O


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.