Inseego ( (INSG) ) has issued an update.
Inseego Corp. has made significant strides in debt reduction by prepaying $9.5 million of its short-term loan, accounting for roughly half of that debt. Additionally, the company has strategically exchanged $5 million of its 2025 Convertible Notes for long-term debt and equity, marking a considerable step towards strengthening its capital structure. This proactive financial management demonstrates Inseego’s commitment to improving liquidity and reducing overall debt as part of its broader capital restructuring efforts.
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