Inseego Corp (INSG) has released an update.
Inseego Corp. has amended its credit terms with Siena Lending Group, easing its liquidity requirements from $10 million to $8 million, with no associated costs. Meanwhile, Ashish Sharma has stepped down as CEO and President, and the board has appointed Philip G. Brace as the Executive Chairman. Brace brings a wealth of experience from the tech industry and will receive increased compensation, including a special equity award for his tenure.
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