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A maker of 5G mobile hotspots and fixed wireless routers that let people and businesses connect to cellular networks without cables. Its MiFi hotspots—a brand it invented in 2009, widely read as "my Wi-Fi"—now sit alongside its Wavemaker gateways sold through carriers like T-Mobile and Verizon. Founded in San Diego in 1996 as Novatel Wireless, the company renamed itself Inseego in 2016 as it expanded into cloud software for carriers.
Inseego Q1 2026 revenue $34.3M, net loss $4.5M, announces Nokia FWA acquisition
Q1 2026 total revenue was $34.3 million, up from $31.7 million in Q1 2025.
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Adjusted EBITDA was $1.8 million; GAAP net loss was $4.5 million.
GAAP gross margin was 48.3%, the fifth consecutive quarter above 40%.
Announced agreement to acquire Nokia's Fixed Wireless Access business, expected to close Q4 2026, with Nokia receiving ~7% equity stake and $10M cash investment.
Inseego to acquire Nokia's fixed wireless access business for stock, warrants, and liability assumption
Purchase price includes 1,163,693 Inseego shares, warrants for 521,139 shares at $12.89, and assumption of certain liabilities.
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Inseego Corp. agreed to buy substantially all of Nokia's fixed wireless access (FWA) business assets.
Nokia will invest $10 million in Inseego for 775,795 shares and warrants for 260,569 shares at $12.89.
Post-closing, Nokia will hold about an 11% ownership interest in Inseego.
Transaction expected to close in Q4 2026, subject to customary conditions; closing deadline January 15, 2027 with possible extension.
1.01 Entry into a Material Definitive Agreement · 3.02 Unregistered Sales of Equity Securities · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Inseego retires all Series E preferred stock in $26M exchange with Mubadala affiliate
Inseego entered an Exchange Agreement with a Mubadala Capital affiliate to retire all 25,000 outstanding Series E preferred shares, which had a $42 million liquidation value as of Dec 31, 2025.
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Consideration totaled approximately $26 million, a 38% discount, comprising $10 million cash (paid in three installments), 767,165 common shares, and $8 million of existing 9.0% Senior Secured Notes due 2029.
The cash is payable one-third at closing, one-third at six months, and one-third at twelve months after the closing date.
The common shares were issued in a private placement under Section 4(a)(2)/Regulation D, with customary registration rights requiring a registration statement within six months.
Management stated the transaction simplifies and strengthens the capital structure, reduces long-term obligations, and improves the balance sheet.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 3.02 Unregistered Sales of Equity Securities · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Inseego expands board from six to eight, appoints Stephen Bye and Nabil Bukhari as independent directors
Bye's term expires at the 2027 Annual Meeting; Bukhari's at the 2028 Annual Meeting; both are deemed independent under Nasdaq rules.
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On October 28, 2025, Inseego's board approved increasing its size from six to eight members and appointed Stephen Bye and Nabil Bukhari as non-employee directors, effective October 30, 2025.
Each will receive an initial RSU award with an economic value of $145,000, vesting in three equal annual installments starting on the first anniversary of the grant date.
Bye is CEO of Ookla and a board member at EchoStar; Bukhari is President of AI Platforms and CTO at Extreme Networks.
The company will enter into indemnification agreements with both new directors, consistent with its standard form.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits