Inseego Earlier 8-K Showed Investor To Exchange $12.5M In Outstanding Notes For ~2.89M Shares Of Common Stock
Portfolio Pulse from Benzinga Newsdesk
Inseego has announced an exchange of $12.5 million in outstanding notes for approximately 2.89 million shares of common stock, as per their earlier 8-K filing.
January 17, 2020 | 12:58 pm
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Inseego is exchanging $12.5 million in outstanding notes for about 2.89 million shares of common stock. This move could impact the stock price due to dilution and changes in capital structure.
The exchange of notes for common stock increases the number of shares outstanding, which can lead to stock dilution. This may negatively impact the stock price in the short term as the market adjusts to the increased supply of shares.
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