INSEEGO CORP. (NASDAQ:INSG) Files An 8-K Unregistered Sales of Equity Securities

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INSEEGO CORP. (NASDAQ:INSG) Files An 8-K Unregistered Sales of Equity Securities

Item 3.02. Unregistered Sales of Equity Securities.

Effective March 15, 2017, Inseego Corp. (the Company) issued
973,334 shares of its common stock, $0.001 par value per share,
to the former stockholders of R.E.R. Enterprises, Inc. (RER) as
contingent consideration to the terms of that certain Agreement
and Plan of Merger, dated March 27, 2015, by and among Novatel
Wireless, Inc., Duck Acquisition, Inc., RER, certain stockholders
of RER, and Ethan Ralston, as the representative of the holders
of the common stock of RER (the Stockholders Representative), as
amended by that certain Amendment No. 1 to Agreement and Plan of
Merger, dated January 5, 2016, by and between the Company and the
Stockholders Representative, to which the Company acquired RER.
The shares were issued in reliance upon exemption from
registration to Section 4(a)(2) under the Securities Act of 1933,
as amended.
Item 8.01. Other Events.
On March 15, 2017, the Company issued a press release announcing
that it has filed a Form 12b-25 Notification of Late Filing for
its Annual Report on Form 10-K for the fiscal year ended December
31, 2016. A copy of the press release is attached as Exhibit 99.1
to this Current Report on Form 8-K and is incorporated herein by
reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
The following exhibit is furnished with this report:
99.1
Press release, dated March 15, 2017.
Forward-Looking Statements
Certain statements in this Current Report on Form 8-K may
constitute forward-looking statements. These forward-looking
statements relate to a variety of matters, including, without
limitation, statements regarding the Companys ability to
successfully obtain and compile the information required to be
included in the Companys Form 10-K, as well as its ability to
file the Form 10-K by the extended filing date. These
forward-looking statements are made on the basis of the current
beliefs, expectations and assumptions of the management of the
Company and are subject to significant risks and uncertainty.
Investors are cautioned not to place undue reliance on any such
forward-looking statements. All such forward-looking statements
speak only as of the date they are made, and the Company
undertakes no obligation to update or revise these statements,
whether as a result of new information, future events or
otherwise, except as may be required by law. These
forward-looking statements involve many risks and uncertainties
that may cause actual results to differ materially from what may
be expressed or implied in these forward-looking statements. For
a further discussion of risks and uncertainties that could cause
actual results to differ from those expressed in these
forward-looking statements, as well as risks relating to the
business of the Company in general, see the risk disclosures in
the Companys Annual Report on Form 10-K for the year ended
December 31, 2015, and in other subsequent filings made with the
SEC by Novatel Wireless, Inc. and Inseego Corp. (available at
www.sec.gov).


About INSEEGO CORP. (NASDAQ:INSG)

Inseego Corp, formerly Novatel Wireless, Inc., is a provider of software-as-a-service (SaaS) and solutions for the Internet of Things (IoT). The Company offers a range of products, including mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services. The Company sells its telematics solutions under the Ctrack brand, including its fleet management, asset tracking and monitoring, stolen vehicle recovery, and usage-based insurance platforms. It operates in the wireless communications industry in two product categories: M2M Products and Solutions, and Mobile Computing Solutions. It sells business connectivity solutions and device management services through its subsidiaries. Its products operate on cellular wireless technology platform. It serves over 590,000 global subscribers, including 182,000 fleet management subscribers.

INSEEGO CORP. (NASDAQ:INSG) Recent Trading Information

INSEEGO CORP. (NASDAQ:INSG) closed its last trading session down -0.03 at 2.27 with 232,489 shares trading hands.