Return to press releases

Inseego Announces Inducement Grants Under NASDAQ Listing Rule 5635 (c)(4)

SAN DIEGO--(BUSINESS WIRE)--Aug. 6, 2018-- Inseego Corp. (Nasdaq: INSG), an industry leader in solutions for intelligent mobile enterprises, announced today that on July 27, 2018, the compensation committee of Inseego’s Board of Directors approved the grant of 207,000 stock options in the aggregate to 11 new employees.

The stock options were granted pursuant to the Inseego Corp. 2018 Omnibus Incentive Compensation Plan and were granted as inducements material to the new employees entering into employment with Inseego in accordance with NASDAQ Listing Rule 5635(c)(4). Inseego uses employee equity awards, including the inducement awards described herein, to attract new employees and to retain and motivate current employees.

The stock options have an exercise price of $1.85, the closing price of the Company’s common stock on the date of the grant. The stock options will vest over a four-year period, with one-fourth vesting on the first anniversary of the grant date and the remainder vesting on a monthly basis thereafter through the fourth anniversary of the grant date, subject to the new employee’s continued service with the Company. Inseego is providing this information in accordance with NASDAQ Listing Rule 5635(c)(4).

About Inseego Corp.

Inseego Corp. (Nasdaq: INSG) enables high performance mobile applications for large enterprise verticals, service providers and small-medium businesses around the globe. Our product portfolio consists of Enterprise SaaS solutions and IoT & Mobile solutions, which together form the backbone of compelling, intelligent, reliable and secure IoT services with deep business intelligence. Inseego powers mission critical applications with a “zero unscheduled downtime” mandate, such as asset tracking, fleet management, industrial IoT, SD WAN failover management and mobile broadband services. Our solutions are powered by our key innovations in purpose built SaaS cloud platforms, IoT and mobile technologies including the newly emerging 5G technology. Inseego is headquartered in San Diego, California with offices worldwide. www.inseego.com

Cautionary Note Regarding Forward-Looking Statements

This release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, as amended to date. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements contained herein. These factors include risks relating to technological changes, new product introductions, continued acceptance of Inseego's products and dependence on intellectual property rights. These factors, as well as other factors that could cause actual results to differ materially, are discussed in more detail in Inseego's filings with the United States Securities and Exchange Commission (available at www.sec.gov) and other regulatory agencies.

©2018. Inseego Corp. All rights reserved. The Inseego name and logo are trademarks of Inseego Corp. Other Company, product or service names mentioned herein are the trademarks of their respective owners.

Source: Inseego Corp.

Media contact:
Inseego Corp.
Anette Gaven, +1 619-993-3058
[email protected]
Or
Investor Relations contact:
MKR Group
Joo-Hun Kim, +1 212-868-6760
[email protected]
http://investor.inseego.com/

Talk to our experts!

Give your customers the fastest, easiest, most reliable broadband solutions.

Inseego
Let's get started.
What are you looking for?
Who would you like to talk to?
Which product categories are you interested in?
Select multiple
Are you inquiring for business or personal use?
Let's get you connected!

For personal device sales, Inseego works with the following leading carriers:

Who is your network provider?
Select all that apply
Which features are you interested in?
Select multiple
What is your name?
First name
Last name
What are your company details?
Company name
Job title
optional
Number of employees
optional
Country
What are your company details?
Company name
Job title
optional
Country
What are your company details?
Company name
Country
How many vehicles in your fleet?
Nearly there, what is your name?
First name
Last name
Last question, how can we contact you?
Email address
Phone number
optional
Message
optional
Please click here to see how Inseego uses your personal data.
How can we help?
IMEI number
What's this?
IMEI number
The IMEI can be found either on the device label, or for hotspots, on the touchscreen under about.
How can we help you?
Phone number
optional
Email address
Please click here to see how Inseego uses your personal data.
How can we help?
How can we help you?
Phone number
optional
Email address
Please click here to see how Inseego uses your personal data.
Progress 0%