Inseego: Nokia unit holds 1.94M shares plus warrants
Warrant exercises are subject to a 19.9% beneficial ownership limit, which the holder may change by notice effective on the 61st day.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
3
Rhea-AI Filing Summary
INSEEGO CORP. (INSG) reports that Nokia Solutions and Networks Oy held 1,939,488 common shares and warrants exercisable for 781,708 shares on October 1, 2026. The warrants are immediately exercisable at $4.2600 per share and expire October 1, 2030; exercise is limited if it would put the holder and its affiliates above 19.9% beneficial ownership. Nokia Corporation may be deemed to beneficially own its subsidiary’s securities but disclaims beneficial ownership except to the extent of any pecuniary interest.
Insights
Analyzing...
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Nokia Solutions & Networks Oy, NOKIA CORP
Role
10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants (Right to Buy) F3, F1, F2 | -- | -- | -- |
| holding | Common Stock F1, F2 | -- | -- | -- |
Holdings After Transaction:
Warrants (Right to Buy) — 781,708 contracts (Direct);
Common Stock — 1,939,488 shares (Direct)
Footnotes (3)
- F1. On April 30, 2026, the Issuer and Nokia Solutions and Networks Oy entered into an Asset Purchase Agreement (the "Purchase Agreement") and concurrently entered into a Subscription Agreement (the "Subscription Agreement"). On October 1, 2026, pursuant to the terms of the Purchase Agreement, Nokia Solutions and Networks Oy received 1,163,693 shares of Common Stock and warrants to purchase an aggregate of 521,139 shares of Common Stock. Also on October 1, 2026, pursuant to the terms of the Subscription Agreement, Nokia Solutions and Networks Oy received 775,795 shares of Common Stock and warrants to purchase an aggregate of 260,569 shares of Common Stock.
- F2. As the 100% owner of Nokia Solutions and Networks Oy, Nokia Corporation may be deemed to beneficially own the securities of the Issuer held by Nokia Solutions and Networks Oy. Nokia Corporation disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any.
- F3. The warrants are immediately exercisable for 781,708 shares of Common Stock. However, the warrants may not be exercised to the extent the aggregate number of shares of Common Stock beneficially owned by the holder thereof (together with its affiliates) immediately following such exercise would exceed 19.9% of then total issued and outstanding shares of Common Stock. The holder, upon notice to the Issuer, may increase or decrease this beneficial ownership limitation to any percentage specified in such notice. Any increase or decrease in the beneficial ownership limitation will not be effective until the 61st (sixty-first) day after such notice is delivered to the Issuer.
Key Figures
Common shares held: 1,939,488 shares
Shares underlying warrants: 781,708 shares
Exercise price: $4.2600 per share
+2 more
5 metrics
Common shares held
1,939,488 shares
Nokia Solutions and Networks Oy holdings reported on October 1, 2026
Shares underlying warrants
781,708 shares
Warrants held by Nokia Solutions and Networks Oy
Exercise price
$4.2600 per share
Warrants exercisable for common stock
Beneficial ownership limitation
19.9%
Limit applicable to warrant exercises by the holder and its affiliates
Warrant expiration
October 1, 2030
Expiration date of the reported warrants
Key Terms
Asset Purchase Agreement, Subscription Agreement, beneficial ownership limitation, pecuniary interest
4 terms
Asset Purchase Agreement financial
"entered into an Asset Purchase Agreement"
An asset purchase agreement is a legal contract in which a buyer agrees to buy specific assets and contracts of a business rather than buying the company’s stock or ownership. It matters to investors because it determines exactly what is being bought and what liabilities stay behind — like buying the furniture and equipment from a store but not the building or past debts — which affects the deal’s value, taxes and future risk exposure.
Subscription Agreement financial
"entered into a Subscription Agreement"
A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.
beneficial ownership limitation regulatory
"increase or decrease the beneficial ownership limitation"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
pecuniary interest regulatory
"except to the extent of its pecuniary interest therein"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is the ownership limit on INSG warrant exercises?
The warrants may not be exercised if the exercise would cause the holder and its affiliates to beneficially own more than 19.9% of INSG’s then-issued and outstanding common stock. The holder may change the limit by notice to the issuer, with the change effective on the 61st day after the notice is delivered.
AI-generated analysis. How Rhea-AI works. Not financial advice.
