- INSG Dashboard
- Financials
- Filings
-
Holdings
- Transcripts
- ETFs
- Insider
- Institutional
- Shorts
-
SC 13D/A Filing
Inseego (INSG) SC 13D/AInseego Corp.
Filed: 20 Dec 18, 10:13am
Inseego Corp. |
(Name of Issuer) |
Common Stock, $0.001 Par Value |
(Title of Class of Securities) |
45782B104 |
(CUSIP Number) |
Edward E. Murphy c/o North Sound Management, Inc. 115 East Putnam Avenue Greenwich, CT 06830 (203) 340-8306 |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
December 19, 2018 |
(Date of Event which Requires Filing of this Statement) |
CUSIP No. 45782B104 | SCHEDULE 13D | Page 2 of 7 |
1 | NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON North Sound Management, Inc. | |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) ☐ |
3 | SEC USE ONLY | |
4 | SOURCE OF FUNDS OO | |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 9,246,570 |
8 | SHARED VOTING POWER 0 | |
9 | SOLE DISPOSITIVE POWER 9,246,570 | |
10 | SHARED DISPOSITIVE POWER 0 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,246,570 | |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.6% | |
14 | TYPE OF REPORTING PERSON IA, CO |
CUSIP No. 45782B104 | SCHEDULE 13D | Page 3 of 7 |
1 | NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Brian Miller | |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) ☐ |
3 | SEC USE ONLY | |
4 | SOURCE OF FUNDS OO | |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION United States of America |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 9,246,570 |
8 | SHARED VOTING POWER 0 | |
9 | SOLE DISPOSITIVE POWER 9,246,570 | |
10 | SHARED DISPOSITIVE POWER 0 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,246,570 | |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.6% | |
14 | TYPE OF REPORTING PERSON IN |
CUSIP No. 45782B104 | SCHEDULE 13D | Page 4 of 7 |
1 | NAME OF REPORTING PERSON OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON North Sound Trading, LP | |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) ☐ |
3 | SEC USE ONLY | |
4 | SOURCE OF FUNDS OO | |
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) | ☐ |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 9,246,570 |
8 | SHARED VOTING POWER 0 | |
9 | SOLE DISPOSITIVE POWER 9,246,570 | |
10 | SHARED DISPOSITIVE POWER 0 |
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,246,570 | |
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.6% | |
14 | TYPE OF REPORTING PERSON PN |
CUSIP No. 45782B104 | SCHEDULE 13D | Page 5 of 7 |
(a) | The aggregate percentage of shares of Common Stock reported as owned by each Reporting Person is based on 73,392,179 shares of Common Stock issued and outstanding as of November 2, 2018, as reported in the Company’s Quarterly Report on Form 10-Q filed with the SEC on November 8, 2018. Based on calculations made in accordance with Rule 13d-3(d), each Reporting Person may be deemed to beneficially own 9,246,570 shares of Common Stock, constituting approximately 12.6% of the outstanding shares of Common Stock. In addition, Mr. Miller directly owns 42,521 shares of Common Stock, less than 1.0% of the total number of shares of Common Stock outstanding, subject to vesting over a three-year period, with one-third vesting on each anniversary of October 25, 2018, the grant date, through the third anniversary of the grant date. |
CUSIP No. 45782B104 | SCHEDULE 13D | Page 6 of 7 |
Exhibit 2* | Securities Purchase Agreement, dated as of August 6, 2018, among the Issuer and the investors named therein (incorporated by reference to Exhibit 10.1 to the Issuer’s Current Report on Form 8-K, filed August 7, 2018). |
Exhibit 3* | Common Stock Purchase Warrant (incorporated by reference to Exhibit 4.2 to the Issuer’s Current Report on Form 8-K, filed August 7, 2018). |
Exhibit 4* | Registration Rights Agreement, dated as of August 6, 2018, among the Issuer and the investors named therein (incorporated by reference to Exhibit 4.3 to the Issuer’s Current Report on Form 8-K, filed August 7, 2018). |
Exhibit 5* | Indenture, dated January 9, 2017, between Inseego Corp. and Wilmington Trust, National Association, as Trustee (incorporated by reference to Exhibit 4.5 to the Issuer’s Annual Report on Form 10-K, filed March 16, 2018). |
Exhibit 6* | Form of Inseego Corp.’s 5.50% Convertible Senior Note due 2022 (incorporated by reference to Exhibit 4.2 to the Issuer’s Annual Report on Form 10-K, filed March 16, 2018). |
CUSIP No. 45782B104 | SCHEDULE 13D | Page 7 of 7 |
NORTH SOUND MANAGEMENT, INC. | ||||
By: | /s/ Brian Miller | |||
Name: | Brian Miller | |||
Title: | President |
NORTH SOUND TRADING, LP | ||||
By: | North Sound Management, Inc., its general partner | |||
By: | /s/ Brian Miller | |||
Name: | Brian Miller | |||
Title: | President |
/s/ Brian Miller | ||||
Brian Miller | ||||