Nokia takes a 14.2% stake in Inseego after selling it its fixed wireless access business
SEC filings show Nokia received Inseego shares and warrants for the business and invested a further $10m, and has agreed to a lock-up of up to two years.
Drafted by the Loro Desk from public records and published automatically after a 24-hour hold. Published without editorial review.
Nokia now beneficially owns 14.2% of Inseego after selling it its fixed wireless access business for shares and warrants and investing a further $10 million.
- Issuer
- Inseego Corp., CIK 0001022652
- Holder
- Nokia Corporation / Nokia Solutions and Networks Oy
- Stake
- 2,721,196 shares (14.2%)
- Cash investment
- $10,000,000
- Warrant exercise price
- $4.26
- Lock-up
- 50% one year, 50% two years from 1 Oct 2026
Nokia Corporation and its subsidiary Nokia Solutions and Networks Oy have reported beneficial ownership of 2,721,196 shares of Inseego Corp. (SEC CIK 0001022652), or 14.2% of the class. (Schedule 13D, filed 1 October 2026)
According to the filing, the percentage is based on 16,420,592 Inseego shares outstanding as of 29 July 2026. (Schedule 13D, 1 October 2026)
Under an asset purchase agreement dated 30 April 2026, which closed on 1 October 2026, Nokia Solutions and Networks Oy sold its fixed wireless access business to Inseego for 1,163,693 shares plus warrants. It also invested $10,000,000 for 775,795 shares plus further warrants. (Schedule 13D, 1 October 2026)
The holding comprises 1,939,488 shares held directly, 521,139 shares issuable on exercise of warrants from the asset purchase and 260,569 shares issuable on exercise of warrants from the subscription, all exercisable at $4.26 per share. (Schedule 13D, 1 October 2026)
Nokia Solutions and Networks Oy has agreed not to transfer half of the securities for one year from 1 October 2026 and the other half for two years, subject to limited exceptions. (Schedule 13D, 1 October 2026)
The filing says the securities were acquired for investment purposes. Nokia states it will review the investment on an ongoing basis and may take actions including communicating with the board, and that it has no other current plans or proposals of the kind Schedule 13D requires it to disclose. (Schedule 13D, 1 October 2026, Item 4)
The filings do not state the value placed on the fixed wireless access business. Loro has made no approach to the company. Figures are as reported in Nokia's Schedule 13D filing on Inseego with the SEC.
Primary sources
1 recordEvery factual claim above is drawn from these records. Each link resolves to the publisher’s own copy.