Page 7 of 10 – SEC Filing
This Amendment No. 4 to the
Schedule 13D is being re-filed to disclose a greater than 1% change in ownership by the Reporting Persons as of November 18, 2016,
and to report Shares beneficially owned by certain of the Reporting Persons that were inadvertently omitted in the original filing.
In furtherance of the foregoing, this Amendment No. 4 amends the Schedule 13D as specifically set forth herein
| Item 1. | Security and Issuer. |
Item 1 is hereby amended
and restated to read as follows:
This statement relates
to the common stock, $0.001 par value per share (the “Shares”), of the Inseego Corp. (the “Issuer”). The
address of the principal executive offices of the Issuer is 9645 Scranton Road, Suite 205, San Diego, California 92121.
| Item 3. | Source and Amount of Funds or Other Consideration. |
Item 3 is hereby
amended and restated to read as follows:
The Shares purchased
by the Fund were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in
the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Schedule A to the Schedule
13D, which is incorporated by reference herein. The aggregate purchase price of the 4,137,891 Shares beneficially owned by the
Fund (excluding call options) is approximately $9,908,594, including brokerage commissions.
The Shares purchased
by the Foundation were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms
in the ordinary course of business) in open market purchases, except as otherwise noted, as set forth in Schedule A to the Schedule
13D, which is incorporated by reference herein. The aggregate purchase price of the 141,714 Shares beneficially owned by the Foundation
is approximately $272,899, including brokerage commissions.
The Shares beneficially
owned by the Maguire 2015 Family Trust were purchased by the Fund with working capital (which may, at any given time, include
margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted,
as set forth in Schedule A to the Schedule 13D, which is incorporated by reference herein, and were transferred to the Maguire
2015 Family Trust. The aggregate purchase price of the 175,417 Shares beneficially owned by the Maguire 2015 Family Trust is approximately
$680,617, including brokerage commissions.
| Item 4. | Purpose of Transaction |
Item 4 is hereby amended
to add the following:
Following the initial
meeting between Timothy Maguire, the managing member of Maguire Asset Management, LLC, and the Issuer’s recently appointed
CEO, Dan Mondor, on June 15, 2017, Mr. Maguire e-mailed Mr. Mondor to express support for the CEO’s leadership and plans
for the Issuer including Mr. Mondor’s plans to (i) cut costs throughout the Issuer’s business, (ii) visit the Issuer’s
DigiCore Holdings Limited (“Ctrack”), R.E.R. Enterprises, Inc. and Feeney Wireless, LLC businesses, (iii) meet or
exceed the Issuer’s recently released EBITDA forecast, (iv) improve margins and capitalize on growth opportunities in international
markets and new product cycles, including 5G, for the mobile broadband division (MIFI), and (vi) make Ctrack a top priority and
retain an independent software as a service (SaaS) consultant to improve Ctrack’s strategy for profitability and growth.
The foregoing description is qualified in its entirety by reference to the e-mail, which is attached hereto as Exhibit 99.1 and
is incorporated herein by reference.
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