Inseego Corp. Updates on CFIUS Process and Sale of Novatel Wireless, Inc.

On May 25, 2017, in connection with Inseego's proposed sale of NovatelWireless, Inc. to Jade Ocean Global Limited, a subsidiary of T.C.L.Industries Holdings (H.K.) Limited, the Parties were informed by CFIUSthat the 30-day review period has been extended into an investigationperiod which may last up to 45 days. Inseego believes the CFIUS processwill conclude on or prior to July 10, 2017.Click here for more.