Copy and paste multiple symbols separated by spaces. We have no position in Inpixon (NASDAQ:INPX), a tiny little $3 million market cap company that is not particularly noteworthy in any way except for one. ". The day before, Inpixon closed a registered direct offering with the help of Roth, raising approximately $3.2 million in exchange for almost 18 million shares of common stock. Therefore, the Company may raise such additional capital as needed, through the issuance of equity, equity-linked or debt securities. Rising. There's a saying in the investment world that past performance is not indicative of future results. Whether its a small step or a giant leap, we are here for each other to offer support, knowledge and resources, so we can succeed together. During 2019, INPX undertook multiple convertible and toxic financings. Prior to the offering, Inpixon had only about 29 million shares outstanding as of January 5, 2018, suggesting that the offered shares represented a massive 62% increase in total common share count. One investor in the deal filed a Schedule 13G on January 11th (two days after the blockchain press release.) In connection with the proposed Business Combination, CXApp will file with the SEC a registration statement on Form S-1 (the "Form S-1") registering shares of CXApp common stock, and KINS will file with the SEC a registration statement on FormS-4(the "Form S-4") registering shares of KINS common stock, warrants and certain equity awards. It operates through the Indoor Positioning Analytics and Infrastructure segments. [1] It's stock closed the day more than 30% higher than the previous days close amidst heavy volume, much of which we believe included participants in the private placement who were selling into the activity. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. The companys Indoor Intelligence platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position active cellular, Wi-Fi, UWB and Bluetooth devices. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com. General inquiries:InpixonEmail: marketing@inpixon.comWeb: inpixon.com/contact-us, Investor relations:Crescendo Communications, LLCTel: +1 212-671-1020Email: INPX@crescendo-ir.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/inpixon-announces-share-consolidation-for-nasdaq-compliance-and-to-support-strategic-transactions-301642082.html, https://www.prnewswire.com/news-releases/inpixon-announces-share-consolidation-for-nasdaq-compliance-and-to-support-strategic-transactions-301642082.html, 12-year-old catches great white shark while fishing in Florida, Biden calls in Ghostburger order, leaves employee speechless, Brian Walshe pleads not guilty to murder: Everything we know about the case, Anger grows in Virginia city where first-grader shot teacher, Poll: Two-thirds of Americans including most Dems favor investigation into Biden docs. Year-over-year quarterly sales growth most recently was -6.7%. . Second, Inpixons direct offering has been highly dilutive to public shareholders, potentially more than doubling the shares outstanding when including warrants. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. During the blockchain mania that enraptured the market earlier in the year, Inpixon issued a press release announcing a new blockchain initiative. In the first five trading days of 2020, INPX went from (post-split) $5 to nearly $30 and back down to $5 on hundreds of millions of pre-split volume. The screen captures below give you a taste with the word convertible highlighted. We specialize in capturing, interpreting, and visualizing indoor data to make indoor spaces smarter, safer, and more secure.A multitude of industries and disciplines leverage our solutions to do good with indoor data. Avoid buying INPX at all costs. Do Not Sell My Personal Data/Privacy Policy. Wall crossing offerings can serve a useful purpose in the market. The transaction is subject to the terms and conditions of a Stock Purchase Agreement, including customary closing conditions. The private placement was done as a . You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. I have no business relationship with any company whose stock is mentioned in this article. The day before, Inpixon closed a registered direct offering with the help of Roth, raising approximately $3.2 million in exchange for almost 18 million shares of common stock. . By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. 243.100 (b)(2)(iii).]. I have no business relationship with any company whose stock is mentioned in this article. Create situational awareness with precise indoor positioning and wireless device detection. Mr. Clemmer was named by Data Economy to its inaugural EDGE 50 list of the world's top edge computing influencers. offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. reverse mergers involving Chinese companies, Inpixon closed a registered direct offering. You see, Inpixon, with the help of its investment bank Roth Capital used a process called wall crossing to share the material non-public information (aka MNPI) with investors, who then purchased the discounted shares through a private placement offering. In no event should Hindenburg Research or any affiliated party be liable for any direct or indirect trading losses caused by any information in this report. Create situational awareness with precise indoor positioning and wireless device detection. Inpixon (INPX) formed in Nevada in April 1999 is a world leader in indoor intelligence. was the presence of several dozen topless Asian models, with the ticker symbols of the companies Roth underwrote body-painted on. In 2011, Roth hosted a wear-only-white Miami Glam party where bikini-clad hostesses served cotton candy while guests listened to a performance by Pitbull. What's the bull case? This language gave a potential arbitrage profit to the purchasers because they could sell short Inpixons shares at any point above the warrants strike price and cover their short at a profit once the warrant registration became effective. For the best MarketWatch.com experience, please update to a modern browser. Inpixon Stock Forecast is based on your current time horizon. For the nine months ended September 30,. The companys Indoor Intelligence platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position active cellular, Wi-Fi, UWB and Bluetooth devices. The company's continuous pattern of outdoing its previous reverse split is an indication of a complete lack of concern for preserving shareholder value. Accurately pinpoint the location of people or assets inside a building. "Inpixon's location technologies and Indoor Intelligence platform provide a strong foundation for growth and value creation, as well as the ability of using Game to provide a true sports IoT platform. They're an intrinsic part of our culture, from who we hire to how we work. Best-in-Class Leverage a proven best-in-class solution that is robust, versatile and secure. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. Important Information and Where to Find It. PALO ALTO, Calif., Oct. 6, 2022 /PRNewswire/ -- Inpixon (Nasdaq: INPX) ("Inpixon" or the "Company"), the Indoor Intelligence company, today announced that the Company's Board of Directors has approved a consolidation of the Company's common stock whereby every seventy-five (75) shares of its outstanding common stock will automatically be combined into one (1) share of common stock. I cannot stress this enough for a dilution machine like INPX. If you have an ad-blocker enabled you may be blocked from proceeding. Until it stops with the dilutive capital raises with vulture financiers and reverse splits, the stock is going to be perpetually headed to zero. Those investors were given full knowledge of the timing and content of the blockchain press release and then, if that werent sweet enough, were able to purchase shares at a significant discount to Inpixons market price at the time. I am delighted to have the opportunity to work with Nadir, the Board, and the executive team to help support Inpixon's continued market leadership. Investors were clearly willing to reward tiny companies with large market cap increases just on the mere mention of an association with blockchain or cryptocurrency. Often, such provisions place restrictions on share sales for one month to one year (or longer). Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Have Watchlists? Information about KINS's executive officers and directors and CXApp's management and directors also will be set forth in the registration statement relating to the Business Combination when it becomes available. The private placement was done as a registered direct offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. Game is focused on the golf industry with a suite of products that serve golfers and golf facilities, with technology that has the capability to be leveraged in other sports. The company was founded by Abdus Salam Qureishi in 1972 and is headquartered in Palo Alto, CA. Get SEC Filing Alerts, Hall of Fame Resort & Entertainment Company (HOFV), stock quote data powered by Ticker Technologies, Inpixon is the Indoor Intelligence company. However, such information is presented as is, without warranty of any kind whether express or implied. As in other words, the company is nowhere near profitability, burning over $5 million per quarter. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. Combining the power of mapping, positioning and analytics . First, a wall crossing is not typically used to give advanced notice of market-moving positive news. The title alone should give investors insight into the author's opinion of the quality of that deal. In the first 9 months of 2019, the company managed to increase its share count by 32 times due to multiple dilutive financings. We have no idea how this all ends up but it will likely be interesting to watch. The net and percent change in the quote bar is based on the Nasdaq Official Close Price (NOCP). Reg FD typically exempts disclosures made in connection with securities offerings (because again, there is technically no trade). The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of Inpixon, CXApp and KINS, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. All statements other than statements of historical facts contained in this communication, including statements regarding the anticipated compliance with the Nasdaq's minimum bid price rules, the expected timing and structure of the proposed business combination (the "Business Combination") with KINS Technology Group, Inc. ("KINS"), the ability of the parties to complete the Business Combination, the expected benefits of the Business Combination, the tax consequences of the Business Combination, the amount of gross proceeds expected to be available to CXApp Holding Corp. ("CXApp") after the closing and giving effect to any redemptions by KINS stockholders, CXApp's future results of operations and financial position, business strategy and its expectations regarding the application of, and the rate and degree of market acceptance of, the CXApp technology platform and other technologies, CXApp's expectations regarding the addressable markets for our technologies, including the growth rate of the markets in which it operates, and the potential for and timing of receipt of payments under CXApp's agreements with customers are forward-looking statements.
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