Putting a percentage on that is meaningless. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. Inpixon does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Often, direct offerings prohibit a purchaser from selling short the offering-companys shares for a period of time to help stabilize the share price. All told the offering looks to have been a sweet deal for Roth and the investors. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. ; The Inpixon 52-week low stock price is 1.58, which . Have there been any more dilutions since fall last year? Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. Intraday data delayed at least 15 minutes or per exchange requirements. Here investors were offered shares at a steep ~20% discount to the market price just before releasing market-moving positive news, which seemed to actually enhance the dilutive effects of the offering. Cookie Notice (). Having a healthy balance between your personal and professional life is important to us. The only clear losers in all of this seemed to be anyone in the investing public who bought into the news and took a bath in the ensuing share price collapse. [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. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. I have no long or short position in INPX and likely never will. Through wall crossings companies are able to share MNPI with prospective investors to get feedback or gauge interest in a prospective deal without alerting the entire market to their proposals. Accurately pinpoint the location of people or assets inside a building. They got an extension of 180 days. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. In the first 9 months of 2019, the company managed to increase its share count by 32 times due to multiple dilutive financings. "We are very fortunate to have the opportunity to work with someone of Ricks stature and expertise and look forward to partnering with him on Game as well as benefiting from his support and advice for Inpixon," said Nadir Ali, CEO of Inpixon. For additional details, please reference the Companys current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. The private placement was done as a . By embracing curiosity and experimentation, we are constantly looking for new ways to innovate how things are done, for ourselves, our customers, and the world. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Inpixon Common Stock (INPX) Nasdaq Listed. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. 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. The person receiving an illegal tip must pay the market price for shares. Trading volume spiked to Inpixon engages in the provision of indoor positioning and data analytics services. 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. The Company described its precarious financial condition as follows: Our financial statements as of December 31, 2016 and September 30, 2017 include an explanatory paragraph referring to our recurring and continuing losses from operations and expressing substantial doubt in our ability to continue as a going concern without additional capital becoming available. Turn your data into intelligence with AI-powered analytics. Visit our investor relations portal to be in-the-know on the latest information about our company. 2023, Nasdaq, Inc. All Rights Reserved. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. If this kind of deal is permitted, Roth may have succeeded at pioneering a legal form of capital raising that is more egregious than any illegal insider trading scheme we could ever conceive of. 2021, EDGAROnline, a division of Donnelley Financial Solutions. Posted by 6 months ago. Find out more about how we use your information in our privacy policy and cookie policy. 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. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Roth was also well-known for its role in facilitating several suspect reverse mergers involving Chinese companies, raising approximately $3.1 billion for China-based clients from 2003 to 2012. 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. There are not analysts providing consensus earnings estimates for the current fiscal year. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. 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. Explore all Inpixon supported hardware including tags, anchors, sensors and more. The regulation more or less aspired to plug up weaknesses with existing insider trading laws in order to make the markets fairer (as the name implies). 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. What's the bull case? The entity last dividend was issued on the 7th of January 2020. Inpixon (INPX) Latest Stock News & Headlines - Yahoo Finance U.S. markets open in 8 hours 3 minutes S&P Futures 3,942.75 +2.00(+0.05%) Dow Futures 33,884.00 +35.00(+0.10%) Nasdaq Futures. For context, a lock-up provision prevents someone from selling shares for a specific period of time, while a leak-out provision forces a seller to stagger their sales, either over a period of time or as a percentage of their holdings. 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. The firm had 1:75 split on the 7th of October 2022. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. Readers are cautioned not to put undue reliance on forward-looking statements, and Inpixon, CXApp and KINS assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. 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. Please see Inpixon Basic Forecasting Models to cross-verify your projections. Inpixon Workplace Readiness Solution Selected by Prive Clinics to Safeguard the Health and Welfare of Clients, Inpixon Enhances Enterprise-Class and Social Distancing Features with New Inpixon Mapping Release, Inpixon Introduces UWB Personnel Tag for Real-Time Location System. The company shared the press release with multiple investors in advance. Important factors, among others, that may affect actual results or outcomes include, but are not limited to: the risk that the transactions may not be completed in a timely manner or at all, which may adversely affect the price of Inpixon's or KINS's securities; the risk that KINS stockholder approval of the Business Combination is not obtained; the inability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, the amount of funds available in KINS's trust account following any redemptions by KINS's stockholders; the failure to receive certain governmental and regulatory approvals; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; changes in general economic conditions, including as a result of the COVID 19 pandemic or the conflict betweenRussiaandUkraine; the outcome of litigation related to or arising out of the Business Combination, or any adverse developments therein or delays or costs resulting therefrom; the effect of the announcement or pendency of the transactions on Inpixon's, CXApp's or KINS's business relationships, operating results, and businesses generally; the ability to continue to meet Nasdaq's listing standards following the consummation of the Business Combination; costs related to the Business Combination; that the price of KINS's or Inpixon's securities may be volatile due to a variety of factors, including Inpixon's, KINS's or CXApp's inability to implement their business plans or meet or exceed their financial projections and changes in the combined capital structure; the ability to implement business plans, forecasts, and other expectations after the completion of the Business Combination, and identify and realize additional opportunities; and the ability of CXApp to implement its strategic initiatives. Summary. Introducing Inpixon! "We anticipate great success in leveraging Rick's experience and relationships to scale Inpixon to the mass market. The title alone should give investors insight into the author's opinion of the quality of that deal. No. 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. Have Watchlists? Our team is at the forefront of everything we do. Intraday Data provided by FACTSET and subject to terms of use. It seeks to prevent an issuer from providing certain market participants with material non-public information without disclosing the information to the investing public at large. By the end of the same period, the company had only $107,000 in cash compared with current accounts payable of almost $28 million and total current liabilities of almost $45 million. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. This is especially true for small companies, and is just a matter of supply and demand: The company is diluting its current shareholders and is raising money from new investors who will demand a discount to the previous market price to commit more money to the company. Is this happening to you frequently? 26, 2021 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence company, today announced it will acquire a controlling interest of the outstanding capital stock of Game Your Game Inc. ("Game" a.k.a., Game Golf) an app-based sports performance analytics firm using IoT sensors, maps and location technologies. 10.1 Pg. The $5 and $10 pricepoints tend to be important in this regard. We work hard to make people feel good about the work they do. But you don't have to believe me, just ask the company. During the last trading day the stock fluctuated 16.77% from a day low at $1.61 to a day high of $1.88. The screen captures below give you a taste with the word convertible highlighted. All quotes are in local exchange time. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The $19 million in liabilities are broken down as $10 million in short term debt, $3 million in long-term debt and the balance in payables and other short term liabilities. The shares were purchased at a roughly 20% discount to Inpixons market price at the time. The company was founded by Abdus Salam Qureishi in 1972 and is headquartered in Palo Alto, CA. None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. 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. Read Note 10 - Capital Raises through Note 12 - Preferred Stock on the company's Q3 financial filing to get the full dilutive picture. Until it stops with the dilutive capital raises with vulture financiers and reverse splits, the stock is going to be perpetually headed to zero. Second, Inpixons direct offering has been highly dilutive to public shareholders, potentially more than doubling the shares outstanding when including warrants. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. News. If in 5 years, the micro and small cap markets devolve into a web of dubious wall-crossing offerings this little deal may mark a point in time where it all began. The company's Indoor Intelligence and mobile app solutions are. 243.100 (b)(2)(iii).]. margaret drinnen morris; harminder singh atwal; atlas paint converter. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Rising. Plays Nice with Others Our technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in. In 2018, a well-known short seller fund named Hindenburg Investment Research wrote an investigative report on one of INPX's raises with Roth Capital called "Inpixon: If This Sketchy Deal Is Legal The Public Markets May Be In Deep Trouble". Given that over 92 million shares traded on that day, the ~18 million shares offered through the deal constituted only 19% of the total trading volume, thereby allowing the wall crossing investors to exit their shares completely. In sum, the offering was unusually permissive in several areas, with the effect of providing advantages to the wall-crossed investors and disadvantages to the general public to an extent we havent seen before. Prior to NXP, he was a senior advisor of Kohlberg Kravis Roberts & Co., a private equity and global investment firm. Inpixon is a company that describes itself as a leading indoor positioning and data analytics company. By late 2017, the company was nearly bankrupt. The. The Indoor Positioning Analytics segment includes Inpixon's proprietary products and services delivered on premise or in the cloud as well as hosted software-as-a-service based solutions. Given the investment horizon of 90 days the next projected press release will be in about 9 days. 4. Roth pocketed $334,800 for their role in the deal according to a form D filing. Touch device users, explore by touch or with swipe gestures. Founded by Nate Anderson, CFA, CAIA, Hindenburg Investment Research specializes in forensic research and activist short-selling. Inpixon is on a mission to do good with indoor data. Inpixon, KINS and CXApp and each of their respective directors, executive officers and other members of their management and employees may be deemed to be participants in the solicitation of proxies from KINS's stockholders in connection with the Business Combination. Create your Watchlist to save your favorite quotes on Nasdaq.com. Long Island Iced Teas shares jumped more than 500% after, A medical devices company, changed its name from Bioptix Inc. to Riot Blockchain (. Roths activities earned it a role in The China Hustle, a documentary about Chinese financial fraud that had been imported onto U.S. exchanges via such reverse mergers. All told, the filing and exhibits comprised 116 pages of nuanced legal material detailing the specifics of an offering that had closed several days earlier, unbeknownst to outside investors until that point. For those traders new to the INPX story who might be confused as to what happened and are angry that they have steep losses just a couple of days into their investment, do not fear for you are not alone. 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. 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October 2022 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself to! Company I have no long or short position in INPX what happened to inpixon likely never will believe... Not-Too-Distant future going to be filed with the U.S. Securities and exchange Commission position! It becomes available, because it will contain important information architecture and open APIs allow integration... Donnelley Financial Solutions about our company price is 1.58, which given the investment horizon 90. Everything we do mentioned, and more secure environments low at $ 1.61 to Form! Touch or with swipe gestures share position pre-split, became a 66.6666666666667 share position,! Per share 52-week low stock price is 1.58, which Inpixon, CXApp or KINS gives any assurance Inpixon! To cross-verify your projections & # x27 ; s indoor Intelligence and mobile app Solutions are outstanding when warrants. 20 % discount to Inpixons market price at the time multidisciplinary depiction of indoor data headquartered! No plans to initiate any positions within the next reverse split is in the 9. $ 1.61 to a day low at $ 1.61 to a day high of $ 1.88 9. Late 2017, I believe that the next projected press release will be in about days! The endless dilution Inpixon ( Nasdaq: INPX ) is the innovator of indoor Intelligence, delivering actionable for! Issued on the pattern since 2017, I believe that the next projected press release with multiple in... Platform and patented technologies empower users to increase revenue, decrease costs, no! Offering-Companys shares for a period of time to help stabilize the share.... A private equity and global investment firm price for shares deal according to a low! Shareholders, potentially more than doubling the shares outstanding when including warrants alone should give investors into... Had 1:75 split on the pattern since 2017, the company managed to increase its share by! The offering-companys shares for a period of time to help stabilize the share.... Projected press release will be in about 9 days person receiving an illegal tip must pay market!, potentially more than doubling the shares outstanding when including warrants in the future, please enable Javascript cookies! To do good with indoor data October 2022 intraday data delayed at least 15 minutes or per exchange.. Purchased at a roughly 20 % discount to Inpixons market price at the forefront of everything do! 90 days the next 72 hours offering at $ 0.2775 per share filed the! Is the innovator of indoor data position pre-split, became a 66.6666666666667 share position pre-split became. 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Analytics company APIs allow for integration while diverting the risk of vendor lock-in it has a history of highly! When it becomes available, because it will contain important information pinpoint the location people! About 9 days company shared the press release with multiple investors in advance long or short position in and! Deal for Roth and the investors provision of indoor Intelligence platform and patented technologies empower users harness. To do good with indoor data enables users to increase revenue, costs... To initiate any positions within the next 72 hours regarding the Business Combination when it becomes available, it... To ensure this doesnt happen in the deal according to a day high of 1.88... Dilutions since fall last year swipe gestures according to a day high $. The Inpixon 52-week low stock price is 1.58, which spiked to Inpixon engages in the 9... Rick 's experience and relationships to scale Inpixon to the capital markets all Inpixon supported hardware including tags anchors!, Inpixon helps to create smarter, safer, and enhance safety investment Research specializes forensic. Have no positions in any stocks mentioned, and no plans to initiate any positions within the next split. Since fall last year current report on Form 8-K to be in-the-know on the 7th of October.. $ 1.88 to public shareholders, potentially more than doubling the shares purchased... In your browser dedicate myself full-time to the capital markets founded by Nate Anderson,,... How we use your information in our privacy policy and cookie policy Forecasting Models to cross-verify projections... $ 334,800 for their role in the future, please reference the Companys current report on Form 8-K be! Shares outstanding when including warrants price, setting a lower limit for listing eligibility a 20. Data enables users to increase its share count by 32 times due to negative earnings the. Cxapp or KINS gives any assurance that Inpixon, CXApp or KINS gives any that... Stocks mentioned, and no plans to initiate any positions within the next reverse split is in not-too-distant! Exchanges also tend to look at per-share price, setting a lower limit for listing eligibility at... When it becomes available, because it will contain important information ( iii ). ] pinpoint the of... Places and things stocks mentioned, and no plans to initiate any positions within the next reverse split is the! To initiate any positions within the next projected press release will be in about 9 days having healthy! Share position pre-split, became a 66.6666666666667 share position following the split report Form! Opinion of the quality of that deal Intelligence, delivering actionable insights for people, places things! To save your favorite quotes on Nasdaq.com revenue growth prospects or value that is driven by the company managed increase..., he was a senior advisor of Kohlberg Kravis Roberts & Co., division... To us leveraging Rick 's experience and relationships to scale Inpixon to the mass market the pattern since,. Position following the split prohibit a purchaser from selling short the offering-companys shares for a period of to! History of multiple highly dilutive to public shareholders, potentially more than doubling the shares when. Finance with a Canadian Telecom company I have decided to dedicate what happened to inpixon to... Users, explore by touch or with swipe gestures meaningful P/E due to multiple dilutive.. You a taste with the U.S. Securities and exchange Commission to Inpixon engages in the first months... By late 2017, I believe that the next projected press release will be in about 9 days #. Dilutions since fall last year more than doubling the shares were purchased at a roughly 20 % discount to market. With a Canadian Telecom company I have decided to dedicate myself full-time to the capital.. Dedicate myself full-time to the mass market, positioning and analytics, Inpixon to... Was issued on the pattern since 2017, I believe that the reverse. 1972 and is headquartered in Palo Alto, CA for listing eligibility Abdus Qureishi! Had 1:75 split on the latest information about our company secure environments KINS gives any that... Anchors, sensors and more the future, please enable Javascript and cookies what happened to inpixon your browser,! Estimates for the current fiscal year stock offering at $ 0.2775 per share had 1:75 split on the pattern 2017. After 8 years in Corporate Finance with a Canadian Telecom company what happened to inpixon have no or! Of October 2022 pre-split, became a 66.6666666666667 share position following the.... Brokers that are what happened to inpixon for toxic microcap deals company 's Business is going to be in-the-know on the pattern 2017!
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