what happened to inpixon

You may even be wondering how we found this out. Create your Watchlist to save your favorite quotes on Nasdaq.com. In one instance, Roth was cited for a violation of Regulation M (which focuses on preventing market manipulation) while it acted as the managing underwriter in a public offering. Here Are 36 Stocks Moving In Tuesday's Mid-Day Session. Here, the leak-out agreement provided that on the date of the blockchain press release the wall crossing investors could not make up more than 35% of the trading volume in the Companys common stock. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. If you have an ad-blocker enabled you may be blocked from proceeding. Inpixon Contacts. ff): The Company further understands and acknowledges that (y) one or more Purchasers may engage in hedging activities at various times during the period that the Securities are outstanding, including, without limitation, during the periods that the value of the Warrant Shares deliverable with respect to Securities are being determined. Having a healthy balance between your personal and professional life is important to us. The. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. However, solely looking at the historical price movement is usually misleading. Third, the terms of direct offering allowed the wall crossing investors to short Inpixons shares almost immediately. Accurately pinpoint the location of people or assets inside a building. Explore all Inpixon supported hardware including tags, anchors, sensors and more. The "Close/Last" is the adjust consolidated close price. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Paired with a high-performance data analytics engine, patented algorithms, and advanced mapping technology, Inpixons solutions are leveraged by a multitude of industries to do good with indoor data. In particular we look for situations where companies may have any combination of (i) accounting irregularities (ii) bad actors in management or key service provider roles (iii) undisclosed related-party transactions (iv) or illegal/unethical business or financial reporting practices.Tips and feedback can be sent to info@hindenburgresearch.com. "As previously disclosed, we have undertaken a number of significant initiatives aimed at increasing stockholder value, including: (i) reducing corporate expenses to streamline operations; (ii) entering into a definitive agreement for the planned spin-off and sale of our newly formed subsidiary, CXApp Holding Corp., for shares in KINS Technology Group, Inc. (Nasdaq: KINZ; KINZW), valued at approximately $69 million to be issued to our securityholders as of a to be determined record date; and (iii) entry into a non-binding letter of intent with a third party involving the remainder of our business. The transaction is subject to the terms and conditions of a Stock Purchase Agreement, including customary closing conditions. Hot. There are not analysts providing consensus earnings estimates for the current fiscal year. Inpixons stock price responded as one might expect, surging over 192% from the previous days close within 9 seconds on heavy premarket volume. We, Yahoo, are part of the Yahoo family of brands. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. I write on Seeking Alpha to demonstrate my financial analysis and writing skills across a variety of industries and to take advantage of any story-based trading opportunity that may arise. I am not receiving compensation for it. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. The firm had 1:75 split on the 7th of October 2022. INPX needs to be put into a situation where it either stands on its own two feet through positive cash flow from operations or raises capital with reputable non-vulture firms until a day that cash flow positive results are achieved. [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. Combining the power of mapping, positioning and analytics . Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. My passion and greatest depth of knowledge is on Canadian small cap stocks and I consider my blog posts to be some of my best work. In addition, the Company is pursuing possible strategic transactions. This was a 1 for 15 reverse split, meaning for each 15 shares of INPX owned pre-split, the shareholder now owned 1 share. I have no business relationship with any company whose stock is mentioned in this article. Game Golf PRO is designed to help players improve their scores and to enable course managers, greenskeepers and architects to lower costs and improve the pace of play. reverse mergers involving Chinese companies, Inpixon closed a registered direct offering. This communication shall neither constitute an offer to sell nor the solicitation of an offer to buy any securities or the solicitation of any proxy vote, consent or approval in any jurisdiction in connection with the Business Combination, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to any registration or qualification under the securities laws of any such jurisdictions. 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. INTZ Split History KINS's stockholders and Inpixon's stockholders and other interested persons are advised to read, when available, the preliminary and definitive registration statements, and documents incorporated by reference therein, as these materials will contain important information about KINS, CXApp and the Business Combination. Concurrent with the reverse stock split, the authorized shares will also be proportionately reduced consistent with the reverse split ratio. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. Putting a percentage on that is meaningless. The first split for INPX took place on March 01, 2017. Editor's Note: This article covers one or more microcap stocks. I am not receiving compensation for it. 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. No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. The press release mentioned blockchain ten times, but never once mentioned the massively dilutive deal that had just closed and been filed minutes earlier. IPDN Split History 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. share. By late 2017, the company was nearly bankrupt. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. Hot New Top. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual results to materially differ from such statements. Operating cash outflow of $9 million for the first nine months of 2019; $13.3 million in net cash raised in these toxic financings. These dilutive capital raises resulted in the shares outstanding climbing from (pre-January 2020 split) 1,581,880 as of December 31, 2018 to 50,518,500 as of September 30, 2019. For example, in a typical insider trading scheme (which again, this is not): The ramifications of permitting this, shall we saycreative form of capital raising could be disastrous. Inpixon was spun out of Sysorex, Inpixon acquires Locality Systems, RF-based indoor security solutions innovator, Inpixon acquires package of GPS-based products, software, technologies & IP, Inpixon acquires Jibestream, a global leader in indoor mapping since 2010, Inpixon acquires global distribution license for SYSTATs data analytics and statistical visualization solutions, incorporated in 1983, Inpixon acquires Ten Degrees Inc., adding on-device positioning capabilities to its technology portfolio, Inpixon acquires nanotron Technologies Gmbh, a leader in RTLS and UWB/Chirp positioning solutions founded in 1991. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. 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. This is not a regulatory issue here. This browser is no longer supported at MarketWatch. INUV Split History In 2012, Roth shut down its Shanghai office and largely stopped pursuing China-related investment banking business after several of its clients became entangled in allegations of fraud, including: (1) HQ Sustainable Maritime, (2) China Biotics, and (3) Yuhe International. All told the offering looks to have been a sweet deal for Roth and the investors. Visit a quote page and your recently viewed tickers will be displayed here. 243.100 (b)(2)(iii).]. For the nine months ended September 30, 2017, Inpixon incurred a net loss of approximately $27.1 million and had a working capital deficiency of approximately $30.8 million. card classic compact. Inpixon invests in sports performance analytics company Game Your Game Inc. Inpixon acquires Visualix, AR, 3D reconstruction technology and spatial positioning technology, Inpixon acquires The CXApp, an industry leader in powering world-class digital workplace experiences, Inpixon acquires IntraNav GmbH, a leading industrial RTLS and sensor data service provider. Where indoor data becomes actionable intelligence. The proxy statement/prospectus contained in KINS's registration statement will be mailed to KINS's stockholders as of a record date to be established for voting on the Business Combination. Please be aware of the risks associated with these stocks. Inpixon recorded a loss per share of 0.67. From the liquidity section of its Q3 filing: The Companys capital resources as of September 30, 2019, availability on the Payplant facility to finance purchase orders and invoices in an amount equal to 80% of the face value of purchase orders received and funds from its revenue will not be sufficient to fund planned operations during the next twelve months from the date the financial statements are issued based on current projections. 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. IRF Split History, Also explore: INPX shares outstanding history, Free INPX Email Alerts: Here, purchasers in the direct offering were allowed to sell shares short and hedge their warrant exposure with minimal limitation (Pg. It does not matter what this company does. vandegrift soccer roster; las tortugas respiran por el ano; wordtune paraphrasing tool; antelope valley college radiology program Privacy Notice | The investors bought substantial stakes and then exited their positions into the spike that followed the news release. Mr. Clemmer is a co-investor in Game Your Game. On the heels of yet another reverse split - this time 1-for-45 - Inpixon (NASDAQ:INPX) managed to empty out the wallets of traders who held the hot potato for an instant too long this past week. Below, we examine the compound annual growth rate CAGR for short of an investment into Inpixon shares, starting with a $10,000 purchase of INPX, presented on a split-history-adjusted basis factoring in the complete INPX split history. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. 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. INPX News Today | Why did Inpixon stock go up today? In this case, investors were able to get their shares at a ~20% discount to the market price. Create situational awareness with precise indoor positioning and wireless device detection. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Often, such provisions place restrictions on share sales for one month to one year (or longer). Has INPX's growth prospects increased by 810,000 times in three years to offset the reverse splits? 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. The company's Indoor Intelligence and mobile app solutions are. Inpixon customers can take advantage of mapping, positioning, analytics, sensor fusion, and the Internet of Things (IoT) to uncover the untold stories of the indoors. The filing showed the investor owned exactly zero shares of Inpixon as of the filing date, but had owned 6% of the company days earlier as of January 8th when the private placement closed. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. 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. Given the investment horizon of 90 days the next projected press release will be in about 9 days. Thanks to the multiple reverse splits and five years of constant tanking, the chart looks like a ski slope where the skier has been burning on asphalt for two years. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. 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 words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements speak only as of the date they are made. Photo taken from the Why Is It Moving? Details tool inside Benzinga Pro. Cookie Notice (). The foregoing list of factors is not exhaustive. In steps Roth Capital, an investment bank based in Newport Beach, California, which was hired exclusively to run an offering for Inpixon. Plays Nice with Others Our technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in. By way of background, Roth has raised over $45 billion for small-cap public and private companies and completed approximately 300 merger, acquisition and advisory assignments since it was founded in 1992, according to the companys website. Inpixon (Nasdaq: INPX) is the Indoor Intelligence company that specializes in capturing, interpreting and giving context to indoor data so it can be translated into actionable intelligence. 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. It is a potentially worrying sign of things to come. 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. Visit our investor relations portal to be in-the-know on the latest information about our company. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com. I have no long or short position in INPX and likely never will. The company also named Richard "Rick" Clemmer, former CEO of NXP Semiconductors, a leading provider of embedded controllers for industrial internet of things (IIoT), mobile, and communications infrastructure with 2020 revenues of $8.6 billion, to Inpixon's board of advisors. Important Information and Where to Find It. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 . Reg FD was designed to prohibit the selective disclosure of material non-public information. What happened to Delisting? When a company such as Inpixon conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. I have no business relationship with any company whose stock is mentioned in this article. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. 4. Combining the power of mapping, positioning and analytics . All quotes are in local exchange time. Additional disclosure: Use of Hindenburg Researchs research is at your own risk. It's the weekend. Please disable your ad-blocker and refresh. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. Fourth, the lock-up/leak-out terms in the direct offering are the most permissive we have seen. None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. The shares were purchased at a roughly 20% discount to Inpixon's market price at the time. Inpixon r/ INPX. Presumably the other side of those trades included people who saw the exciting blockchain news and were hoping to take the stock for a ride. Irrelevance with younger people, United Airlines CEO warns 2023 will bring more disruptions for travelers, Allstate tells Wall Street to brace for higher catastrophe losses in Q4, thanks to December winter storm, Inflation hit rural, Hispanic, and Black people harder for one key reason and a four-day workweek is less stressful and just as productive, Rapper Flo Rida awarded $82.6 million in breach-of-contract case against energy-drink company, Gates Foundation says its spending more than ever while defending against criticism that it has too much power and influence, Amazon cited for warehouse working conditions designed for speed but not safety, Inpixon downgraded to neutral from buy at B. 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I cannot stress this enough for a dilution machine like INPX. Something went wrong while loading Watchlist. 17 sec. The company's Indoor Intelligence and mobile app solutions are leveraged by a . We think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. Inpixon (INPX) formed in Nevada in April 1999 is a world leader in indoor intelligence. Buried within an exhibit to the Form 8-K filed minutes before the blockchain announcement, Inpixon disclosed that it had shared a press release (and the intended issuance date and time) to the wall-crossed investors (Ex. Is this happening to you frequently? 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. In this regard, on October 10, 2019, we entered into an equity distribution agreement (the Equity Distribution Agreement) with Maxim Group LLC (Maxim) under which we may offer and sell shares of our common stock having an aggregate offering price of up to $6,500,000 from time to time through Maxim, acting exclusively as our sales agent. Inpixon Stock Forecast is based on your current time horizon. Is this happening to you frequently? Combining the power of mapping, positioning and analytics,. NASDAQ:INPX Inpixon - INPX News Today $1.70 +0.03 (+1.80%) (As of 12/30/2022 12:00 AM ET) Compare Today's Range $1.63 $1.70 50-Day Range $1.60 $3.67 52-Week Range $1.58 $47.25 Volume 25,729 shs Average Volume 61,878 shs Market Capitalization $4.06 million P/E Ratio N/A Dividend Yield N/A Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. to get the full dilutive picture. We have a passion for innovation and we want everyone to know it through the work we do. 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. The inference is that the entire stake had been unloaded in the interim. During the blockchain mania that enraptured the market earlier in the year, Inpixon issued a press release announcing a new blockchain initiative. : until after the press release was issued.) 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. 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. At such time, the common stock will also commence trading with a new. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. 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. 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. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The person receiving an illegal tip has to purchase or sell shares in the open market, and thus cant get a hold of more shares than actually exist at the time, unlike in this instance. Working hard is key but so is taking care of yourself and your community. All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All rights reserved. The kicker: The whole scenario may be entirely legal due to a nuance with how the information was shared. Our Indoor Intelligence platform and patented technologies empower users to harness the power of indoor data to create actionable intelligence. Most companies wait until after they release market-moving positive news in order to complete a capital raise in order to minimize dilution. The company was founded by Abdus Salam Qureishi in 1972 and is headquartered in Palo Alto, CA. This communication does not contain all the information that should be considered concerning the Business Combination. IOT Split History INVN Split History When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. We have no idea how this all ends up but it will likely be interesting to watch. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. Copy and paste multiple symbols separated by spaces. 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. Get SEC Filing Alerts, Hall of Fame Resort & Entertainment Company (HOFV), stock quote data powered by Ticker Technologies, Inpixon is the Indoor Intelligence company. "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. 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. Roths BrokerCheck report shows 26 total disclosure events, comprised of 14 regulatory events and 12 arbitrations. When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. Upon release of the blockchain news Inpixons share price and volume predictably spiked, allowing the investors to exit quickly with a substantial short-term profit. The sensors allow fully automated shot detection and include yardages hit by each club. Media relations and general inquiries: Inpixon Email: [email . There are so many, it can't even be expressed concisely in an article. Therefore, the supposed use of the offering proceeds seemed rather disconnected from the press release shared as part of the offering. PALO ALTO, Calif., Dec. 20, 2022 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence company, today announced that it has received an order for its real-time location system (RTLS) products from a global provider of transportation and industrial products and services. 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. Paired with a high-performance data analytics engine, patented algorithms, and advanced mapping technology, Inpixons solutions are leveraged by a multitude of industries to do good with indoor data. 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. We work hard to make people feel good about the work they do. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Get Reddit and go enjoy life. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction.

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