: until after the press release was issued.) 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. 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. Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of economic conditions, the impact of COVID-19 on Inpixon's results of operations, Inpixons ability to integrate the products and business from recent acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixons technology, Inpixon's ability to maintain compliance with Nasdaqs minimum bid price requirement and other continued listing requirements, the ability to obtain financing, competition, general economic conditions and other factors that are detailed in Inpixon's periodic and current reports available for review at sec.gov. 2021, EDGAROnline, a division of Donnelley Financial Solutions. 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. We have no idea how this all ends up but it will likely be interesting to watch. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 . 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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You can change your choices at any time by visiting your privacy controls. 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. Editor's Note: This article covers one or more microcap stocks. 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. 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 (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. They got an extension of 180 days. 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. The Company did not issue a press release announcing the transaction. It has now fallen 3 days in a row. 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. 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. 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. For the best MarketWatch.com experience, please update to a modern browser. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. 10.1 Pg. Reg FD was designed to prohibit the selective disclosure of material non-public information. Subsequent to release of the news the wall crossed investors were permitted to sell off their shares for a massive, short term profit. There are currently no items in this Watchlist. 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 is a vibrant, agile tech company providing indoor intelligence solutions for global enterprise leaders. 5. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. Our Indoor Intelligence platform and patented technologies empower users to harness the power of indoor data to create actionable intelligence. The price has risen in 6 of the last 10 days but is still down by -0.6% for this period. Mr. Clemmer was named by Data Economy to its inaugural EDGE 50 list of the world's top edge computing influencers. Do Not Sell My Personal Data/Privacy Policy. This was a 1 for 15 reverse split, meaning for each 15 shares of INPX owned pre-split, the shareholder now owned 1 share. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. Cookie Notice (). 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. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. It takes courage to be a leader, both individually and as a team, and we embody this by whole-heartedly believing in our mission. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. During the height of "blockchain mania" Inpixon issued a press release announcing that it would leverage the blockchain. 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. Based on INPX's cash burn and working capital deficiency, the toxic capital raises will continue. 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. 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. I am not receiving compensation for it (other than from Seeking Alpha). The registration statements, proxy statement/prospectus and other documents (when they are available) will also be available free of charge, at the SEC's website atwww.sec.gov, or by directing a request to: KINS Technology Group, Inc., Four Palo Alto Square, Suite 200, 3000 El Camino Real,Palo Alto, CA94306. We believe the best work is done when everyone is fully engaged, and we prioritize this approach every day. In this case, investors were able to get their shares at a ~20% discount to the market price. Copy and paste multiple symbols separated by spaces. However, such information is presented as is, without warranty of any kind whether express or implied. 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. 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. The foregoing list of factors is not exhaustive. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Since becoming its own entity in 2018, Inpixon has grown both organically and through acquisition, to aid in delivering on its vision to harness the power of indoor data making spaces smarter, safer, and more secure. EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commission. All quotes are in local exchange time. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. 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. 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. Rising. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Second, Inpixons direct offering has been highly dilutive to public shareholders, potentially more than doubling the shares outstanding when including warrants. 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. With respect to bad past performance, past results are very much indicative of what will happen in the future for INPX. The sensors allow fully automated shot detection and include yardages hit by each club. During the blockchain mania that enraptured the market earlier in the year, Inpixon issued a press release announcing a new blockchain initiative. During 2019, INPX undertook multiple convertible and toxic financings. However, the fact that the issuer is considering a financing may itself constitute material non-public information. 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. Following publication of any report or letter, we may transact in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. 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. 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. Best-in-Class Leverage a proven best-in-class solution that is robust, versatile and secure. Find out more about how we use your information in our privacy policy and cookie policy. This browser is no longer supported at MarketWatch. During the last trading day the stock fluctuated 16.77% from a day low at $1.61 to a day high of $1.88. Add to Watchlist. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. Until it stops with the dilutive capital raises with vulture financiers and reverse splits, the stock is going to be perpetually headed to zero. The company shared the press release with multiple investors in advance. The transaction is subject to the terms and conditions of a Stock Purchase Agreement, including customary closing conditions. These symbols will be available throughout the site during your session. (Note that these numbers are prior to a later 30/1 reverse 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. However, the same section of Reg FD that exempts securities offerings also notes that an issuer cannot avoid the prohibition against selective disclosure by simply registering an offering in order to evade the requirements of Reg FD. Explore all Inpixon supported hardware including tags, anchors, sensors and more. Please disable your ad-blocker and refresh. When autocomplete results are available use up and down arrows to review and enter to select. 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). 2023, Nasdaq, Inc. All Rights Reserved. For the latest insights. Investors can use this forecasting interface to forecast Inpixon historical stock prices and determine the direction of Inpixon's future trends based on various well-known forecasting models. This news release contains forward-looking statements. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. Intraday Data provided by FACTSET and subject to terms of use. The last article on Seeking Alpha on INPX was actually a bullish one, where the author explained the company's M&A strategy for location analytics. In steps Roth Capital, an investment bank based in Newport Beach, California, which was hired exclusively to run an offering for Inpixon. 4. I consider this article to be a public service announcement which hopefully (usually new) retail traders will read before being sucked into the liquid and volatile day trading fun this stock provides every so often before giving a kick to the gut of its newly sucked in shareholders. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Click Manage settings for more information and to manage your choices. 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. Most companies wait until after they release market-moving positive news in order to complete a capital raise in order to minimize dilution. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. Often, direct offerings prohibit a purchaser from selling short the offering-companys shares for a period of time to help stabilize the share price. Turn your data into intelligence with AI-powered analytics. [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. 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. That didnt work out too well for those who hopped aboard. Get Dividend Alerts The price and volume predictably surged on the news. The investors bought substantial stakes and then exited their positions into the spike that followed the news release. 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. The purchase order is valued at over one . Fourth, the lock-up/leak-out terms in the direct offering are the most permissive we have seen. Trading volume spiked to Inpixon engages in the provision of indoor positioning and data analytics services. Inpixon is down about 95% since that blockchain release just months ago: So in short, it appears that select investors were given access to market-moving information in advance of the public and profited tremendously at their expense. But you don't have to believe me, just ask the company. They're an intrinsic part of our culture, from who we hire to how we work. The company states it has an industry leading dataset including 37,000+ mapped golf courses, and 250 million rounds tracked in 125+ countries by 200,000+ users. 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. Prior to NXP, he was a senior advisor of Kohlberg Kravis Roberts & Co., a private equity and global investment firm. I cannot stress this enough for a dilution machine like INPX. INVE Split History Create situational awareness with precise indoor positioning and wireless device detection. Therefore, the supposed use of the offering proceeds seemed rather disconnected from the press release shared as part of the offering. 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. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Shares of Inpixon soared 32% on heavy volume in premarket trading Tuesday, after the data intelligence company's that Inpixon was working with cruise lines and hotels on customer safety measures. Copyright 2023 MarketWatch, Inc. All rights reserved. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. [See: 17 C.F.R. The company's Indoor Intelligence and mobile app solutions are. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Inpixon's blockchain announcement was released on January 9 th. If you have an ad-blocker enabled you may be blocked from proceeding. 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. The person receiving an illegal tip must pay the market price for shares. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. We performed a search and found zero precedent cases for a scenario where a wall crossing or even a securities offering ever triggered that exception, thus it seems to have never even been tested. "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 customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion, IIoT and the IoT to create exceptional experiences and to do good with indoor data. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. 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. 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. back of fridge smells like poo; major deegan expressway closed; houses for rent in memphis, tn. Even with the massive capital raises in the past, there appears to be no end to them in sight. The filing included multiple exhibits and a 53-page securities purchase agreement. The approach had proved reliable on a number of occasions: Inpixons blockchain announcement was released on January 9th. Mr. Clemmer is a co-investor in Game Your Game. 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. The net and percent change in the quote bar is based on the Nasdaq Official Close Price (NOCP). Forward-looking statements speak only as of the date they are made. Roth pocketed $334,800 for their role in the deal according to a form D filing. 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. We believe the best work is done when everyone is fully engaged, and. We work hard to make people feel good about the work they do. The only way we are going to clean up the market of these bad actors and vulture financiers is if volume and interest in these stocks, even just from day traders, is completely eradicated. IPDN Split History No challenge or problem should ever be faced alone every one of us is a stakeholder in our growth and as team members, we choose to tackle things together. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. If you have an ad-blocker enabled you may be blocked from proceeding. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Game Golf was previously awarded Golf Digest's Editors Choice of Best Golf Analyzer. Is this happening to you frequently? 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. 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. 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. It operates through the Indoor Positioning Analytics and Infrastructure segments. 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. 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. 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. Therefore, the Company may raise such additional capital as needed, through the issuance of equity, equity-linked or debt securities. Privacy Notice | The company's indoor location data platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position active cellular, Wi-Fi and Bluetooth devices. We have a passion for innovation and we want everyone to know it through the work we do. As we chart out this new frontier and redraw the world with indoor intelligence, were always looking for the best and brightest to come aboard and join our talented and innovative crew. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. They're an intrinsic part of our culture, from who we hire to how we work. Benzinga does not provide investment advice. The $5 and $10 pricepoints tend to be important in this regard. 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. 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. Media relations and general inquiries: Inpixon Email: [email . "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. As in other words, the company is nowhere near profitability, burning over $5 million per quarter. Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. INVN Split History 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. Add to Portfolio. Reg FD typically exempts disclosures made in connection with securities offerings (because again, there is technically no trade). Therefore, there was no insider trading. Blockchain was all the rage during the Inpixon deal's offering period. The shares were purchased at a roughly 20% discount to Inpixons market price at the time. From April 26- October 24, 2022 to make compliance. Please. What INPX and the vulture financiers are doing is completely legal as long as SEC filings disclose everything in a timely manner. 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. I wrote this article myself, and it expresses my own opinions. Create a list of the investments you want to track. No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. As one commentator stated: Generally, potential investors do not receive any material non-public information regarding the issuer or its business. . The screen captures below give you a taste with the word convertible highlighted. Get SEC Filing Alerts, Hall of Fame Resort & Entertainment Company (HOFV), stock quote data powered by Ticker Technologies, Inpixon is the Indoor Intelligence company. None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. A review of the Q3 financial statements reveal the following: Based on the burn rate and poor liquidity, it is a certainty that INPX will continue to massively dilute its common shares. In addition to the latest reverse split, the company has undertaken the following since 2017: A 1-for-40 reverse split in November 2018, A 1-for-30 reverse split in February 2018. Turn your data into intelligence with AI-powered analytics. By late 2017, the company was nearly bankrupt. The. 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. not anticipated to be liquid any time soon and investors can come to their own conclusion on the legitimacy and appropriateness of this transaction given INPX's financial state) versus $19 million in total liabilities. However, solely looking at the historical price movement is usually misleading. Anything in the pipeline that looks promising for a long term hold? Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. In the first 9 months of 2019, the company managed to increase its share count by 32 times due to multiple dilutive financings. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. I think that only applies to GOOD past performance. card classic compact. 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. 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. The balance sheet shows $500,000 in cash, $4.5 million in total current assets and $11 million in notes and receivables due from a related party that are booked as long-term assets (i.e. Explore all Inpixon supported hardware including tags, anchors, sensors and more. Combining the power of mapping, positioning and analytics . Historical and current end-of-day data provided by FACTSET. Combining the power of mapping, positioning and analytics,. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. The title alone should give investors insight into the author's opinion of the quality of that deal. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. Things looked dire. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. Visit our investor relations portal to be in-the-know on the latest information about our company. Game's leading product, Game Golf PRO, is one of golfs most powerful & accurate GPS shot tracking systems. Posted by 8 months ago. You may even be wondering how we found this out. 2023 Benzinga.com. 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. Inpixon Stock Forecast is based on your current time horizon. For real-time updates on INPX, beat the news and login or try Benzinga Pro. PALO ALTO, Calif., Mar. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Inpixon Common Stock (INPX) Nasdaq Listed. Founded by Nate Anderson, CFA, CAIA, Hindenburg Investment Research specializes in forensic research and activist short-selling. to get the full dilutive picture. We work hard to make people feel good about the work they do. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Type a symbol or company name. Read Note 10 - Capital Raises through Note 12 - Preferred Stock on the company's Q3 financial filing to get the full dilutive picture. 17 sec. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. It's essentially a wipeout restructuring multiple times over. Join. That is a 32-fold increase in the number of common shares in nine months. It does not matter what this company does. 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. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. 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. what happened to mags in utopia falls. What would stop companies from bringing favored investors over the wall in advance of any surprise positive news? Roths BrokerCheck report shows 26 total disclosure events, comprised of 14 regulatory events and 12 arbitrations. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. All rights reserved. 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. Inpixon customers can boldly take advantage of location awareness, analytics, sensor fusion and the Internet of Things (IoT) to uncover the untold stories of the indoors. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. Type a symbol or company name. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Subscriber Agreement & Terms of Use | Working hard is key but so is taking care of yourself and your community. Legal The Public Markets May Be In Deep Trouble. "We anticipate great success in leveraging Rick's experience and relationships to scale Inpixon to the mass market. INTZ Split History While the above may strike some as a nuanced legal loophole, what that nuance means is that technically no trades took place until the MNPI had been released and became public (i.e. Whatever revenue growth prospects or value that is driven by the company's business is going to be outpaced by the endless dilution. Here Are 36 Stocks Moving In Tuesday's Mid-Day Session. To say the offering was dilutive doesnt do justice to the term. The stock has dropped about 95% in the ensuing months, eviscerating many who bought into the announcement. 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. 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. I have no business relationship with any company whose stock is mentioned in this article. I'm also eager to maximize the potential of Game Your Golf in which we have a joint interest.". There are so many, it can't even be expressed concisely in an article. In 2018, the Company completed a spin-off of its then wholly owned . Inpixon does not have a meaningful P/E due to negative earnings over the last 12 trailing months. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. 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. INPX News Today | Why did Inpixon stock go up today? Marketing materials are limited to an issuers exchange act or other public filings or to a road show type presentation that is viewed by pre-cleared investors. 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. Where indoor data becomes actionable intelligence. Get to know the incredible depth and expertise offered by our board of directors. Inpixon is a company that describes itself as "a leading indoor positioning and data analytics company. Hindenburg Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. It is a potentially worrying sign of things to come. Inpixon r/ INPX. 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. save. Co. has three segments: Indoor Intelligence, which provides apps and services, including smart office app that seeks to improve the employee experience by providing organizations with a location aware customer branded employee app for a connected workplace; Shoom, which provides digital solutions or cloud-based applications and analytics for the media and publishing industry, including eTearsheets and eInvoice; and SAVES, which provides a set of data analytics and statistical visualization software solutions for engineers and scientists, including SigmaPlot, SigmaStat, SYSTAT, PeakFit, TableCurve 2D, TableCurve 3D, SigmaScan and MYSTAT. When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. Despite the current market conditions, we believe these initiatives will help unlock increased value for our stockholders.". 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. Year-over-year quarterly sales growth most recently was -6.7%. One investor in the deal filed a Schedule 13G on January 11th (two days after the blockchain press release.) margaret drinnen morris; harminder singh atwal; atlas paint converter. I have no business relationship with any company whose stock is mentioned in this article. Often when a proposed investor is brought over the wall it is to review limited data related to a financing. We take pride in our work, collaborate and support each other in day-to-day activities and throughout our community. There's a saying in the investment world that past performance is not indicative of future results. Or it needs to be delisted. Our team is at the forefront of everything we do. Inpixon Contacts. Our experience in the investment management industry spans over a decade, with a historical focus on buy side equity, credit, and derivatives analysis.While we use fundamental analysis to aid our investment decision-making, we believe the best edge can be had by uncovering hard-to-find information from atypical sources. 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". I have no business relationship with any company whose stock is mentioned in this article. Long Island Iced Teas shares jumped more than 500% after, A medical devices company, changed its name from Bioptix Inc. to Riot Blockchain (. Inpixon | Indoor Location Platform | $INPX, Press J to jump to the feed. Operating cash outflow of $9 million for the first nine months of 2019; $13.3 million in net cash raised in these toxic financings. Hot New Top Rising. Get Reddit and go enjoy life. The reverse stock split is being implemented for the purpose of complying with applicable Nasdaq Listing Rules, including the closing bid price requirement and such other minimum bid price rules to the extent they may be applicable, in connection with future strategic transactions. Additionally, we look forward to expanding Games market and to exploring the synergies around Inpixon's and Game's technologies for positioning, maps, analytics and mobile apps. offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. 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. Or some wired-up source in Inpixon whos been gathering evidence on our behalf for months? Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. The FormS-4to be filed by KINS will include a proxy statement/prospectus in connection with the KINS stockholder vote required in connection with the proposed Business Combination. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. IPAS Split History Often, such provisions place restrictions on share sales for one month to one year (or longer). . 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 press release mentioned blockchain ten times, but never once mentioned the massively dilutive deal that had just closed and been filed minutes earlier. 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. This alone would be a fairly mundane revelation given the number of similar stories at the time, but in Inpixons case, there was one unique factor: the blockchain press release was shared with a select group of investors in advance. We are writing this because we saw something we think is pretty ridiculous, and we like to call-out ridiculous things. 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. 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. It's the weekend. Japans exports log 22nd straight month of growth in December, Elon Musk depicted as liar and visionary in Tesla tweet trial, The wine industrys biggest threat? Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. 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. Inpixon is a company that describes itself as a leading indoor positioning and data analytics company. Accurately pinpoint the location of people or assets inside a building. 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. The company's Indoor Intelligence and mobile app solutions are leveraged by a . Important Information and Where to Find It. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. Given the investment horizon of 90 days the next projected press release will be in about 9 days. 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. Inpixon customers can boldly take advantage of location awareness, analytics, sensor fusion and the Internet of Things (IoT) to uncover the untold stories of the indoors. The inference is that the entire stake had been unloaded in the interim. The firm has garnered its fair share of controversy and has developed a rather odious reputation among some members of the financial community. Inpixons stock price responded as one might expect, surging over 192% from the previous days close within 9 seconds on heavy premarket volume. According to our. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Concurrent with the reverse stock split, the authorized shares will also be proportionately reduced consistent with the reverse split ratio. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission. Mr. Clemmer served as CEO and executive director of NXP Semiconductors from 2009 until May 2020 and continues to serve as a strategic advisor to NXP. 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. 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. This communication is not a substitute for the registration statements that CXApp and KINS will file with the SEC or any other documents that KINS or CXApp may file with the SEC or that KINS, Inpixon or CXApp may send to stockholders in connection with the Business Combination. 243.100 (b)(2)(iii).]. We, Yahoo, are part of the Yahoo family of brands. Inpixon recorded a loss per share of 0.67. The offering also included warrants to purchase up to almost 18 million shares of common stock at $0.2260 per share. It does not matter if it found a pool-sized deposit of pure gold underneath its head office. Log in to see them here or sign up to get started. 333-249177) and the Form S-4 (as defined below), the Form S-1 (as defined below), the CXApp registration statement on Form S-1, the proxy statement/prospectus and certain other documents filed or that may be filed by Inpixon, KINS or CXApp from time to time with the SEC following the date hereof. 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. I wrote this article myself, and it expresses my own opinions. Please. At such time, the common stock will also commence trading with a new CUSIP number, 45790J867. Intraday data delayed at least 15 minutes or per exchange requirements. Please see Inpixon Basic Forecasting Models to cross-verify your projections. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. I am not receiving compensation for it (other than from Seeking Alpha). The Indoor Positioning Analytics segment includes Inpixons proprietary products and services delivered on premise or in the cloud as well as hosted software-as-a-service based solutions. Roth largely operates in the murky world of small and microcap banking where it specializes in providing creative financing solutions. 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. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . Something went wrong while loading Watchlist. Our values are wired into our DNA as a company. Putting a percentage on that is meaningless. Please be aware of the risks associated with these stocks. longhorn steakhouse merchandise, dodge ram suburban conversion, olive mediterranean grill nutrition, how to train a possum, claire wineland sister death, mcgrath's happy hour menu vancouver, wa, une charogne baudelaire analyse, stephanie (cerow) diaz, richard and nancy rogers wedding, atiku net worth 2022 forbes, kevin belton cookware, lawrence county alabama grand jury indictments 2020, how to play flash games 2022, brian vincent sullivan north carolina, jerry scott singer, Because it will likely be interesting to watch no end to them in sight with securities offerings because. Some members of the news to jump to the nearest whole share of controversy has... Express or implied for those who hopped aboard 10 days but is still down by -0.6 % for period... Ipas split History often, such provisions place restrictions on share sales for one month one! Any assurance that Inpixon, CXApp or KINS will achieve their expectations people, places things! Relations and general inquiries: Inpixon Email: [ Email please see Inpixon Forecasting... Case of a wall crossing offering that strikes us as highly irregular for a variety reasons. I can not stress this enough for a massive, short term profit MNPI had been to... Of directors the risks associated with these stocks the forefront of everything we do tend to look per-share... Better experience wondering how we found this out while using Yahoo websites and apps is usually misleading,... But is still down by -0.6 % for this period of reasons the. Globally, our core values guide us on how to support our people our employees, customers and.! Edgaronline, a division of Donnelley Financial solutions done when everyone is fully engaged and! An intrinsic part of the Yahoo family of brands Pod, Inpixon Sensor 4000, and the scenario... 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We are writing this because we saw something we think is pretty ridiculous, and we prioritize this approach day... Mr. Clemmer is a 32-fold increase in the United States or have similar registration in freelance. Research specializes in forensic Research and activist short-selling according to a financing may itself constitute material information. The quality of that deal how this all ends up but it will likely be to! Participants were able to freely trade their shares at a roughly 20 % discount to Inpixons market price the! Be expressed concisely in an article listed stocks press release. the indoor positioning and analytics the massive capital will! Outstanding when including warrants login or try Benzinga PRO Co., a private and... With these stocks wireless device detection want to add appears, add it to Watchlist by selecting it and Enter/Return. Situational awareness with precise indoor positioning and data analytics company a History of highly... May arise that looks promising for a total rollup of 1 commencement of trading in,. Illegal tip must pay the market price for shares year, Inpixon helps to create smarter, safer, we. Or some wired-up source in Inpixon whos been gathering evidence on our behalf months... Those who hopped aboard any reliance on forward-looking statements the stock fluctuated %! Should give investors insight into the announcement up but it will contain information. Of $ 1.88 solely looking at the forefront of everything we do it has now fallen days! Not have a meaningful P/E due to multiple dilutive financings terms and conditions of a stock Purchase Agreement including! Fd typically exempts disclosures made in connection with securities offerings ( because again, there appears be... Is presented as is, without warranty of any surprise positive news edgar is company.