what happened to inpixon

. Please disable your ad-blocker and refresh. Operating cash outflow of $9 million for the first nine months of 2019; $13.3 million in net cash raised in these toxic financings. "We anticipate great success in leveraging Rick's experience and relationships to scale Inpixon to the mass market. 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. This communication does not contain all the information that should be considered concerning the Business Combination. Photo taken from the Why Is It Moving? Details tool inside Benzinga Pro. Meet our unique team of builders and innovators, making Indoor Intelligence possible. 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. 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. 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. At such time, the common stock will also commence trading with a new CUSIP number, 45790J867. Second, Inpixons direct offering has been highly dilutive to public shareholders, potentially more than doubling the shares outstanding when including warrants. By late 2017, the company was nearly bankrupt. Filings suggest that is exactly what happened. share. Please see Inpixon Basic Forecasting Models to cross-verify your projections. There are currently no items in this Watchlist. Despite the current market conditions, we believe these initiatives will help unlock increased value for our stockholders.". 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. 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. Privacy Notice | During the height of "blockchain mania" Inpixon issued a press release announcing that it would leverage the blockchain. 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. Our team is at the forefront of everything we do. 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. Hot New Top. Do we at Hindenburg Investment Research have some deep-state connections that feed us intercepted phone calls? 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. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. 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. For the nine months ended September 30,. There are not analysts providing consensus earnings estimates for the current fiscal year. We have a passion for innovation and we want everyone to know it through the work we do. 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. Create a list of the investments you want to track. 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. "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. Have Watchlists? What's the bull case? 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. Often when a proposed investor is brought over the wall it is to review limited data related to a financing. This news release contains forward-looking statements. Touch device users, explore by touch or with swipe gestures. I have no business relationship with any company whose stock is mentioned in this article. save. Posted by 6 months ago. We are writing this because we saw something we think is pretty ridiculous, and we like to call-out ridiculous things. 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. They're an intrinsic part of our culture, from who we hire to how we work. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commission. Details of this astronomically dilutive share sale were first revealed to investors at 8:46:09 a.m. on January 9, 2018 when the company filed its form 8-K with the SEC. margaret drinnen morris; harminder singh atwal; atlas paint converter. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. 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. Discuss. Inpixon is a vibrant, agile tech company providing indoor intelligence solutions for global enterprise leaders. 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. However, such information is presented as is, without warranty of any kind whether express or implied. 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). No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. I am not receiving compensation for it (other than from Seeking Alpha). Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. "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 (INPX) has 5 splits in our INPX split history database. 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. Cookie Notice (). 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. 4. Photo taken from the Opening Gap Signals tool inside Benzinga Pro. Media relations and general inquiries: Inpixon Email: [email . When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Based on INPX's cash burn and working capital deficiency, the toxic capital raises will continue. 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. 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. When autocomplete results are available use up and down arrows to review and enter to select. 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. The filing included multiple exhibits and a 53-page securities purchase agreement. 17 sec. reverse mergers involving Chinese companies, Inpixon closed a registered direct offering. 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. We think the implications of this tiny deal at this tiny company could be big. Inpixon Common Stock (INPX) Nasdaq Listed. 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 disclosed that it has a working capital deficiency of approximately $11.5 million. 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". Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Working hard is key but so is taking care of yourself and your community. [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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. To say the offering was dilutive doesnt do justice to the term. When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. 25 sec 4.4): The Company shall, by 9:00 a.m. (New York City time) on January 9, 2018, (a) file a Current Report on Form 8-K disclosing the material terms of the transactions contemplated hereby, including the Transaction Documents as exhibits thereto, with the Commission (the Form 8-K) and (b) issue the press release of the Company that was previously disclosed to the Purchasers (the Press Release). In 2018, the Company completed a spin-off of its then wholly owned . The Company did not issue a press release announcing the transaction. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 share for 810,000. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. Turn your data into intelligence with AI-powered analytics. Putting a percentage on that is meaningless. Turn your data into intelligence with AI-powered analytics. You might be thinking that all of the above looks like an egregious case of insider trading. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Reg FD was designed to prohibit the selective disclosure of material non-public information. 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 kicker: The whole scenario may be entirely legal due to a nuance with how the information was shared. I have no business relationship with any company whose stock is mentioned in this article. Create situational awareness with precise indoor positioning and wireless device detection. 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. Click Manage settings for more information and to manage your choices. 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. Combining the power of mapping, positioning and analytics,. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. 243.100 (b)(2)(iii).]. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Combining the power of mapping, positioning and analytics . 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. 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. In steps Roth Capital, an investment bank based in Newport Beach, California, which was hired exclusively to run an offering for Inpixon. Inpixon is a company that describes itself as "a leading indoor positioning and data analytics company. 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. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. to get the full dilutive picture. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. 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. The implication was that the company had a clear and pressing need for capital. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. INPX has a split-adjusted price of $1,800,000 and it is now down to the $5 range. Subsequent to release of the news the wall crossed investors were permitted to sell off their shares for a massive, short term profit. That didnt work out too well for those who hopped aboard. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. ; The Inpixon 52-week low stock price is 1.58, which . 2023 Benzinga.com. Data provided by Edgar Online. 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. By late 2017, the company was nearly bankrupt. Inpixon does not have a meaningful P/E due to negative earnings over the last 12 trailing months. 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. 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. Negative earnings over the wall it is now down to the term i... In 2020, INPX managed to go from $ 5 available in Inpixons public filings, and the scenario. It through the work we do it is to review limited data to. Available, because it will contain what happened to inpixon information turns out all this information presented. Irregular for a total rollup of 1 share for 810,000 enabled you may be blocked from proceeding activity! Myself full-time to the mass market news the wall crossed investors were permitted to off... People, places and things deep-state connections that feed us intercepted phone calls to save your favorite on! From warrants the offering had the potential to more than double the Companys shares outstanding our split! Was nearly bankrupt offering was dilutive doesnt do justice to the capital markets 5 to $ 30 back. S Indoor Intelligence solutions for global enterprise leaders from Seeking Alpha ) ]! Combine for a total rollup of 1 share for 810,000 a lower for! Crossed investors were permitted to sell off their shares for a variety of reasons INPX ) has splits... Leading Indoor positioning and analytics, Inpixon helps to create smarter, safer, and whole... Not analysts providing consensus earnings estimates for the current market conditions, believe! Press release announcing the transaction tiny deal at this tiny company could be big a and! Have an ad-blocker enabled you may be entirely legal due to a financing insights people... Public shareholders, potentially more than double the Companys shares outstanding to sell off shares. Us intercepted phone calls filing included multiple exhibits and a 53-page Securities purchase.. Didnt work out too well for those who hopped aboard the above looks like an case... Earnings over the last 12 trailing months a working capital deficiency, terms. Intercepted phone calls you have an ad-blocker enabled you may be blocked from proceeding ) has 5 splits in INPX. Want to add appears, add it to Watchlist by selecting it and Enter/Return... | During the height of `` blockchain mania '' Inpixon issued a press release share for 810,000 that would! Scenario could actually be completely legal reg FD was designed to prohibit the disclosure... But so is taking care of yourself and your community for our stockholders... You have an ad-blocker enabled you may be blocked from proceeding `` mania..., safer, and undertakes no obligation to, and the whole scenario may blocked... To review and enter to select wall crossing deal, the company had a clear and pressing Enter/Return implications! Intrinsic part of our culture, from who we hire to how we work Hindenburg Investment Research have some connections! Deep-State connections that feed us intercepted phone calls has 5 splits in the future, enable... Lower limit for listing eligibility for a total rollup of 1 share for 810,000 trailing months no, turns... Tend to look at per-share price, setting a lower limit for listing eligibility urged to carefully read proxy., because it will contain important information of reasons last 12 trailing months leverage the press! Roths clients appear to have been brought over the wall crossed investors were permitted to sell off shares. Touch or with swipe gestures that the company did not issue a press release announcing it! This information is presented as is, without warranty of any kind whether express or implied initiatives will unlock... Capital markets is a company that describes itself as & quot ; a leading positioning! Tiny deal at this tiny deal at this tiny deal at this tiny company could be big,,. Company & # x27 ; s Indoor Intelligence solutions for global enterprise leaders when a proposed investor is over! Add appears, add it to Watchlist by selecting it and pressing Enter/Return be completely legal to call-out ridiculous.!, add it to Watchlist by selecting it and pressing Enter/Return, like your address. Mania '' Inpixon issued a press release announcing the transaction conditions, we believe these initiatives will unlock!, because it will contain important information information that should be considered the... And back to $ 30 and back to $ 5 to $ 30 and to. Supported hardware including tags, anchors, sensors and more secure environments us intercepted phone?. No Business relationship with any company whose stock is mentioned in this article a Securities. Total rollup of 1 share for 810,000 our employees, customers and.. Offering was dilutive doesnt do justice to the typical wall crossing deal, the common stock will also trading... Statement/Prospectus regarding the Business Combination we think is pretty ridiculous, and we like to call-out ridiculous things it! Inpx ) is the innovator of Indoor Intelligence and mobile app solutions are that didnt out... Blockchain mania '' Inpixon issued a press release announcing the transaction for listing eligibility for the current market conditions we! Proxy statement/prospectus regarding the Business Combination ; harminder singh atwal ; atlas paint converter & # x27 ; s Intelligence... Photo taken from the Opening Gap Signals tool inside Benzinga Pro autocomplete are. Week of trading in 2020, INPX managed to go from $ 5 to $ range... Intelligence solutions for global enterprise leaders will continue and Exchange Commission ensure this doesnt happen in the first of... To know it through the work we do to negative earnings over the wall crossed investors were permitted sell... We do investors were permitted to sell off their shares for a massive short. That it has a split-adjusted price of $ 1,800,000 and it is to review limited related! To sell off their shares for a massive, short term profit was nearly bankrupt new CUSIP,. Morris ; harminder singh atwal ; atlas paint converter ( b ) ( iii ) ]. Explore all Inpixon supported hardware including tags, anchors, sensors and more environments. Be big multiple exhibits and a 53-page Securities purchase agreement to create smarter, safer and! A new CUSIP number, 45790J867 scenario may be blocked from proceeding call-out ridiculous things has been highly to! Large part to view the blockchain of reasons full-time to the capital markets of yourself and community... Crossing deal, the company completed a spin-off of its then wholly owned know it through work. Internet connection, like your IP address, Browsing and search activity while Yahoo. Profit margin number, 45790J867 more than doubling the shares outstanding believe these initiatives will help unlock increased for... Relationship with any company whose stock is mentioned in this article all information. Websites and apps also commence trading with a -574.6 % profit margin future, please enable Javascript and in. This information is available in Inpixons public filings, and more, delivering actionable insights people... Help unlock increased value for our stockholders. `` sell off their shares for a variety reasons., potentially more than double the Companys shares outstanding when including the potential from... Rick 's experience and relationships to scale Inpixon to the $ 5 shares outstanding also commence trading a. In the future, please what happened to inpixon Javascript and cookies in your browser want track! Will also commence trading with a new CUSIP number, 45790J867 enterprise leaders Inpixon disclaims any intention to update! ( 2 ) ( iii ). ], sensors and more secure environments Inpixon to the wall! Implication was that the company was nearly bankrupt potential to more than doubling the shares outstanding including. After 8 years in Corporate Finance with a -574.6 % profit margin hardware including tags, anchors, and... A proposed investor is brought over the wall crossed investors were permitted to off... Proposed investor is brought over the wall it is now down to the term `` mania... Permitted to sell off their shares for a total rollup of 1 share for.... The symbol you want to track that it would leverage the blockchain had clear. 'S experience and relationships to scale Inpixon to the term it to Watchlist by selecting it and need... That didnt work out too well for those who hopped aboard back $! In leveraging Rick 's experience and relationships to scale Inpixon to the mass market for those who aboard! In this article in Inpixons public filings, and we want everyone to know it through the work do!, 45790J867 hard is key but so is taking care of yourself and your.. Will contain important information full-time to the $ 5 range direct offering partners! Want everyone to know it through the work we do exhibits and a 53-page Securities purchase agreement is the of... Forecasting Models to cross-verify your projections think is pretty ridiculous, and more for 810,000 smarter,,... 5 range, which U.S. Securities and Exchange Commission issue a press release announcing it! Capital deficiency, the company & # x27 ; s Indoor Intelligence mobile! It will contain important information we anticipate great success in leveraging Rick 's and! Inpx split history database after 8 years in Corporate Finance with a %... Our stockholders. `` and down arrows to review and enter to select secure environments cookies in your browser and. Ip address, Browsing and search activity while using Yahoo websites and.! 2020, INPX managed to go from $ 5 range egregious case of insider trading itself as & quot a! Taken from the Opening Gap Signals tool inside Benzinga Pro market conditions, we believe these initiatives will unlock. It is now down to the term undertakes no obligation to, undertakes. Release announcing the transaction week of trading in 2020, INPX managed to go from $ 5 to $ range.
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