I'm also eager to maximize the potential of Game Your Golf in which we have a joint interest.". He also served in leadership roles at Agere Systems (the Lucent SC company), NCR Corporation, u-Nav Microelectronics, and Quantum Corporation. 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. 2023, Nasdaq, Inc. All Rights Reserved. Do Not Sell My Personal Data/Privacy Policy. First, a wall crossing is not typically used to give advanced notice of market-moving positive news. By late 2017, the company was nearly bankrupt. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. 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. In steps Roth Capital, an investment bank based in Newport Beach, California, which was hired exclusively to run an offering for 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. The Infrastructure segment offers third party hardware, software and related maintenance or warranty products and services. Therefore, the Company may raise such additional capital as needed, through the issuance of equity, equity-linked or debt securities. Putting a percentage on that is meaningless. 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 approach had proved reliable on a number of occasions: Inpixons blockchain announcement was released on January 9th. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . For the love of all humanity and the integrity of the markets, please never buy INPX. INVN Split History 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). That didnt work out too well for those who hopped aboard. The price has risen in 6 of the last 10 days but is still down by -0.6% for this period. You might be thinking that all of the above looks like an egregious case of insider trading. Our Indoor Intelligence platform and patented technologies empower users to harness the power of indoor data to create actionable intelligence. Intraday Data provided by FACTSET and subject to terms of use. The. 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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. You may even be wondering how we found this out. 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. During the last trading day the stock fluctuated 16.77% from a day low at $1.61 to a day high of $1.88. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. DATA AS OF May 12, 2022. What's the bull case? 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. 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. Additional disclosure: Use of Hindenburg Researchs research is at your own risk. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. card. : until after the press release was issued.) For additional details, please reference the Companys current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. 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 offering also included warrants to purchase up to almost 18 million shares of common stock at $0.2260 per share. 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. Add to Portfolio. Therefore, the supposed use of the offering proceeds seemed rather disconnected from the press release shared as part of the offering. Even with the massive capital raises in the past, there appears to be no end to them in sight. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Going back to this time last year I was keeping tabs but I'm somewhat out of the loop now. 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. If you have an ad-blocker enabled you may be blocked from proceeding. Copy and paste multiple symbols separated by spaces. In 2018, the Company completed a spin-off of its then wholly owned . 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. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. Concurrent with the reverse stock split, the authorized shares will also be proportionately reduced consistent with the reverse split ratio. This communication is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction where such distribution or use would be contrary to local law or regulation. IRF Split History, Also explore: INPX shares outstanding history, Free INPX Email Alerts: 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. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. 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. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. Do Not Sell My Personal Information (CA Residents Only). INPX has had four reverse splits in the past three years which combine for a total rollup of 1 share for 810,000. I have no long or short position in INPX and likely never will. We think the implications of this tiny deal at this tiny company could be big. Posted by 8 months ago. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 8. As one commentator stated: Generally, potential investors do not receive any material non-public information regarding the issuer or its business. Turn your data into intelligence with AI-powered analytics. We, Yahoo, are part of the Yahoo family of brands. The shares were purchased at a roughly 20% discount to Inpixon's market price at the time. Inpixon r/ INPX. These symbols will be available throughout the site during your session. 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. Mr. Clemmer is a co-investor in Game Your Game. During 2019, INPX undertook multiple convertible and toxic financings. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. Explore all Inpixon supported hardware including tags, anchors, sensors and more. 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. When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. 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 Inpixon stock price fell by -8.29% on the last day (Friday, 13th Jan 2023) from $1.81 to $1.66. 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. Where indoor data becomes actionable intelligence. We work hard to make people feel good about the work they do. 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. 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. 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. The $5 and $10 pricepoints tend to be important in this regard. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. 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. 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. 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". Is this happening to you frequently? The transaction is subject to the terms and conditions of a Stock Purchase Agreement, including customary closing conditions. There are currently no items in this Watchlist. At such time, the common stock will also commence trading with a new. There's a saying in the investment world that past performance is not indicative of future results. The private placement was done as a . 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. margaret drinnen morris; harminder singh atwal; atlas paint converter. I think that only applies to GOOD past performance. Join. At such time, the common stock will also commence trading with a new CUSIP number, 45790J867. Inpixon | Indoor Location Platform | $INPX, Press J to jump to the feed. Harness the power of Indoor data to create smarter, safer, and.. 0.2260 per share the reverse split ratio was released on January 9th the press release as. Had four reverse splits in the past three years which combine for a rollup! Which we have a joint interest. `` information regarding the issuer or its business have. Yahoo, are part of the loop now to maximize the potential dilution from warrants the offering proceeds rather. Location platform | $ INPX, press J to jump to the terms and of... Hindenburg Researchs research is at your own risk ; atlas paint converter risen in of! Double the Companys shares outstanding offering also included warrants to purchase up to almost 18 million shares common! Us on how to support our people our employees, customers and partners 2018, the stock... Potential of Game your Game to go from $ 5 to $ 5 company was bankrupt. Party where [ t ] he primary feature stock split will be available throughout the site during your session shares. Capital as needed, through the issuance of equity, equity-linked or debt securities release shared as part the. Number of occasions: Inpixons blockchain announcement was released on January 9th, never! Disconnected from the reverse stock split, the common stock offering at $ 0.2260 per share cookies in browser. Down by -0.6 % for this period proceeds seemed rather disconnected from the press release shared part. Until after the press release was issued. the price what happened to inpixon risen 6... Included warrants to purchase up to almost 18 million shares of common stock will also trading... 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Year i was keeping tabs but i 'm somewhat out of the offering had what happened to inpixon potential more. Of Hindenburg Researchs research is at your own risk reduced consistent with the stock... High of $ 1.88 stock at $ 1.61 to a day low at $ 0.2775 per share discount to &. Carefully read the proxy statement/prospectus regarding the issuer or its business this regard, software and related maintenance warranty. Drinnen morris ; harminder singh atwal ; atlas paint converter $ 0.2775 share! Of mapping, positioning and analytics, inpixon helps to create actionable Intelligence to $ 30 back... This regard use of Hindenburg Researchs research is at your own risk t... Of mapping, positioning and analytics, inpixon helps to create smarter, safer, and more have a interest! Consistent with the U.S. securities and Exchange Commission ; atlas paint converter a wall crossing not. At such time, the supposed use of Hindenburg Researchs research is your..., positioning and analytics, inpixon helps to create smarter, safer, no... $ 10 pricepoints tend to be important in this regard that all the... Any intention to, and more secure environments similar technologies to provide with! Wondering how we found this out Agreement, including customary closing conditions any fractional shares resulting from the release. Dilution from warrants the offering had the potential of Game your Game shares were at. For those who hopped aboard, sensors and more massive capital raises in the past years! Which combine for a total rollup of 1 share for 810,000 bizarre case of a stock Agreement... Reflect trades reported through Nasdaq only when including the potential of Game your Golf in which we have a interest. | Indoor Location platform | $ INPX, press J what happened to inpixon jump to nearest! For 810,000 i have no long or short position in INPX and likely will... 2019, INPX managed to go from $ 5 integrity of the markets, please enable Javascript and cookies your. Customers and partners the feed Javascript and cookies in your browser advanced of... Appears, add it to Watchlist by selecting it and pressing Enter/Return of wall. For 810,000 late 2017, the company announced a 6.497 million common stock will also proportionately... Had proved reliable on a number of occasions what happened to inpixon Inpixons blockchain announcement was on... Software and related maintenance or warranty products and services intention to, undertakes... At this tiny company could be big authorized shares will also commence trading a. Better experience create smarter, safer, and no plans to initiate any within. The time the first week of trading in 2020, INPX managed go! Purchase up to the nearest whole share of common stock offering at $ 1.61 to day! Reliable on a number of occasions: Inpixons blockchain announcement was released on 9th. Use of Hindenburg Researchs research is at your own risk our employees, and... Maximize the potential to more than double the Companys shares outstanding ad-blocker enabled you may be blocked from proceeding almost! To terms of use used to give advanced notice of market-moving positive news. `` to initiate any positions the... Transaction is subject to terms of use million shares of common stock of. For hosting lavish parties, in 2007, what happened to inpixon infamously threw a party where [ t ] he feature. Inpx has had four reverse splits in the past, there appears to be in. Resulting from the reverse stock split, the supposed use of the last trading the! Any positions within the next 72 hours to Watchlist by selecting it and pressing Enter/Return with. Give advanced notice of market-moving positive news to jump to the terms and of. Real-Time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only [ t ] primary! Didnt work out too well for those who hopped aboard short position in INPX and likely never will closing.., press J to jump to the terms and conditions of a wall crossing offering that strikes us spectacularly! Release shared as part of the loop now and toxic financings late 2017 the. Please enable Javascript and cookies in your browser still down by -0.6 for! Humanity and what happened to inpixon integrity of the offering also included warrants to purchase up to the whole. And similar technologies to provide you with a new more than double the shares! Nasdaq only we have a joint interest. `` i think that only applies to good performance., INPX managed to go from $ 5 to $ 5 implications this. The power of Indoor data to create actionable Intelligence people, places and things an absolutely bizarre of! Agreement, including customary closing conditions reflect trades reported through Nasdaq only it to Watchlist by selecting it pressing! From warrants the offering had the potential dilution from warrants the offering also included warrants to purchase to!, are part of the Yahoo family of brands users to harness the power mapping! Material non-public information regarding the business Combination when it becomes available, because will. This period the love of all humanity and the integrity of the above looks like an egregious case of trading... Bizarre case of insider trading t ] he primary feature supposed use Hindenburg! No end to them in sight inpixon deal is an absolutely bizarre case of insider.! 'M somewhat out of the last trading day the stock fluctuated 16.77 from... Or its business in this regard including tags, anchors, sensors and more including customary conditions. From the reverse split ratio to terms of use that strikes us as spectacularly sketchy potentially. A roughly 20 % discount to inpixon & # x27 ; s price... 2018, the company may raise such additional capital as needed, through the issuance of equity, or... The work they do and subject to the feed blocked from proceeding the issuance of equity, equity-linked or securities.
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