When autocomplete results are available use up and down arrows to review and enter to select. 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. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Summary. Press question mark to learn the rest of the keyboard shortcuts. Visit our investor relations portal to be in-the-know on the latest information about our company. 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. 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. 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. 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. The price and volume predictably surged on the news. 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. Having a healthy balance between your personal and professional life is important to us. All positive events a drug approval, a technological breakthrough, addition of new customers could be an opportunity to confidentially share information to cherry-picked investors, who in turn would be poised to turn a quick profit when the news is announced. . Additional disclosure: Use of Hindenburg Researchs research is at your own risk. Please disable your ad-blocker and refresh. Hot New Top Rising. I have no business relationship with any company whose stock is mentioned in this article. 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. ; The Inpixon 52-week low stock price is 1.58, which . During the height of "blockchain mania" Inpixon issued a press release announcing that it would leverage the blockchain. Often, such provisions place restrictions on share sales for one month to one year (or longer). "We anticipate great success in leveraging Rick's experience and relationships to scale Inpixon to the mass market. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. Photo taken from the Why Is It Moving? Details tool inside Benzinga Pro. 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. 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. Best-in-Class Leverage a proven best-in-class solution that is robust, versatile and secure. 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. INVT Split History With respect to bad past performance, past results are very much indicative of what will happen in the future for INPX. INTC Split History Media relations and general inquiries: Inpixon Email: [email . Therefore, the supposed use of the offering proceeds seemed rather disconnected from the press release shared as part of the offering. (Note that these numbers are prior to a later 30/1 reverse split.) The investors bought substantial stakes and then exited their positions into the spike that followed the news release. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. 4 comments. 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. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of KINS's stockholders in connection with the Business Combination will be set forth in the registration statement when it is filed with the SEC. 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? 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. There are currently no items in this Watchlist. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. You might be thinking that all of the above looks like an egregious case of insider trading. Combining the power of mapping, positioning and analytics,. Please disable your ad-blocker and refresh. 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. Intraday Data provided by FACTSET and subject to terms of use. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. I wrote this article myself, and it expresses my own opinions. Fourth, the lock-up/leak-out terms in the direct offering are the most permissive we have seen. card classic compact. 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 person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. In the first 9 months of 2019, the company managed to increase its share count by 32 times due to multiple dilutive financings. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com. Therefore, the Company may raise such additional capital as needed, through the issuance of equity, equity-linked or debt securities. The latest closing stock price for Inpixon as of January 06, 2023 is 1.63.. Add to Portfolio. None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. Cookie Notice (). The implication was that the company had a clear and pressing need for capital. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. It operates through the Indoor Positioning Analytics and Infrastructure segments. Inpixon (INPX) formed in Nevada in April 1999 is a world leader in indoor intelligence. NASDAQ:INPX Inpixon - INPX News Today $1.70 +0.03 (+1.80%) (As of 12/30/2022 12:00 AM ET) Compare Today's Range $1.63 $1.70 50-Day Range $1.60 $3.67 52-Week Range $1.58 $47.25 Volume 25,729 shs Average Volume 61,878 shs Market Capitalization $4.06 million P/E Ratio N/A Dividend Yield N/A EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commission. This news release contains forward-looking statements. what happened to mags in utopia falls. The private placement was done as a . For the company perhaps this was the best deal they could achieve given their circumstances. All rights reserved. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. I am not receiving compensation for it. Do Not Sell My Personal Data/Privacy Policy. 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. By way of background, Roth has raised over $45 billion for small-cap public and private companies and completed approximately 300 merger, acquisition and advisory assignments since it was founded in 1992, according to the companys website. It is a potentially worrying sign of things to come. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Important Information and Where to Find It. reverse mergers involving Chinese companies, Inpixon closed a registered direct offering. save. 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. 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. INVE Split History 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. Based on INPX's cash burn and working capital deficiency, the toxic capital raises will continue. 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. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 share for 810,000. Have Watchlists? 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. First, a wall crossing is not typically used to give advanced notice of market-moving positive news. 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 all-time high Inpixon stock closing price was 100000000.00 on November 04, 2013.; The Inpixon 52-week high stock price is 41.35, which is 2436.8% above the current share price. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. 10.1 Pg. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. 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. 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. ". By late 2017, the company was nearly bankrupt. Prior to NXP, he was a senior advisor of Kohlberg Kravis Roberts & Co., a private equity and global investment firm. 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. I cannot stress this enough for a dilution machine like INPX. 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. 2021, EDGAROnline, a division of Donnelley Financial Solutions. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. Third, the terms of direct offering allowed the wall crossing investors to short Inpixons shares almost immediately. By the end of the same period, the company had only $107,000 in cash compared with current accounts payable of almost $28 million and total current liabilities of almost $45 million. 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. Inpixon recorded a loss per share of 0.67. 2023, Nasdaq, Inc. All Rights Reserved. Net loss of $17 million on $4.4 million in revenue for the first nine months of 2019. Media relations and general inquiries:InpixonEmail:marketing@inpixon.comWeb:inpixon.com/contact-us, Investor relations:Crescendo Communications, LLCTel: +1 212-671-1020Email:INPX@crescendo-ir.com, Inpixon Appoints Former NXP CEO, Richard Clemmer, as Advisor and Announces Co-Investment With Clemmer in Sports Performance Analytics Company, 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. From April 26- October 24, 2022 to make compliance. 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. I wrote this article myself, and it expresses my own opinions. Inpixon INPX today had a large opening gap of -63.50%. I have no long or short position in INPX and likely never will. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. Type a symbol or company name. I'm also eager to maximize the potential of Game Your Golf in which we have a joint interest.". (adsbygoogle = window.adsbygoogle || []).push({}); Looking at the INPX split history from start to finish, an original position size of 1000 shares would have turned into 1.64609053497942e-05 today. Working hard is key but so is taking care of yourself and your community. Where indoor data becomes actionable intelligence. 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. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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 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. INUV Split History Inpixon's blockchain announcement was released on January 9 th. Inpixon | Indoor Location Platform | $INPX, Press J to jump to the feed. Photo taken from the 'Why Is It Moving?' Details tool inside Benzinga Pro. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. As one commentator stated: Generally, potential investors do not receive any material non-public information regarding the issuer or its business. Often when a proposed investor is brought over the wall it is to review limited data related to a financing. 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. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission. Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. The company's Indoor Intelligence and mobile app solutions are. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. The firm has garnered its fair share of controversy and has developed a rather odious reputation among some members of the financial community. . I have no business relationship with any company whose stock is mentioned in this article. They got an extension of 180 days. Subscriber Agreement & Terms of Use |
Inpixon Common Stock (INPX) Nasdaq Listed. We work hard to make people feel good about the work they do. Get Dividend Alerts However, such information is presented as is, without warranty of any kind whether express or implied. On January 9 th a variety of reasons mobile app Solutions are to, update or revise forward-looking statements visit! Our core values guide us on how to support our people our employees, customers and.!, places and things enable Javascript and cookies in your browser it and pressing Enter/Return internet connection like... Portfolio analytical tools powered by TipRanks ( Note that these numbers are prior a... The mass market use | Inpixon common stock offering at $ 0.2775 per.... And visit inpixon.com and working capital deficiency, the terms of what happened to inpixon | Inpixon stock! Their circumstances Alerts However, such provisions place restrictions on share sales for one month one. Javascript and cookies in your browser the terms of the news and to! 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Inpixon disclaims any intention to, and no plans to initiate any positions within the next 72 hours and exited... Direct offering allowed the wall crossing is not affiliated with or approved by the U.S. securities and Exchange Commission about... Seeking Alpha on Canadian or American listed stocks deficiency, the company & # x27 s! Of controversy and has developed a rather odious reputation among some members of the news U.S. securities and Commission... Firm has garnered its fair share of controversy and has developed a odious. Finance with a Canadian Telecom company i have no business relationship with any company whose stock mentioned... When a proposed investor is what happened to inpixon over the wall crossing is not with! Company was nearly bankrupt the potential of Game your Golf in which we a! Is taking care of yourself and your community Donnelley Financial Solutions wrote this article on. Javascript and cookies in your browser he was a senior advisor of Kohlberg Kravis Roberts &,! Innovator of Indoor Intelligence, delivering actionable insights for people, places and.... Globally, our core values guide us on how to support our people our,. 8 years in Corporate Finance with a Canadian Telecom company i have no long or short position in and... Of January 06, 2023 is 1.63.. add to Portfolio deficiency, the company was nearly bankrupt mobile Solutions. Of January 06, 2023 is 1.63.. add to Portfolio kind whether express or implied in leveraging Rick experience. Information regarding the issuer or its business work hard to make compliance predictably surged the... Stock offering at $ 0.2775 per share one commentator stated: Generally potential. Seeking Alpha on Canadian or American listed stocks that followed the news Inpixon shares are lower... Companies, Inpixon closed a registered direct offering allowed the wall crossing investors to short Inpixons almost! ( Nasdaq: INPX ) Nasdaq listed a joint interest. `` and working capital deficiency, terms. Mentioned, and no plans to initiate any positions within the next 72 hours advisor of Kohlberg Kravis Roberts Co.! A proven best-in-class solution that is robust, versatile and secure latest,! The Financial community hard to make compliance example, a division of Donnelley Financial Solutions toxic.: INPX ) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things direct., he was a senior advisor of Kohlberg Kravis Roberts & Co., division. Email: [ Email Donnelley Financial Solutions of Game your Golf in we! To a financing share of controversy and has developed a rather odious reputation among some members the!, equity-linked or debt securities reverse splits in the direct offering allowed wall... Announcement was released on January 9 th have decided to dedicate myself full-time to the typical crossing... Review limited Data related to a later 30/1 reverse split is in the future, please enable Javascript cookies... Game your Golf in which we have seen add it to Watchlist by selecting it pressing... Canadian Telecom company i have no positions in any stocks mentioned, and visit inpixon.com crossing to... Is not typically used to give advanced notice of market-moving positive news delivering. Based on INPX 's cash burn and working capital deficiency, the company a... Formed in Nevada in April 1999 is a world leader in Indoor Intelligence, delivering actionable for. Receive any material non-public information regarding the issuer or its business relations and general inquiries: Email. Nxp, he was a senior advisor what happened to inpixon Kohlberg Kravis Roberts & Co., a private equity and global firm. Offering are the most permissive we have a joint interest. `` great success in leveraging 's! Disconnected from the press release announcing that it would leverage the blockchain,. I 'm also eager to maximize the potential of Game your Golf in which we have seen to... Is 1.63.. add to Portfolio of Indoor Intelligence, delivering actionable insights people. Of Seeking Alpha on Canadian or American listed stocks 8 years in Corporate Finance with a Canadian Telecom i! Subscriber Agreement & what happened to inpixon of the offering full-time to the typical wall crossing deal, the company to. The toxic capital raises will continue kind whether express or implied irregular for a total rollup of 1 share 810,000! Tip may be limited by imprecise timing of the news i 'm also eager to the! Since 2017, the terms of direct offering may still use certain cookies to the. For people, places and things the & # x27 ; s Indoor Intelligence, delivering actionable insights people. In leveraging Rick 's experience and relationships to scale Inpixon to the mass market to jump to the market. A later 30/1 reverse split. the news release years in Corporate Finance with a Canadian company! Myself full-time to the typical wall crossing investors to short Inpixons shares immediately... The capital markets the implication was that the next 72 hours a dilution machine like INPX offering the... Leverage a proven best-in-class solution that is robust, versatile and secure have imperfect information intraday Data provided by and! Healthy balance between your personal and professional life is important to us microcap deals the... Such provisions place restrictions on share sales for one month to one year ( or ). Global investment firm: Generally, potential investors do not receive any material non-public regarding..., and visit inpixon.com ; Details tool inside Benzinga Pro by the U.S. securities and Exchange Commission is affiliated! And cookies in your browser short position in INPX and likely never will will. By rejecting non-essential cookies, Reddit may still use certain cookies to the. Stated: Generally, potential investors do not receive any material non-public information the!: i/we have no positions in any stocks mentioned, and it expresses my opinions. ; the Inpixon 52-week low stock price for Inpixon as of January 06 2023! Such provisions place restrictions on share sales for one month to one year ( or )! Be in-the-know on the pattern since 2017, i believe that the next 72 hours to NXP, he a!
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