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. I have no business relationship with any company whose stock is mentioned in this article. 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. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. margaret drinnen morris; harminder singh atwal; atlas paint converter. 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. Our team is at the forefront of everything we do. However, the fact that the issuer is considering a financing may itself constitute material non-public information. First, a wall crossing is not typically used to give advanced notice of market-moving positive news. 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. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. I wrote this article myself, and it expresses my own opinions. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. IPDN Split History The Infrastructure segment offers third party hardware, software and related maintenance or warranty products and services. I have no long or short position in INPX and likely never will. 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. 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. The company shared the press release with multiple investors in advance. 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. Create a list of the investments you want to track. 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. save. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Intraday data delayed at least 15 minutes or per exchange requirements. Therefore, the Company may raise such additional capital as needed, through the issuance of equity, equity-linked or debt securities. Hot. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. It does not matter if it found a pool-sized deposit of pure gold underneath its head office. I am not receiving compensation for it (other than from Seeking Alpha). 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. (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. Subsequent to release of the news the wall crossed investors were permitted to sell off their shares for a massive, short term profit. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. . 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. 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. 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. 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. 4. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. 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. 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. Game's leading product, Game Golf PRO, is one of golfs most powerful & accurate GPS shot tracking systems. The Inpixon Values We Live By Our values are wired into our DNA as a company. Create an account to follow your favorite communities and start taking part in conversations. Inpixon r/ INPX. In 2018, the Company completed a spin-off of its then wholly owned . 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. was the presence of several dozen topless Asian models, with the ticker symbols of the companies Roth underwrote body-painted on. In 2011, Roth hosted a wear-only-white Miami Glam party where bikini-clad hostesses served cotton candy while guests listened to a performance by Pitbull. 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. 4 comments. Inpixon's extensible platforms scale to meet evolving indoor intelligence needs. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. I think that only applies to GOOD past performance. The person receiving an illegal tip has to purchase or sell shares in the open market, and thus cant get a hold of more shares than actually exist at the time, unlike in this instance. The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. 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. 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. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. By late 2017, the company was nearly bankrupt. 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. 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. 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. Often when a proposed investor is brought over the wall it is to review limited data related to a financing. 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. 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. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. Plays Nice with Others Our technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in. Posted by 6 months ago. 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. This news release contains forward-looking statements. It is a potentially worrying sign of things to come. 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. Based on INPX's cash burn and working capital deficiency, the toxic capital raises will continue. During the last trading day the stock fluctuated 16.77% from a day low at $1.61 to a day high of $1.88. 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. Working hard is key but so is taking care of yourself and your community. Inpixon | Indoor Location Platform | $INPX, Press J to jump to the feed. At such time, the common stock will also commence trading with a new. During the height of "blockchain mania" Inpixon issued a press release announcing that it would leverage the blockchain. Anything in the pipeline that looks promising for a long term hold? 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. 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. We work hard to make people feel good about the work they do. Copy and paste multiple symbols separated by spaces. EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commission. The Form S-1 to be filed by CXApp will include the Form S-4 filed by KINS, which will serve as an information statement/prospectus in connection with the spin-off of CXApp. Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. We believe the best work is done when everyone is fully engaged, and. Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. 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. Important Information and Where to Find It. That is a 32-fold increase in the number of common shares in nine months. 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. Long Island Iced Teas shares jumped more than 500% after, A medical devices company, changed its name from Bioptix Inc. to Riot Blockchain (. The screen captures below give you a taste with the word convertible highlighted. We believe the best work is done when everyone is fully engaged, and we prioritize this approach every day. Join. Do we at Hindenburg Investment Research have some deep-state connections that feed us intercepted phone calls? Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. Most companies wait until after they release market-moving positive news in order to complete a capital raise in order to minimize dilution. 2023, Nasdaq, Inc. All Rights Reserved. Photo taken from the Opening Gap Signals tool inside Benzinga Pro. 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. This is not a regulatory issue here. 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. "We anticipate great success in leveraging Rick's experience and relationships to scale Inpixon to the mass market. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Filings suggest that is exactly what happened. For the nine months ended September 30,. 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. Explore all Inpixon supported hardware including tags, anchors, sensors and more. For the love of all humanity and the integrity of the markets, please never buy INPX. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. 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 think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. We have no idea how this all ends up but it will likely be interesting to watch. 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. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The price and volume predictably surged on the news. 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. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 share for 810,000. 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. 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 Subscriber Agreement & Terms of Use | I have no business relationship with any company whose stock is mentioned in this article. Even with the massive capital raises in the past, there appears to be no end to them in sight. Data provided by Edgar Online. The "Close/Last" is the adjust consolidated close price. Historical and current end-of-day data provided by FACTSET. The price has risen in 6 of the last 10 days but is still down by -0.6% for this period. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. Has INPX's growth prospects increased by 810,000 times in three years to offset the reverse splits? 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. All rights reserved. I have no business relationship with any company whose stock is mentioned in this article. For example, a tippee might receive the general details of a merger scribbled in code on a piece of paper. The filing included multiple exhibits and a 53-page securities purchase agreement. "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. The implication was that the company had a clear and pressing need for capital. All expressions of opinion are subject to change without notice, and Hindenburg Research does not undertake to update or supplement this report or any of the information contained herein. Touch device users, explore by touch or with swipe gestures. Rising. ; The Inpixon 52-week low stock price is 1.58, which . Intraday Data provided by FACTSET and subject to terms of use. The company was founded by Abdus Salam Qureishi in 1972 and is headquartered in Palo Alto, CA. 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. We think the implications of this tiny deal at this tiny company could be big. This communication does not contain all the information that should be considered concerning the Business Combination. 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. What INPX and the vulture financiers are doing is completely legal as long as SEC filings disclose everything in a timely manner. Inpixon is a vibrant, agile tech company providing indoor intelligence solutions for global enterprise leaders. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. The investors bought substantial stakes and then exited their positions into the spike that followed the news release. The stock has dropped about 95% in the ensuing months, eviscerating many who bought into the announcement. Combining the power of mapping, positioning and analytics . 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. 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. We, Yahoo, are part of the Yahoo family of brands. Mr. Clemmer is a co-investor in Game Your Game. Hot New Top. It operates through the Indoor Positioning Analytics and Infrastructure segments. For example, in a typical insider trading scheme (which again, this is not): The ramifications of permitting this, shall we saycreative form of capital raising could be disastrous. Inpixon INPX today had a large opening gap of -63.50%. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. With respect to bad past performance, past results are very much indicative of what will happen in the future for INPX. PALO ALTO, Calif., Mar. You may even be wondering how we found this out. 17 sec. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. There are so many, it can't even be expressed concisely in an article. 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). Accurately pinpoint the location of people or assets inside a building. 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. The purchase order is valued at over one . Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Visit our investor relations portal to be in-the-know on the latest information about our company. Introducing Inpixon! 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. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. 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? The key non-public information in a typical wall crossing transaction may even be the mere fact that an issuer is looking for capital. No. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 . Our values are wired into our DNA as a company. 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).
what happened to inpixon
