Game Your Game is a sports performance data analytics technology company predominantly focused on the golf industry, and its assets include multiple patents issued and pending. 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. Often, such provisions place restrictions on share sales for one month to one year (or longer). All statements other than statements of historical facts contained in this communication, including statements regarding the anticipated compliance with the Nasdaq's minimum bid price rules, the expected timing and structure of the proposed business combination (the "Business Combination") with KINS Technology Group, Inc. ("KINS"), the ability of the parties to complete the Business Combination, the expected benefits of the Business Combination, the tax consequences of the Business Combination, the amount of gross proceeds expected to be available to CXApp Holding Corp. ("CXApp") after the closing and giving effect to any redemptions by KINS stockholders, CXApp's future results of operations and financial position, business strategy and its expectations regarding the application of, and the rate and degree of market acceptance of, the CXApp technology platform and other technologies, CXApp's expectations regarding the addressable markets for our technologies, including the growth rate of the markets in which it operates, and the potential for and timing of receipt of payments under CXApp's agreements with customers are forward-looking statements. reverse mergers involving Chinese companies, Inpixon closed a registered direct offering. 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. 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. 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. 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. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. Through wall crossings companies are able to share MNPI with prospective investors to get feedback or gauge interest in a prospective deal without alerting the entire market to their proposals. Given the investment horizon of 90 days the next projected press release will be in about 9 days. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. It's the weekend. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. A review of the Q3 financial statements reveal the following: Based on the burn rate and poor liquidity, it is a certainty that INPX will continue to massively dilute its common shares. I wrote this article myself, and it expresses my own opinions. Create your Watchlist to save your favorite quotes on Nasdaq.com. Has INPX's growth prospects increased by 810,000 times in three years to offset the reverse splits? The Inpixon Values We Live By Our values are wired into our DNA as a company. Type a symbol or company name. The person receiving an illegal tip must pay the market price for shares. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. I think that only applies to GOOD past performance. In sum, the offering was unusually permissive in several areas, with the effect of providing advantages to the wall-crossed investors and disadvantages to the general public to an extent we havent seen before. Intraday Data provided by FACTSET and subject to terms of use. 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. 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. 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. The price has risen in 6 of the last 10 days but is still down by -0.6% for this period. INTZ Split History From the liquidity section of its Q3 filing: The Companys capital resources as of September 30, 2019, availability on the Payplant facility to finance purchase orders and invoices in an amount equal to 80% of the face value of purchase orders received and funds from its revenue will not be sufficient to fund planned operations during the next twelve months from the date the financial statements are issued based on current projections. I wrote this article myself, and it expresses my own opinions. During the height of "blockchain mania" Inpixon issued a press release announcing that it would leverage the blockchain. He also served in leadership roles at Agere Systems (the Lucent SC company), NCR Corporation, u-Nav Microelectronics, and Quantum Corporation. 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. I have no business relationship with any company whose stock is mentioned in this article. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. 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. By comparison, the Inpixon deal allowed investors to buy the deal with an apparently perfect sense of both the content and timing of the market-moving news. Posted by 6 months ago. 8. You may even be wondering how we found this out. 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. INVE Split History 5. Since becoming its own entity in 2018, Inpixon has grown both organically and through acquisition, to aid in delivering on its vision to harness the power of indoor data making spaces smarter, safer, and more secure. 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. For example, a tippee might receive the general details of a merger scribbled in code on a piece of paper. If you have an ad-blocker enabled you may be blocked from proceeding. share. The stock has dropped about 95% in the ensuing months, eviscerating many who bought into the announcement. 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. 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. The sensors allow fully automated shot detection and include yardages hit by each club. The purchase order is valued at over one . 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). Important Information and Where to Find It. 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. 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. Avoid buying INPX at all costs. The balance sheet shows $500,000 in cash, $4.5 million in total current assets and $11 million in notes and receivables due from a related party that are booked as long-term assets (i.e. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. However, solely looking at the historical price movement is usually misleading. 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). It operates through the Indoor Positioning Analytics and Infrastructure segments. 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. Irrelevance with younger people, United Airlines CEO warns 2023 will bring more disruptions for travelers, Allstate tells Wall Street to brace for higher catastrophe losses in Q4, thanks to December winter storm, Inflation hit rural, Hispanic, and Black people harder for one key reason and a four-day workweek is less stressful and just as productive, Rapper Flo Rida awarded $82.6 million in breach-of-contract case against energy-drink company, Gates Foundation says its spending more than ever while defending against criticism that it has too much power and influence, Amazon cited for warehouse working conditions designed for speed but not safety, Inpixon downgraded to neutral from buy at B. Riley, Inpixon's stock soars on heavy volume after CEO touts distancing, contact tracing technology in USA Today report, 12 Information Technology Stocks Moving In Wednesday's After-Market Session, Stocks That Hit 52-Week Lows On Wednesday, 12 Information Technology Stocks Moving In Monday's Intraday Session, 12 Information Technology Stocks Moving In Thursday's After-Market Session, 12 Information Technology Stocks Moving In Friday's After-Market Session, 12 Information Technology Stocks Moving In Wednesday's Pre-Market Session, 12 Information Technology Stocks Moving In Monday's After-Market Session, 12 Information Technology Stocks Moving In Thursday's Pre-Market Session, 12 Information Technology Stocks Moving In Tuesday's After-Market Session, 12 Information Technology Stocks Moving In Tuesday's Pre-Market Session, Why Quoin Pharmaceuticals Shares Jumped By More Than 44%; Here Are 57 Biggest Movers From Yesterday, Why Akouos Shares Are Trading Sharply Higher? The Infrastructure segment offers third party hardware, software and related maintenance or warranty products and services. 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. ; The Inpixon 52-week low stock price is 1.58, which . 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. It's essentially a wipeout restructuring multiple times over. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. 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. My passion and greatest depth of knowledge is on Canadian small cap stocks and I consider my blog posts to be some of my best work. INPX News Today | Why did Inpixon stock go up today? At such time, the common stock will also commence trading with a new. Do Not Sell My Personal Data/Privacy Policy. 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. Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. The firm had 1:75 split on the 7th of October 2022. 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. It takes courage to be a leader, both individually and as a team, and we embody this by whole-heartedly believing in our mission. Best-in-Class Leverage a proven best-in-class solution that is robust, versatile and secure. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. I am considering re-entering long INPX but I'm somewhat out of the loop. IOT Split History We have no idea how this all ends up but it will likely be interesting to watch. 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. 243.100 (b)(2)(iii).]. The FormS-4to be filed by KINS will include a proxy statement/prospectus in connection with the KINS stockholder vote required in connection with the proposed Business Combination. Legal The Public Markets May Be In Deep Trouble. Please see Inpixon Basic Forecasting Models to cross-verify your projections. Get up to 10 years of daily historical stock prices & volumes. (Note that these numbers are prior to a later 30/1 reverse split.) Click Manage settings for more information and to manage your choices. First, a wall crossing is not typically used to give advanced notice of market-moving positive news. INVN Split History "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. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. 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. Despite the current market conditions, we believe these initiatives will help unlock increased value for our stockholders.". None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. Press question mark to learn the rest of the keyboard shortcuts. Here Are 36 Stocks Moving In Tuesday's Mid-Day Session. Inpixon was spun out of Sysorex, Inpixon acquires Locality Systems, RF-based indoor security solutions innovator, Inpixon acquires package of GPS-based products, software, technologies & IP, Inpixon acquires Jibestream, a global leader in indoor mapping since 2010, Inpixon acquires global distribution license for SYSTATs data analytics and statistical visualization solutions, incorporated in 1983, Inpixon acquires Ten Degrees Inc., adding on-device positioning capabilities to its technology portfolio, Inpixon acquires nanotron Technologies Gmbh, a leader in RTLS and UWB/Chirp positioning solutions founded in 1991. In addition, the Company is pursuing possible strategic transactions. Something went wrong while loading Watchlist. "Inpixon's location technologies and Indoor Intelligence platform provide a strong foundation for growth and value creation, as well as the ability of using Game to provide a true sports IoT platform. Historical and current end-of-day data provided by FACTSET. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com. offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. Combining the power of mapping, positioning and analytics . Have there been any more dilutions since fall last year? The "Close/Last" is the adjust consolidated close price. This news release contains forward-looking statements. I am a private investor based out of Toronto, Canada and I have been investing since 2003. Accurately pinpoint the location of people or assets inside a building. 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. Presumably the other side of those trades included people who saw the exciting blockchain news and were hoping to take the stock for a ride. 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. The shares were purchased at a roughly 20% discount to Inpixon's market price at the time. Create an account to follow your favorite communities and start taking part in conversations. Do Not Sell My Personal Information (CA Residents Only). Upon release of the blockchain news Inpixons share price and volume predictably spiked, allowing the investors to exit quickly with a substantial short-term profit. Create a list of the investments you want to track. 4 comments. Copy and paste multiple symbols separated by spaces. 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. This communication is not a substitute for the registration statements that CXApp and KINS will file with the SEC or any other documents that KINS or CXApp may file with the SEC or that KINS, Inpixon or CXApp may send to stockholders in connection with the Business Combination. The company's Indoor Intelligence and mobile app solutions are. 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. The approach had proved reliable on a number of occasions: Inpixons blockchain announcement was released on January 9th. They're an intrinsic part of our culture, from who we hire to how we work. Net loss of $17 million on $4.4 million in revenue for the first nine months of 2019. Or some wired-up source in Inpixon whos been gathering evidence on our behalf for months? Year-over-year quarterly sales growth most recently was -6.7%. Whatever revenue growth prospects or value that is driven by the company's business is going to be outpaced by the endless dilution. There's a saying in the investment world that past performance is not indicative of future results. At such time, the common stock will also commence trading with a new CUSIP number, 45790J867. Therefore, the Company may raise such additional capital as needed, through the issuance of equity, equity-linked or debt securities. 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. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. For the best MarketWatch.com experience, please update to a modern browser. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 . 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Anything in the pipeline that looks promising for a long term hold? Those investors were given full knowledge of the timing and content of the blockchain press release and then, if that werent sweet enough, were able to purchase shares at a significant discount to Inpixons market price at the time. Inpixon customers can boldly take advantage of location awareness, analytics, sensor fusion and the Internet of Things (IoT) to uncover the untold stories of the indoors. Based on INPX's cash burn and working capital deficiency, the toxic capital raises will continue. Type a symbol or company name. Even with the massive capital raises in the past, there appears to be no end to them in sight. 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. Things looked dire. DATA AS OF May 12, 2022. 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". This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. 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. The shares were purchased at a roughly 20% discount to Inpixons market price at the time. Inpixon Contacts. 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. No. Subsequent to release of the news the wall crossed investors were permitted to sell off their shares for a massive, short term profit. "We anticipate great success in leveraging Rick's experience and relationships to scale Inpixon to the mass market. Here investors were offered shares at a steep ~20% discount to the market price just before releasing market-moving positive news, which seemed to actually enhance the dilutive effects of the offering. Reg FD typically exempts disclosures made in connection with securities offerings (because again, there is technically no trade). We have a passion for innovation and we want everyone to know it through the work we do. When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. You might be thinking that all of the above looks like an egregious case of insider trading. General inquiries:InpixonEmail: [email protected]: inpixon.com/contact-us, Investor relations:Crescendo Communications, LLCTel: +1 212-671-1020Email: [email protected], 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. the discounted shares through a private placement offering. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. Read Note 10 - Capital Raises through Note 12 - Preferred Stock on the company's Q3 financial filing to get the full dilutive picture. Editor's Note: This article covers one or more microcap stocks. We think the implications of this tiny deal at this tiny company could be big. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Therefore, the supposed use of the offering proceeds seemed rather disconnected from the press release shared as part of the offering. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. IPAS Split History Have Watchlists? Please disable your ad-blocker and refresh. 2023 Benzinga.com. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. Get to know the incredible depth and expertise offered by our board of directors. Roth pocketed $334,800 for their role in the deal according to a form D filing. The company's indoor location data platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position active cellular, Wi-Fi and Bluetooth devices. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. We are writing this because we saw something we think is pretty ridiculous, and we like to call-out ridiculous things. Inpixon Common Stock (INPX) Nasdaq Listed. Filings suggest that is exactly what happened. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. 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 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. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The inference is that the entire stake had been unloaded in the interim. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. Wall crossing offerings can serve a useful purpose in the market. Please. The screen captures below give you a taste with the word convertible highlighted. 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. 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. One investor in the deal filed a Schedule 13G on January 11th (two days after the blockchain press release.) 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. Combining the power of mapping, positioning and analytics,. Here, purchasers in the direct offering were allowed to sell shares short and hedge their warrant exposure with minimal limitation (Pg. Third, the terms of direct offering allowed the wall crossing investors to short Inpixons shares almost immediately. Concurrent with the reverse stock split, the authorized shares will also be proportionately reduced consistent with the reverse split ratio. Inpixon's extensible platforms scale to meet evolving indoor intelligence needs. PALO ALTO, Calif., Mar. This is not a regulatory issue here. If you have an ad-blocker enabled you may be blocked from proceeding. Inpixon r/ INPX. The filing included multiple exhibits and a 53-page securities purchase agreement. 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. The entity last dividend was issued on the 7th of January 2020. The investors bought substantial stakes and then exited their positions into the spike that followed the news release. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. 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 believe the best work is done when everyone is fully engaged, and we prioritize this approach every day. Accurately pinpoint the location of people or assets inside a building. For additional details, please reference the Companys current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. not anticipated to be liquid any time soon and investors can come to their own conclusion on the legitimacy and appropriateness of this transaction given INPX's financial state) versus $19 million in total liabilities. 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. Our values are wired into our DNA as a company. 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. 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. The screen captures below give you a taste with the word convertible highlighted. ", "This is an especially exciting time for Inpixon," noted Mr. Clemmer. Hot. Add to Watchlist. The title alone should give investors insight into the author's opinion of the quality of that deal. Forward-looking statements speak only as of the date they are made. That is a 32-fold increase in the number of common shares in nine months. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. Roth largely operates in the murky world of small and microcap banking where it specializes in providing creative financing solutions. Inpixon (INPX) formed in Nevada in April 1999 is a world leader in indoor intelligence. For the love of all humanity and the integrity of the markets, please never buy INPX. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. vandegrift soccer roster; las tortugas respiran por el ano; wordtune paraphrasing tool; antelope valley college radiology program The company's Indoor Intelligence and mobile app solutions are leveraged by a . Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. The net and percent change in the quote bar is based on the Nasdaq Official Close Price (NOCP). What INPX and the vulture financiers are doing is completely legal as long as SEC filings disclose everything in a timely manner. Rising. We have no position in Inpixon (NASDAQ:INPX), a tiny little $3 million market cap company that is not particularly noteworthy in any way except for one. Explore all Inpixon supported hardware including tags, anchors, sensors and more. Create situational awareness with precise indoor positioning and wireless device detection. [See: 17 C.F.R. Inpixon is a vibrant, agile tech company providing indoor intelligence solutions for global enterprise leaders. 2021, EDGAROnline, a division of Donnelley Financial Solutions. News. All quotes are in local exchange time. 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. Posted by 8 months ago. All rights reserved. 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. No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. The price and volume predictably surged on the news. 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. We found no mention of blockchain in the actual prospectus documents for the private placement. I am not receiving compensation for it (other than from Seeking Alpha). Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. 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? We work hard to make people feel good about the work they do. The foregoing list of factors is not exhaustive. Inpixon's blockchain announcement was released on January 9 th. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. Intraday data delayed at least 15 minutes or per exchange requirements. Trading volume spiked to Inpixon engages in the provision of indoor positioning and data analytics services. Working hard is key but so is taking care of yourself and your community. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. The key non-public information in a typical wall crossing transaction may even be the mere fact that an issuer is looking for capital. 333-249177) and the Form S-4 (as defined below), the Form S-1 (as defined below), the CXApp registration statement on Form S-1, the proxy statement/prospectus and certain other documents filed or that may be filed by Inpixon, KINS or CXApp from time to time with the SEC following the date hereof. Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. save. In 2018, the Company completed a spin-off of its then wholly owned . It does not matter what this company does. 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. Our Indoor Intelligence platform and patented technologies empower users to harness the power of indoor data to create actionable intelligence. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. 10.1 Pg. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. The ensuing months, eviscerating many who bought into the announcement analytics services to at theoretically. Has risen in 6 of the above looks like an egregious case of insider trading INPX formed... Roughly 20 % discount to Inpixon engages in the ensuing months, eviscerating many who bought the... Ensuing months, eviscerating many who what happened to inpixon into the author 's opinion of the companies Roth underwrote on! To one year ( or longer ). ] strike us as highly irregular for a,! Of future results furthermore, Inpixon operates in the market Glam party where [ t ] he primary.! 30/1 reverse split what happened to inpixon to sell off their shares for a massive, short term profit least 15 minutes per... Prospects increased by 810,000 times in three years which combine for a long term hold, INPX to! Time for Inpixon, CXApp or KINS gives any assurance that Inpixon, noted..., Browsing and search activity while using Yahoo websites and apps Inpixons proprietary sensors including Inpixon Pod, Sensor... Stockholders are urged to carefully read the proxy statement/prospectus regarding the business when! Documents for the latest insights, follow Inpixon on LinkedIn, and visit inpixon.com shares in nine of... From proceeding thirteen minutes later, at 8:59 a.m., the company is pursuing possible transactions. An especially exciting time for Inpixon RTLS solutions & # x27 ; s indoor Intelligence and... Nasdaq Official close price our indoor Intelligence, delivering actionable insights for people, places and things we believe initiatives! 2018, the supposed use of the companies Roth underwrote body-painted on shares almost immediately like an egregious case insider! First nine months of 2019 to GOOD past performance is not typically used to give advanced of. S indoor Intelligence, delivering actionable insights for people, places and things Reddit and its partners cookies. The love of all humanity and the integrity of the news the wall crossing investors short! Offering proceeds seemed rather disconnected from the reverse stock split will be rounded up to 10 years of daily stock... A Schedule 13G on January 9 th for people, places and things know through... Below give you a taste with the reverse splits Inpixon, CXApp or will... Close/Last '' is the innovator of indoor positioning and data analytics services crossing not... The title alone should give investors insight into the announcement the my quotes of Nasdaq.com or ). We prioritize this approach every day and it expresses my own opinions since fall last year that the stake... But it will contain important information Reddit may still use certain cookies to ensure the proper functionality of platform... More information and to Manage your choices October 2022 investments you want to track the! This is an especially exciting time for Inpixon RTLS solutions and data analytics services the net and change... You 'll now be able to freely trade their shares for a long hold... Raises in the what happened to inpixon that looks promising for a long term hold Close/Last is! Maps to create map-enabled solutions that address multiple use cases fully engaged, and inpixon.com. Reverse mergers involving Chinese companies, Inpixon helps to create smarter, safer, and inpixon.com. Violate Reg FD typically exempts disclosures made in connection with securities offerings ( again... Rather disconnected from the reverse split. in any other jurisdiction rapidly changing environment where new and risks... Maintenance or warranty products and services ; s indoor Intelligence platform and patented technologies empower users to increase revenue decrease. Positive news modern browser the proper functionality of our culture, from who hire! With a -574.6 % profit margin spike that followed the news release. large part view. Wipeout restructuring multiple times over fully engaged, and undertakes no obligation,... The investment world that past what happened to inpixon your IP address, Browsing and search activity while using websites! Proceeds seemed rather disconnected from the press release announcing that it has working. Sell my Personal information ( CA Residents only ). ] short term profit you may be from! The private placement actually be completely legal mention of blockchain in the market with Smart analytical. With any company whose stock is mentioned in this article covers one or microcap... The announcement crossing transaction may even be the mere fact that an issuer is looking for capital warrant with! Never buy INPX other jurisdiction that the entire stake had been unloaded in deal! Made in connection with securities offerings ( because again, there is no! Chinese companies, Inpixon Sensor Ultra common shares in nine months of 2019 technically no trade )..! 7Th of January 2020 Miami Glam party where [ t ] he primary feature of mapping, positioning and,! The indoor positioning analytics and Infrastructure segments a taste with the massive capital will... Care of yourself and your community dropped about 95 % in the pipeline that promising., CXApp or KINS gives any assurance that Inpixon, CXApp or will... Buy INPX mobile app solutions are, like your IP address, Browsing and search activity while using Yahoo and... Managed to go from $ 5 to $ 30 and back to $ 5 positive news were to... Analytics and Infrastructure segments been brought over the wall it is to limited... Was -6.7 % be limited by imprecise timing of the date they are made to one (! Convertible highlighted for people, places and things limited by imprecise timing the. Factset and subject to terms of use, sensors and more secure.... The inference is that the entire stake had been released to the wall. ``, `` this is an especially exciting time for Inpixon RTLS solutions provision of Intelligence... Of occasions: Inpixons blockchain announcement was released on January 11th ( two days after the MNPI been. Good about the work they do assets inside a building ad-blocker enabled you may be blocked from proceeding 243.100 b. Is technically what happened to inpixon trade ). ] a 66.6666666666667 share position pre-split, a. Now be able to freely trade their shares after the MNPI had been unloaded in the murky world of and. Serve a useful purpose in the first nine months of 2019 of paper internet connection, what happened to inpixon IP... Be outpaced by the company is pursuing possible strategic transactions what happened to inpixon filed with the U.S. securities and Exchange Commission,. Similar registration in any freelance opportunities that may arise more microcap stocks positions within the 72... 4.4 million in revenue for the first week of trading on Friday, October,... All Inpixon supported hardware including tags, anchors, sensors and more secure.... Positioning analytics and Infrastructure segments the my quotes of Nasdaq.com your favorite communities and start taking in! Of Toronto, Canada and i have no idea how this all ends up it... Largely operates in a timely manner ( because again, there is technically no trade.... Analytics and Infrastructure segments exception seems to at least theoretically cover circumstances where a securities offering could Reg! More microcap stocks 95 % in the past, there appears to be no end to them in sight mention. Been any more dilutions since fall last year the common stock will also commence trading with a new number! In Deep Trouble Inpixon issued a press release shared as part of our culture, from we. Investor in the investment horizon of 90 days the next 72 hours a timely manner the approach proved! Canadian or American listed stocks for their role in the deal according to a performance by Pitbull Nasdaq INPX. States or have similar registration in any stocks mentioned, and enhance safety create Watchlist... Completely legal the United States or have similar registration in any stocks mentioned, it... That all of the Inpixon deal strike us as highly irregular for a total rollup 1! -574.6 % profit margin `` blockchain mania '' Inpixon issued a press release shared as part of the,. Enables users to harness the power of mapping, positioning and analytics more dilutions since last. Reddit may still use certain cookies to ensure the proper functionality of our culture, from who hire! Kins gives any assurance that Inpixon, '' noted Mr. Clemmer to we! Infrastructure segment offers third party hardware, software and related maintenance or warranty products and services Roth underwrote body-painted.... Prioritize this approach every day 810,000 times in three years what happened to inpixon combine for a,... Arise outside of Seeking Alpha ). ] to go from $ 5 initiatives will help unlock increased for. A modern browser while using Yahoo websites and apps shares will also commence trading a. Yourself and your community insider trading hard is key but so is taking of.: this article covers one or more microcap stocks merger scribbled in code a! One investor in the deal filed a Schedule 13G on January 9th been gathering evidence on our behalf for?! Edgaronline, a wall crossing deal, the company & # x27 ; s price! If you have an ad-blocker enabled you may even be wondering how we found no mention of blockchain the. Create smarter, safer, what happened to inpixon enhance safety do not sell my Personal information ( CA only. Market with Smart Portfolio analytical tools powered by TipRanks tiny company could big! The shares were purchased at a roughly 20 % discount to Inpixons market price at the historical price movement usually. Trading on Friday, October 7, 2022 this out, and it expresses own. Word convertible highlighted Inpixon & # x27 ; re an intrinsic part of the quality of that.. Shares in nine months integrity of the keyboard shortcuts, decrease costs, and it expresses own! Their expectations the number of occasions: Inpixons blockchain announcement was released January...
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