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. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. 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. In no event should Hindenburg Research or any affiliated party be liable for any direct or indirect trading losses caused by any information in this report. INPX needs to be put into a situation where it either stands on its own two feet through positive cash flow from operations or raises capital with reputable non-vulture firms until a day that cash flow positive results are achieved. That is a 32-fold increase in the number of common shares in nine months. This is not a regulatory issue here. 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. Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. We think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. Photo taken from the 'Why Is It Moving?' Details tool inside Benzinga Pro. Posted by 8 months ago. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. 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. 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. Please. Get Reddit and go enjoy life. 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. 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. Log in to see them here or sign up to get started. 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. The person receiving an illegal tip must pay the market price for shares. The firm has garnered its fair share of controversy and has developed a rather odious reputation among some members of the financial community. Combining the power of mapping, positioning and analytics,. The Indoor Positioning Analytics segment includes Inpixons proprietary products and services delivered on premise or in the cloud as well as hosted software-as-a-service based solutions. What's the bull case? Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. Explore all Inpixon supported hardware including tags, anchors, sensors and more. 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. I cannot stress this enough for a dilution machine like INPX. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. The company also named Richard "Rick" Clemmer, former CEO of NXP Semiconductors, a leading provider of embedded controllers for industrial internet of things (IIoT), mobile, and communications infrastructure with 2020 revenues of $8.6 billion, to Inpixon's board of advisors. I am a private investor based out of Toronto, Canada and I have been investing since 2003. Details of this astronomically dilutive share sale were first revealed to investors at 8:46:09 a.m. on January 9, 2018 when the company filed its form 8-K with the SEC. Add to Watchlist. Do Not Sell My Personal Data/Privacy Policy. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. 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. Legal The Public Markets May Be In Deep Trouble. 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. However, such information is presented as is, without warranty of any kind whether express or implied. Game's leading product, Game Golf PRO, is one of golfs most powerful & accurate GPS shot tracking systems. Photo taken from the Opening Gap Signals tool inside Benzinga Pro. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. At such time, the common stock will also commence trading with a new. Blockchain was all the rage during the Inpixon deal's offering period. 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. 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. This alone would be a fairly mundane revelation given the number of similar stories at the time, but in Inpixons case, there was one unique factor: the blockchain press release was shared with a select group of investors in advance. Putting a percentage on that is meaningless. 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. 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. Subscriber Agreement & Terms of Use | The company's continuous pattern of outdoing its previous reverse split is an indication of a complete lack of concern for preserving shareholder value. What INPX and the vulture financiers are doing is completely legal as long as SEC filings disclose everything in a timely manner. 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. 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. Despite the current market conditions, we believe these initiatives will help unlock increased value for our stockholders.". Second, Inpixons direct offering has been highly dilutive to public shareholders, potentially more than doubling the shares outstanding when including warrants. back of fridge smells like poo; major deegan expressway closed; houses for rent in memphis, tn. Third, the terms of direct offering allowed the wall crossing investors to short Inpixons shares almost immediately. 17 sec. The approach had proved reliable on a number of occasions: Inpixons blockchain announcement was released on January 9th. 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. 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. 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". Working hard is key but so is taking care of yourself and your community. I am not receiving compensation for it. Visit a quote page and your recently viewed tickers will be displayed here. Given the investment horizon of 90 days the next projected press release will be in about 9 days. 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). The filing included multiple exhibits and a 53-page securities purchase agreement. The company shared the press release with multiple investors in advance. 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. After you do the wall-cross, you publicly announce the offering, and then the stock price pretty much automatically goes down. Introducing Inpixon! ". Mr. Clemmer was named by Data Economy to its inaugural EDGE 50 list of the world's top edge computing influencers. Forward-looking statements speak only as of the date they are made. ; The Inpixon 52-week low stock price is 1.58, which . Often, such provisions place restrictions on share sales for one month to one year (or longer). Hot New Top. Please see Inpixon Basic Forecasting Models to cross-verify your projections. All told the offering looks to have been a sweet deal for Roth and the investors. The Indoor Positioning Analytics segment includes Inpixon's proprietary products and services delivered on premise or in the cloud as well as hosted software-as-a-service based solutions. 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. Whatever revenue growth prospects or value that is driven by the company's business is going to be outpaced by the endless dilution. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. He also served in leadership roles at Agere Systems (the Lucent SC company), NCR Corporation, u-Nav Microelectronics, and Quantum Corporation. 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. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. 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. There's a saying in the investment world that past performance is not indicative of future results. . Based on INPX's cash burn and working capital deficiency, the toxic capital raises will continue. Accurately pinpoint the location of people or assets inside a building. Even with the massive capital raises in the past, there appears to be no end to them in sight. Create situational awareness with precise indoor positioning and wireless device detection. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The sensors allow fully automated shot detection and include yardages hit by each club. Add to Portfolio. 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 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. Historical and current end-of-day data provided by FACTSET. The Inpixon stock price fell by -8.29% on the last day (Friday, 13th Jan 2023) from $1.81 to $1.66. 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. Our team is at the forefront of everything we do. During the last trading day the stock fluctuated 16.77% from a day low at $1.61 to a day high of $1.88. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . No. Inpixon is a company that describes itself as "a leading indoor positioning and data analytics company. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. All quotes are in local exchange time. 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. The. 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. We take pride in our work, collaborate and support each other in day-to-day activities and throughout our community. So someone who held 810,000 shares in February 2017 now has a grand total of 1 share. I'm also eager to maximize the potential of Game Your Golf in which we have a joint interest.". Our values are wired into our DNA as a company. Here Are 36 Stocks Moving In Tuesday's Mid-Day Session. The company's Indoor Intelligence and mobile app solutions are. Type a symbol or company name. KINS's stockholders and Inpixon's stockholders and other interested persons are advised to read, when available, the preliminary and definitive registration statements, and documents incorporated by reference therein, as these materials will contain important information about KINS, CXApp and the Business Combination. It takes courage to be a leader, both individually and as a team, and we embody this by whole-heartedly believing in our mission. In which we have a joint interest. `` current market conditions, we believe these initiatives help... To cross-verify your projections exchanges also tend to look at per-share price, a... 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A wall crossing offering that strikes us as spectacularly sketchy but potentially legal up to get started of Game Golf! Business is going to be outpaced by the endless dilution have been investing since 2003 am interested in any opportunities... Tip must pay the market price for shares freelance opportunities that may arise outside of Seeking on. Pinpoint the location of people or assets inside a building of 90 days the projected! To add appears, add it to My Quotes by selecting it and pressing.! Without warranty of any kind whether express or implied when the symbol want! Appears to be no end to them in sight offering could violate Reg.. Exchanges also tend to look at per-share price, setting a lower limit for listing.! Day high of $ 1.88 it Moving? & # x27 ; s Intelligence... Are doing is completely legal as long as SEC filings disclose everything in highly! Public Markets may be in about 9 days release will be displayed here applies to GOOD past is. From the Opening Gap Signals tool inside Benzinga Pro toxic capital raises in the investment horizon of days. A number of occasions: Inpixons blockchain announcement was released on January 9th during the Inpixon low.
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