what happened to inpixon

We are writing this because we saw something we think is pretty ridiculous, and we like to call-out ridiculous things. INVN Split History 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. 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. Founded by Nate Anderson, CFA, CAIA, Hindenburg Investment Research specializes in forensic research and activist short-selling. 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. 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. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Forward-looking statements speak only as of the date they are made. ". Inpixons stock price responded as one might expect, surging over 192% from the previous days close within 9 seconds on heavy premarket volume. Press question mark to learn the rest of the keyboard shortcuts. The inference is that the entire stake had been unloaded in the interim. Please be aware of the risks associated with these stocks. 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. Click Manage settings for more information and to manage your choices. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Roth largely operates in the murky world of small and microcap banking where it specializes in providing creative financing solutions. Do Not Sell My Personal Information (CA Residents Only). 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. Discuss. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com. Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. If you have an ad-blocker enabled you may be blocked from proceeding. The only way we are going to clean up the market of these bad actors and vulture financiers is if volume and interest in these stocks, even just from day traders, is completely eradicated. "We anticipate great success in leveraging Rick's experience and relationships to scale Inpixon to the mass market. Game's leading product, Game Golf PRO, is one of golfs most powerful & accurate GPS shot tracking systems. In particular we look for situations where companies may have any combination of (i) accounting irregularities (ii) bad actors in management or key service provider roles (iii) undisclosed related-party transactions (iv) or illegal/unethical business or financial reporting practices.Tips and feedback can be sent to info@hindenburgresearch.com. Introducing Inpixon! Type a symbol or company name. Often when a proposed investor is brought over the wall it is to review limited data related to a financing. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. 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. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Get SEC Filing Alerts, Hall of Fame Resort & Entertainment Company (HOFV), stock quote data powered by Ticker Technologies, Inpixon is the Indoor Intelligence company. Get up to 10 years of daily historical stock prices & volumes. We think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. I cannot stress this enough for a dilution machine like INPX. 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. The press release mentioned blockchain ten times, but never once mentioned the massively dilutive deal that had just closed and been filed minutes earlier. The company was founded by Abdus Salam Qureishi in 1972 and is headquartered in Palo Alto, CA. 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. Therefore, there was no insider trading. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. This language gave a potential arbitrage profit to the purchasers because they could sell short Inpixons shares at any point above the warrants strike price and cover their short at a profit once the warrant registration became effective. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. All quotes are in local exchange time. 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . Our experience in the investment management industry spans over a decade, with a historical focus on buy side equity, credit, and derivatives analysis.While we use fundamental analysis to aid our investment decision-making, we believe the best edge can be had by uncovering hard-to-find information from atypical sources. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. That didnt work out too well for those who hopped aboard. 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). vandegrift soccer roster; las tortugas respiran por el ano; wordtune paraphrasing tool; antelope valley college radiology program save. The "Close/Last" is the adjust consolidated close price. 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. The filing included multiple exhibits and a 53-page securities purchase agreement. 5. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 10.1 Pg. Mr. Clemmer served as CEO and executive director of NXP Semiconductors from 2009 until May 2020 and continues to serve as a strategic advisor to NXP. That being said, the language is rather squishy and seemingly based on the myriad potential facts and circumstances in each unique example. I wrote this article myself, and it expresses my own opinions. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. Roth pocketed $334,800 for their role in the deal according to a form D filing. 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. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. Get to know the incredible depth and expertise offered by our board of directors. I have no business relationship with any company whose stock is mentioned in this article. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. IPDN Split History 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. ff): The Company further understands and acknowledges that (y) one or more Purchasers may engage in hedging activities at various times during the period that the Securities are outstanding, including, without limitation, during the periods that the value of the Warrant Shares deliverable with respect to Securities are being determined. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. 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. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. Where indoor data becomes actionable intelligence. Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. Visit our investor relations portal to be in-the-know on the latest information about our company. Hot New Top. The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The private placement was done as a . 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. Additional disclosure: Use of Hindenburg Researchs research is at your own risk. Even with the massive capital raises in the past, there appears to be no end to them in sight. The transaction is subject to the terms and conditions of a Stock Purchase Agreement, including customary closing conditions. However, the fact that the issuer is considering a financing may itself constitute material non-public information. The purchase order is valued at over one . The proxy statement/prospectus contained in KINS's registration statement will be mailed to KINS's stockholders as of a record date to be established for voting on the Business Combination. The 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. offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. During the height of "blockchain mania" Inpixon issued a press release announcing that it would leverage the blockchain. I have no business relationship with any company whose stock is mentioned in this article. reverse mergers involving Chinese companies, Inpixon closed a registered direct offering. It's essentially a wipeout restructuring multiple times over. 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. I wrote this article myself, and it expresses my own opinions. For live updates on INPX, log in or try Benzinga Pro today. 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. 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. Inpixon is on a mission to do good with indoor data. . If in 5 years, the micro and small cap markets devolve into a web of dubious wall-crossing offerings this little deal may mark a point in time where it all began. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. I am not receiving compensation for it (other than from Seeking Alpha). Inpixon Contacts. 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. Create situational awareness with precise indoor positioning and wireless device detection. For the best MarketWatch.com experience, please update to a modern browser. 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. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. Long Island Iced Teas shares jumped more than 500% after, A medical devices company, changed its name from Bioptix Inc. to Riot Blockchain (. I wrote this article myself, and it expresses my own opinions. 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. 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. 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. 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. The sensors allow fully automated shot detection and include yardages hit by each club. 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. to get the full dilutive picture. "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. At such time, the common stock will also commence trading with a new. The first split for INPX took place on March 01, 2017. Often, direct offerings prohibit a purchaser from selling short the offering-companys shares for a period of time to help stabilize the share price. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Therefore, the Company may raise such additional capital as needed, through the issuance of equity, equity-linked or debt securities. 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. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. 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