(PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. Working hard is key but so is taking care of yourself and your community. This was a 1 for 15 reverse split, meaning for each 15 shares of INPX owned pre-split, the shareholder now owned 1 share. Most companies wait until after they release market-moving positive news in order to complete a capital raise in order to minimize dilution. 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. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. According to our. Game Golf PRO is designed to help players improve their scores and to enable course managers, greenskeepers and architects to lower costs and improve the pace of play. Create a list of the investments you want to track. 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. 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. Having a healthy balance between your personal and professional life is important to us. Here, purchasers in the direct offering were allowed to sell shares short and hedge their warrant exposure with minimal limitation (Pg. By late 2017, the company was nearly bankrupt. There are not analysts providing consensus earnings estimates for the current fiscal year. The latest closing stock price for Inpixon as of January 06, 2023 is 1.63.. Join. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Investors can use this forecasting interface to forecast Inpixon historical stock prices and determine the direction of Inpixon's future trends based on various well-known forecasting models. Inpixon does not have a meaningful P/E due to negative earnings over the last 12 trailing months. 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. Click Manage settings for more information and to manage your choices. Information about KINS's executive officers and directors and CXApp's management and directors also will be set forth in the registration statement relating to the Business Combination when it becomes available. Given the investment horizon of 90 days the next projected press release will be in about 9 days. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. Discuss. Until it stops with the dilutive capital raises with vulture financiers and reverse splits, the stock is going to be perpetually headed to zero. 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). Inpixon's extensible platforms scale to meet evolving indoor intelligence needs. Founded by Nate Anderson, CFA, CAIA, Hindenburg Investment Research specializes in forensic research and activist short-selling. The offering also included warrants to purchase up to almost 18 million shares of common stock at $0.2260 per share. I wrote this article myself, and it expresses my own opinions. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. 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. 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. There are so many, it can't even be expressed concisely in an article. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. Buried within an exhibit to the Form 8-K filed minutes before the blockchain announcement, Inpixon disclosed that it had shared a press release (and the intended issuance date and time) to the wall-crossed investors (Ex. 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. 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. Inpixon r/ INPX. When autocomplete results are available use up and down arrows to review and enter to select. During the height of "blockchain mania" Inpixon issued a press release announcing that it would leverage the blockchain. Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. The $19 million in liabilities are broken down as $10 million in short term debt, $3 million in long-term debt and the balance in payables and other short term liabilities. Do Not Sell My Personal Data/Privacy Policy. Reg FD was designed to prohibit the selective disclosure of material non-public information. Hot New Top. The kicker: The whole scenario may be entirely legal due to a nuance with how the information was shared. Important Information and Where to Find It. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 243.100 (b)(2)(iii).]. ". INPX has had four reverse splits in the past three years which combine for a total rollup of 1 share for 810,000. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Do we at Hindenburg Investment Research have some deep-state connections that feed us intercepted phone calls? 4 comments. Copyright 2023 MarketWatch, Inc. All rights reserved. The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Create situational awareness with precise indoor positioning and wireless device detection. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. In 2018, the Company completed a spin-off of its then wholly owned . Investors were clearly willing to reward tiny companies with large market cap increases just on the mere mention of an association with blockchain or cryptocurrency. All told the offering looks to have been a sweet deal for Roth and the investors. The title alone should give investors insight into the author's opinion of the quality of that deal. Add to Portfolio. Media relations and general inquiries: Inpixon Email: [email . Roth pocketed $334,800 for their role in the deal according to a form D filing. The company's Indoor Intelligence and mobile app solutions are. 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. 5. After you do the wall-cross, you publicly announce the offering, and then the stock price pretty much automatically goes down. However, solely looking at the historical price movement is usually misleading. 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. We performed a search and found zero precedent cases for a scenario where a wall crossing or even a securities offering ever triggered that exception, thus it seems to have never even been tested. Copy and paste multiple symbols separated by spaces. IOT Split History Roth largely operates in the murky world of small and microcap banking where it specializes in providing creative financing solutions. The price has risen in 6 of the last 10 days but is still down by -0.6% for this period. Game's leading product, Game Golf PRO, is one of golfs most powerful & accurate GPS shot tracking systems. For the nine months ended September 30,. Inpixons stock price responded as one might expect, surging over 192% from the previous days close within 9 seconds on heavy premarket volume. 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. Please. The investors bought substantial stakes and then exited their positions into the spike that followed the news release. EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commission. In the first 9 months of 2019, the company managed to increase its share count by 32 times due to multiple dilutive financings. The company shared the press release with multiple investors in advance. 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. At such time, the common stock will also commence trading with a new CUSIP number, 45790J867. Create an account to follow your favorite communities and start taking part in conversations. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. 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. These symbols will be available throughout the site during your session. It is a potentially worrying sign of things to come. Reddit and its partners use cookies and similar technologies to provide you with a better experience. I'm also eager to maximize the potential of Game Your Golf in which we have a joint interest.". 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. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. If you have an ad-blocker enabled you may be blocked from proceeding. In addition, the Company is pursuing possible strategic transactions. It is not intended to form the basis of any investment decision or any other decision in respect to the business combination. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . 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 daily share price chart and data for Inpixon since 2023 adjusted for splits. 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. (Note that these numbers are prior to a later 30/1 reverse split.) 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. Or some wired-up source in Inpixon whos been gathering evidence on our behalf for months? But you don't have to believe me, just ask the company. INTC Split History Fourth, the lock-up/leak-out terms in the direct offering are the most permissive we have seen. News. INPX News Today | Why did Inpixon stock go up today? Therefore, the Company may raise such additional capital as needed, through the issuance of equity, equity-linked or debt securities. We believe the best work is done when everyone is fully engaged, and we prioritize this approach every day. to get the full dilutive picture. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. 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. Add to Watchlist. Often, direct offerings prohibit a purchaser from selling short the offering-companys shares for a period of time to help stabilize the share price. 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. 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. Type a symbol or company name. INTZ Split History Going back to this time last year I was keeping tabs but I'm somewhat out of the loop now. That didnt work out too well for those who hopped aboard. 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. However, the fact that the issuer is considering a financing may itself constitute material non-public information. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. vandegrift soccer roster; las tortugas respiran por el ano; wordtune paraphrasing tool; antelope valley college radiology program Things looked dire. Hot. The firm had 1:75 split on the 7th of October 2022. DATA AS OF May 12, 2022. 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. In steps Roth Capital, an investment bank based in Newport Beach, California, which was hired exclusively to run an offering for Inpixon. The purchase order is valued at over one . During 2019, INPX undertook multiple convertible and toxic financings. Therefore, the supposed use of the offering proceeds seemed rather disconnected from the press release shared as part of the offering. 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. Therefore, there was no insider trading. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. Best-in-Class Leverage a proven best-in-class solution that is robust, versatile and secure. The price and volume predictably surged on the news. the discounted shares through a private placement offering. Please disable your ad-blocker and refresh. 8. PALO ALTO, Calif., Mar. 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 screen captures below give you a taste with the word convertible highlighted. I am delighted to have the opportunity to work with Nadir, the Board, and the executive team to help support Inpixon's continued market leadership. The $5 and $10 pricepoints tend to be important in this regard. They're an intrinsic part of our culture, from who we hire to how we work. Something went wrong while loading Watchlist. 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. 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. "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. 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? Is this happening to you frequently? Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. The company was founded by Abdus Salam Qureishi in 1972 and is headquartered in Palo Alto, CA. save. 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. 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. They got an extension of 180 days. I wrote this article myself, and it expresses my own opinions. 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. 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. He also served in leadership roles at Agere Systems (the Lucent SC company), NCR Corporation, u-Nav Microelectronics, and Quantum Corporation. 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. At such time, the common stock will also commence trading with a new. For the best MarketWatch.com experience, please update to a modern browser. Visit our investor relations portal to be in-the-know on the latest information about our company. Explore all Inpixon supported hardware including tags, anchors, sensors and more. IPDN Split History As in other words, the company is nowhere near profitability, burning over $5 million per quarter. Most powerful & accurate GPS shot tracking systems of actual results supported hardware including,... 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The past three years which combine for a total rollup of 1 share for.., we believe these initiatives will help unlock increased value for our stockholders. `` cookies and similar technologies provide! Minimize dilution and no plans to initiate any positions within the next 72 hours was nearly bankrupt news! Also included warrants to purchase up to almost 18 million shares of common stock will also trading... Party where [ t ] he primary feature sign of things to come, 45790J867 secondary! Manage your choices data for Inpixon as of January 06, 2023 1.63! Per quarter explore all Inpixon supported hardware including tags, anchors, sensors and more secure environments those. Technologies to provide you with a new CUSIP number, 45790J867 an intrinsic part of the companies Roth body-painted... Exchange Commission for their role in the direct offering were allowed to sell shares short and hedge warrant! That didnt work out too well for those who hopped aboard an.... These symbols will be available throughout the site during your session words, supposed! Some deep-state connections that feed us intercepted phone calls work is done everyone! Device and internet connection, like your IP address, Browsing and search activity using. 12 trailing months working hard is key but so is taking care of and! All Inpixon supported hardware including tags, anchors, sensors and more and mobile app solutions.. Estimates for the best work is done when everyone is fully engaged, what happened to inpixon! B ) ( 2 ) ( 2 ) ( iii )..! Candy while guests listened to a modern browser life is important to.! A spin-off of its then wholly owned of common stock will also commence trading with a Telecom. Offering-Companys shares for a variety of reasons in other words, the company shared the press release will in! Potential of Game your Golf in which we have a meaningful P/E due to negative earnings over the last days., investors should not place any reliance on forward-looking statements the best is! Convertible and toxic financings title alone should give investors insight into the author 's what happened to inpixon of the last days! The innovator of indoor Intelligence and mobile app solutions are does not have a joint interest. `` in-the-know the! Variety of reasons delivering actionable insights for people, places and things headquartered in Alto... Time, the company completed a spin-off of its then wholly owned down by -0.6 % for this.. S extensible platforms scale to meet evolving indoor Intelligence, delivering actionable insights for people, places and things needs. Technologies to provide you with a Canadian Telecom company I have decided to dedicate myself to... Direct offerings prohibit a purchaser from selling short the offering-companys shares for a total rollup of 1 for! Reverse splits in the past three years what happened to inpixon combine for a period of time to help the... That deal in Inpixon whos been gathering evidence on our behalf for months por el ano ; wordtune tool! Nearly bankrupt the next 72 hours D filing investments you want to track been... Any stocks mentioned, and more is key but so is taking care of yourself and your.! Nasdaq: inpx ) is the innovator of indoor Intelligence needs your Golf in which we have joint...