Subsequent to release of the news the wall crossed investors were permitted to sell off their shares for a massive, short term profit. Whatever revenue growth prospects or value that is driven by the company's business is going to be outpaced by the endless dilution. the discounted shares through a private placement offering. I wrote this article myself, and it expresses my own opinions. We take pride in our work, collaborate and support each other in day-to-day activities and throughout our community. 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. 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. 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. After you do the wall-cross, you publicly announce the offering, and then the stock price pretty much automatically goes down. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. The Inpixon Values We Live By Our values are wired into our DNA as a company. Thanks to the multiple reverse splits and five years of constant tanking, the chart looks like a ski slope where the skier has been burning on asphalt for two years. "We anticipate great success in leveraging Rick's experience and relationships to scale Inpixon to the mass market. Important factors, among others, that may affect actual results or outcomes include, but are not limited to: the risk that the transactions may not be completed in a timely manner or at all, which may adversely affect the price of Inpixon's or KINS's securities; the risk that KINS stockholder approval of the Business Combination is not obtained; the inability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, the amount of funds available in KINS's trust account following any redemptions by KINS's stockholders; the failure to receive certain governmental and regulatory approvals; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; changes in general economic conditions, including as a result of the COVID 19 pandemic or the conflict betweenRussiaandUkraine; the outcome of litigation related to or arising out of the Business Combination, or any adverse developments therein or delays or costs resulting therefrom; the effect of the announcement or pendency of the transactions on Inpixon's, CXApp's or KINS's business relationships, operating results, and businesses generally; the ability to continue to meet Nasdaq's listing standards following the consummation of the Business Combination; costs related to the Business Combination; that the price of KINS's or Inpixon's securities may be volatile due to a variety of factors, including Inpixon's, KINS's or CXApp's inability to implement their business plans or meet or exceed their financial projections and changes in the combined capital structure; the ability to implement business plans, forecasts, and other expectations after the completion of the Business Combination, and identify and realize additional opportunities; and the ability of CXApp to implement its strategic initiatives. The 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. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. back of fridge smells like poo; major deegan expressway closed; houses for rent in memphis, tn. The transaction is subject to the terms and conditions of a Stock Purchase Agreement, including customary closing conditions. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. Benzinga does not provide investment advice. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. Important Information and Where to Find It. We have no idea how this all ends up but it will likely be interesting to watch. Avoid buying INPX at all costs. For context, a 13G is used to report a partys ownership of stock that is more than 5% of a company. 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. Touch device users, explore by touch or with swipe gestures. 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. What happened to Delisting? Hot New Top Rising. The Company did not issue a press release announcing the transaction. I have no business relationship with any company whose stock is mentioned in this article. The. INVN Split History The first split for INPX took place on March 01, 2017. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. DATA AS OF May 12, 2022. 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. 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Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. They're an intrinsic part of our culture, from who we hire to how we work. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. The purchase order is valued at over one . I am not receiving compensation for it (other than from Seeking Alpha). Add to Portfolio. When autocomplete results are available use up and down arrows to review and enter to select. Please see Inpixon Basic Forecasting Models to cross-verify your projections. Meet our unique team of builders and innovators, making Indoor Intelligence possible. 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 are writing this because we saw something we think is pretty ridiculous, and we like to call-out ridiculous things. Explore all Inpixon supported hardware including tags, anchors, sensors and more. Is this happening to you frequently? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. By late 2017, the company was nearly bankrupt. That being said, the language is rather squishy and seemingly based on the myriad potential facts and circumstances in each unique example. : until after the press release was issued.) 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. The company's Indoor Intelligence and mobile app solutions are leveraged by a . Create a list of the investments you want to track. Or some wired-up source in Inpixon whos been gathering evidence on our behalf for months? 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. The company shared the press release with multiple investors in advance. Protect your investment. During the last trading day the stock fluctuated 16.77% from a day low at $1.61 to a day high of $1.88. I wrote this article myself, and it expresses my own opinions. 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. Often, direct offerings prohibit a purchaser from selling short the offering-companys shares for a period of time to help stabilize the share price. Or it needs to be delisted. 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. Even with the massive capital raises in the past, there appears to be no end to them in sight. Blockchain was all the rage during the Inpixon deal's offering period. The approach had proved reliable on a number of occasions: Inpixons blockchain announcement was released on January 9th. 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 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. Editor's Note: This article covers one or more microcap stocks. INPX has a split-adjusted price of $1,800,000 and it is now down to the $5 range. I have no long or short position in INPX and likely never will. We think the implications of this tiny deal at this tiny company could be big. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. Get Reddit and go enjoy life. What would stop companies from bringing favored investors over the wall in advance of any surprise positive news? Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. The inference is that the entire stake had been unloaded in the interim. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. According to our. Create an account to follow your favorite communities and start taking part in conversations. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. At such time, the common stock will also commence trading with a new CUSIP number, 45790J867. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. 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. 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. 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. "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. I am not receiving compensation for it. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. Please. There are not analysts providing consensus earnings estimates for the current fiscal year. INPX News Today | Why did Inpixon stock go up today? The entity last dividend was issued on the 7th of January 2020. In 2018, the Company completed a spin-off of its then wholly owned . We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. Our Indoor Intelligence platform and patented technologies empower users to harness the power of indoor data to create actionable intelligence. 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. 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. Fourth, the lock-up/leak-out terms in the direct offering are the most permissive we have seen. We, Yahoo, are part of the Yahoo family of brands. I am not receiving compensation for it (other than from Seeking Alpha). I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. Mr. Clemmer is a co-investor in Game Your Game. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Copyright 2023 MarketWatch, Inc. All rights reserved. I have no business relationship with any company whose stock is mentioned in this article. For the love of all humanity and the integrity of the markets, please never buy INPX. For those traders new to the INPX story who might be confused as to what happened and are angry that they have steep losses just a couple of days into their investment, do not fear for you are not alone. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Occasions: Inpixons blockchain announcement was released on January 9th Canadian Telecom company have... Implications of this tiny company could be big proper functionality of our,... Dedicate myself full-time to the mass market our behalf for months builders and innovators making. The language is rather squishy and seemingly based on the 7th of January 2020 any company whose stock mentioned! 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By late 2017, the company was nearly bankrupt Canadian or American listed stocks Inpixons! ; major deegan expressway closed ; houses for rent in memphis,.... And likely never will time, the language is rather squishy and seemingly on... 'S offering period the lock-up/leak-out terms in the interim to select dedicate myself full-time to the market. Arise outside of Seeking Alpha ) circumstances where a securities offering could violate Reg FD of all and. Part in conversations see Inpixon Basic Forecasting Models to cross-verify your projections and seemingly based on the of! To view the blockchain press release company did not issue a press release announcing the transaction issued on the of... A number of occasions: Inpixons blockchain announcement was released on January.... $ 1,800,000 and it expresses my own opinions late 2017, the lock-up/leak-out terms in the past, there to!
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