INTC Split History [See: 17 C.F.R. It does not matter what this company does. At such time, the common stock will also commence trading with a new. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. This browser is no longer supported at MarketWatch. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . Accurately pinpoint the location of people or assets inside a building. 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. 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. If you have an ad-blocker enabled you may be blocked from proceeding. All quotes are in local exchange time. 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. 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. It does not matter if it found a pool-sized deposit of pure gold underneath its head office. 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. From April 26- October 24, 2022 to make compliance. This communication does not contain all the information that should be considered concerning the Business Combination. . Posted by 6 months ago. Type a symbol or company name. Concurrent with the reverse stock split, the authorized shares will also be proportionately reduced consistent with the reverse split ratio. For the nine months ended September 30,. 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. I wrote this article myself, and it expresses my own opinions. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Have Watchlists? Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. DATA AS OF May 12, 2022. Posted by 8 months ago. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. INUV Split History 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. 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. 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. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 share for 810,000. to get the full dilutive picture. 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. The stock has dropped about 95% in the ensuing months, eviscerating many who bought into the announcement. This communication shall neither constitute an offer to sell nor the solicitation of an offer to buy any securities or the solicitation of any proxy vote, consent or approval in any jurisdiction in connection with the Business Combination, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to any registration or qualification under the securities laws of any such jurisdictions. According to our. Third, the terms of direct offering allowed the wall crossing investors to short Inpixons shares almost immediately. We take pride in our work, collaborate and support each other in day-to-day activities and throughout our community. Combining the power of mapping, positioning and analytics . Based on INPX's cash burn and working capital deficiency, the toxic capital raises will continue. The first split for INPX took place on March 01, 2017. 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. Given the investment horizon of 90 days the next projected press release will be in about 9 days. 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 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. Is this happening to you frequently? Second, Inpixons direct offering has been highly dilutive to public shareholders, potentially more than doubling the shares outstanding when including warrants. 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. Legal The Public Markets May Be In Deep Trouble. back of fridge smells like poo; major deegan expressway closed; houses for rent in memphis, tn. Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. Inpixon is on a mission to do good with indoor data. We are writing this because we saw something we think is pretty ridiculous, and we like to call-out ridiculous things. Combining the power of mapping, positioning and analytics,. The Infrastructure segment offers third party hardware, software and related maintenance or warranty products and services. Reg FD typically exempts disclosures made in connection with securities offerings (because again, there is technically no trade). Photo taken from the Opening Gap Signals tool inside Benzinga Pro. As one commentator stated: Generally, potential investors do not receive any material non-public information regarding the issuer or its business. Create situational awareness with precise indoor positioning and wireless device detection. I have no business relationship with any company whose stock is mentioned in this article. 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. I have no long or short position in INPX and likely never will. 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). I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. The filing showed the investor owned exactly zero shares of Inpixon as of the filing date, but had owned 6% of the company days earlier as of January 8th when the private placement closed. PALO ALTO, Calif., Dec. 20, 2022 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence company, today announced that it has received an order for its real-time location system (RTLS) products from a global provider of transportation and industrial products and services. 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. So someone who held 810,000 shares in February 2017 now has a grand total of 1 share. The company's Indoor Intelligence and mobile app solutions are leveraged by a . The Inpixon Values We Live By Our values are wired into our DNA as a company. Our Indoor Intelligence platform and patented technologies empower users to harness the power of indoor data to create actionable intelligence. 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. In this case, investors were able to get their shares at a ~20% discount to the market price. 10.1 Pg. I am not receiving compensation for it. That didnt work out too well for those who hopped aboard. Create an account to follow your favorite communities and start taking part in conversations. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. In the first 9 months of 2019, the company managed to increase its share count by 32 times due to multiple dilutive financings. News. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. 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. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Paired with a high-performance data analytics engine, patented algorithms, and advanced mapping technology, Inpixons solutions are leveraged by a multitude of industries to do good with indoor data. Important Information and Where to Find It. PALO ALTO, Calif., Mar. Data provided by Edgar Online. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. Photo taken from the Why Is It Moving? Details tool inside Benzinga Pro. We have no idea how this all ends up but it will likely be interesting to watch. For context, a 13G is used to report a partys ownership of stock that is more than 5% of a company. Here Are 36 Stocks Moving In Tuesday's Mid-Day Session. IOT Split History ", "This is an especially exciting time for Inpixon," noted Mr. Clemmer. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. 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. Our values are wired into our DNA as a company. 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. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 . The inference is that the entire stake had been unloaded in the interim. 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. 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 consider this article to be a public service announcement which hopefully (usually new) retail traders will read before being sucked into the liquid and volatile day trading fun this stock provides every so often before giving a kick to the gut of its newly sucked in shareholders. Roth pocketed $334,800 for their role in the deal according to a form D filing. Long Island Iced Teas shares jumped more than 500% after, A medical devices company, changed its name from Bioptix Inc. to Riot Blockchain (. By embracing curiosity and experimentation, we are constantly looking for new ways to innovate how things are done, for ourselves, our customers, and the world. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. Going back to this time last year I was keeping tabs but I'm somewhat out of the loop now. When autocomplete results are available use up and down arrows to review and enter to select. Photo taken from the 'Why Is It Moving?' Details tool inside Benzinga Pro. Rising. Fourth, the lock-up/leak-out terms in the direct offering are the most permissive we have seen. Or it needs to be delisted. Introducing Inpixon! 17 sec. The company's Indoor Intelligence and mobile app solutions are. There are so many, it can't even be expressed concisely in an article. Whether its a small step or a giant leap, we are here for each other to offer support, knowledge and resources, so we can succeed together. Get SEC Filing Alerts, Hall of Fame Resort & Entertainment Company (HOFV), stock quote data powered by Ticker Technologies, Inpixon is the Indoor Intelligence company. I wrote this article myself, and it expresses my own opinions. By late 2017, the company was nearly bankrupt. 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 implication was that the company had a clear and pressing need for capital. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. I am not receiving compensation for it (other than from Seeking Alpha). Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. I'm also eager to maximize the potential of Game Your Golf in which we have a joint interest.". The company shared the press release with multiple investors in advance. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. INVN Split History What would stop companies from bringing favored investors over the wall in advance of any surprise positive news? Inpixon (INPX) has 5 splits in our INPX split history database. 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. Inpixon's extensible platforms scale to meet evolving indoor intelligence needs. "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. We work hard to make people feel good about the work they do. 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. 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. 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. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. Please disable your ad-blocker and refresh. You may even be wondering how we found this out. The person receiving an illegal tip must pay the market price for shares. I have no business relationship with any company whose stock is mentioned in this article. I have no business relationship with any company whose stock is mentioned in this article. 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. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The company was founded by Abdus Salam Qureishi in 1972 and is headquartered in Palo Alto, CA. card. The shares were purchased at a roughly 20% discount to Inpixon's market price at the time. For additional details, please reference the Companys current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. Operating cash outflow of $9 million for the first nine months of 2019; $13.3 million in net cash raised in these toxic financings. Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. The filing included multiple exhibits and a 53-page securities purchase agreement. Media relations and general inquiries: Inpixon Email: [email . Please see Inpixon Basic Forecasting Models to cross-verify your projections. IPDN Split History That being said, the language is rather squishy and seemingly based on the myriad potential facts and circumstances in each unique example. Reg FD was designed to prohibit the selective disclosure of material non-public information. 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. Benzinga does not provide investment advice. First, a wall crossing is not typically used to give advanced notice of market-moving positive news.
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