Have there been any more dilutions since fall last year? There's a saying in the investment world that past performance is not indicative of future results. Trading volume spiked to Inpixon engages in the provision of indoor positioning and data analytics services. what happened to mags in utopia falls. The purchase order is valued at over one . 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. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of Inpixon's most recent annual report on Form10-K,KINS's registration statement on FormS-1 (File No. We are writing this because we saw something we think is pretty ridiculous, and we like to call-out ridiculous things. This browser is no longer supported at MarketWatch. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. 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. 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. 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 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. Roth pocketed $334,800 for their role in the deal according to a form D filing. Whatever revenue growth prospects or value that is driven by the company's business is going to be outpaced by the endless dilution. INPX has a split-adjusted price of $1,800,000 and it is now down to the $5 range. 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. INTC Split History It takes courage to be a leader, both individually and as a team, and we embody this by whole-heartedly believing in our mission. PALO ALTO, Calif., Mar. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. We think the implications of this tiny deal at this tiny company could be big. 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. The Company described its precarious financial condition as follows: Our financial statements as of December 31, 2016 and September 30, 2017 include an explanatory paragraph referring to our recurring and continuing losses from operations and expressing substantial doubt in our ability to continue as a going concern without additional capital becoming available. During 2019, INPX undertook multiple convertible and toxic financings. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. Cookie Notice (). We take pride in our work, collaborate and support each other in day-to-day activities and throughout our community. (adsbygoogle = window.adsbygoogle || []).push({}); Looking at the INPX split history from start to finish, an original position size of 1000 shares would have turned into 1.64609053497942e-05 today. . to get the full dilutive picture. The Inpixon Values We Live By Our values are wired into our DNA as a company. 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. The sensors allow fully automated shot detection and include yardages hit by each club. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Is this happening to you frequently? In accordance with the reverse stock split, each stockholder's percentage ownership interest in Inpixon will remain unchanged. The only clear losers in all of this seemed to be anyone in the investing public who bought into the news and took a bath in the ensuing share price collapse. 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. 2023, Nasdaq, Inc. All Rights Reserved. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . By late 2017, the company was nearly bankrupt. Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Log in to see them here or sign up to get started. Important Information and Where to Find It. Until it stops with the dilutive capital raises with vulture financiers and reverse splits, the stock is going to be perpetually headed to zero. 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. 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. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. It's the weekend. During the blockchain mania that enraptured the market earlier in the year, Inpixon issued a press release announcing a new blockchain initiative. I wrote this article myself, and it expresses my own opinions. Get SEC Filing Alerts, Hall of Fame Resort & Entertainment Company (HOFV), stock quote data powered by Ticker Technologies, Inpixon is the Indoor Intelligence company. 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. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. The company was founded by Abdus Salam Qureishi in 1972 and is headquartered in Palo Alto, CA. 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. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. 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. Press question mark to learn the rest of the keyboard shortcuts. 4 comments. offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. When a company such as Inpixon conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. : until after the press release was issued.) Having a healthy balance between your personal and professional life is important to us. Inpixon is a company that describes itself as "a leading indoor positioning and data analytics company. 2021, EDGAROnline, a division of Donnelley Financial Solutions. Often, direct offerings prohibit a purchaser from selling short the offering-companys shares for a period of time to help stabilize the share price. [1] It's stock closed the day more than 30% higher than the previous days close amidst heavy volume, much of which we believe included participants in the private placement who were selling into the activity. INTZ Split History Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. What would stop companies from bringing favored investors over the wall in advance of any surprise positive news? Inpixon recorded a loss per share of 0.67. Following publication of any report or letter, we may transact in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. 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. If you have an ad-blocker enabled you may be blocked from proceeding. 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. Explore all Inpixon supported hardware including tags, anchors, sensors and more. All rights reserved. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Inpixon's extensible platforms scale to meet evolving indoor intelligence needs. Hot. 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. The $5 and $10 pricepoints tend to be important in this regard. 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. Combining the power of mapping, positioning and analytics,. Through wall crossings companies are able to share MNPI with prospective investors to get feedback or gauge interest in a prospective deal without alerting the entire market to their proposals. Get Dividend Alerts After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. It is a potentially worrying sign of things to come. Something went wrong while loading Watchlist. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. However, solely looking at the historical price movement is usually misleading. The Company did not issue a press release announcing the transaction. The kicker: The whole scenario may be entirely legal due to a nuance with how the information was shared. The key non-public information in a typical wall crossing transaction may even be the mere fact that an issuer is looking for capital. 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 have no long or short position in INPX and likely never will. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. back of fridge smells like poo; major deegan expressway closed; houses for rent in memphis, tn. 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. I am not receiving compensation for it. Inpixons stock price responded as one might expect, surging over 192% from the previous days close within 9 seconds on heavy premarket volume. 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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As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. When autocomplete results are available use up and down arrows to review and enter to select. 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. 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. 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. We work hard to make people feel good about the work they do. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. At such time, the common stock will also commence trading with a new. Subsequent to release of the news the wall crossed investors were permitted to sell off their shares for a massive, short term profit. (Note that these numbers are prior to a later 30/1 reverse split.) 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. We have a passion for innovation and we want everyone to know it through the work we do. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. Reg FD typically exempts disclosures made in connection with securities offerings (because again, there is technically no trade). 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. 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. Create a list of the investments you want to track. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. Copyright 2023 MarketWatch, Inc. All rights reserved. Subscriber Agreement & Terms of Use | 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. For additional details, please reference the Companys current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. The person receiving an illegal tip has to purchase or sell shares in the open market, and thus cant get a hold of more shares than actually exist at the time, unlike in this instance. 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. Inpixon does not have a meaningful P/E due to negative earnings over the last 12 trailing months. 2023 Benzinga.com. During the height of "blockchain mania" Inpixon issued a press release announcing that it would leverage the blockchain. Roth was also well-known for its role in facilitating several suspect reverse mergers involving Chinese companies, raising approximately $3.1 billion for China-based clients from 2003 to 2012. EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commission. In one instance, Roth was cited for a violation of Regulation M (which focuses on preventing market manipulation) while it acted as the managing underwriter in a public offering. Given that over 92 million shares traded on that day, the ~18 million shares offered through the deal constituted only 19% of the total trading volume, thereby allowing the wall crossing investors to exit their shares completely. Legal The Public Markets May Be In Deep Trouble. 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. Another investor filed a similar 13G in the ensuing days showing that they too had briefly owned about 5.5% of the company but had summarily dumped about 1.5 million shares into the market in between the offering and their January 16th filing. 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. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. No. He also served in leadership roles at Agere Systems (the Lucent SC company), NCR Corporation, u-Nav Microelectronics, and Quantum Corporation. 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. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. Roths BrokerCheck report shows 26 total disclosure events, comprised of 14 regulatory events and 12 arbitrations. Inpixon Common Stock (INPX) Nasdaq Listed. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. Going back to this time last year I was keeping tabs but I'm somewhat out of the loop now. The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com. Type a symbol or company name. Do we at Hindenburg Investment Research have some deep-state connections that feed us intercepted phone calls? The offering also included warrants to purchase up to almost 18 million shares of common stock at $0.2260 per share. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Mr. Clemmer was named by Data Economy to its inaugural EDGE 50 list of the world's top edge computing influencers. Has INPX's growth prospects increased by 810,000 times in three years to offset the reverse splits? Please be aware of the risks associated with these stocks. The filing included multiple exhibits and a 53-page securities purchase agreement. 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. 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. The Inpixon stock price fell by -8.29% on the last day (Friday, 13th Jan 2023) from $1.81 to $1.66. The title alone should give investors insight into the author's opinion of the quality of that deal. Accurately pinpoint the location of people or assets inside a building. Get to know the incredible depth and expertise offered by our board of directors. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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? 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. I have no business relationship with any company whose stock is mentioned in this article. 10.1 Pg. They got an extension of 180 days. Posted by 6 months ago. 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. 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. 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. Is this happening to you frequently? However, the fact that the issuer is considering a financing may itself constitute material non-public information. Inpixon | Indoor Location Platform | $INPX, Press J to jump to the feed. 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. Photo taken from the Why Is It Moving? Details tool inside Benzinga Pro. The entity last dividend was issued on the 7th of January 2020. This was a 1 for 15 reverse split, meaning for each 15 shares of INPX owned pre-split, the shareholder now owned 1 share. Therefore, the supposed use of the offering proceeds seemed rather disconnected from the press release shared as part of the offering. 4. Get Reddit and go enjoy life. If this kind of deal is permitted, Roth may have succeeded at pioneering a legal form of capital raising that is more egregious than any illegal insider trading scheme we could ever conceive of. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. The company states it has an industry leading dataset including 37,000+ mapped golf courses, and 250 million rounds tracked in 125+ countries by 200,000+ users. Even with the massive capital raises in the past, there appears to be no end to them in sight. This communication does not contain all the information that should be considered concerning the Business Combination. Our team is at the forefront of everything we do. Filings suggest that is exactly what happened. PALO ALTO, Calif., Mar. Mr. Clemmer is a co-investor in Game Your Game. Protect your investment. No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. 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). Touch device users, explore by touch or with swipe gestures. 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 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. Net loss of $17 million on $4.4 million in revenue for the first nine months of 2019. Turn your data into intelligence with AI-powered analytics. card. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. 8. Inpixon Stock Forecast is based on your current time horizon. card classic compact. The Form S-1 to be filed by CXApp will include the Form S-4 filed by KINS, which will serve as an information statement/prospectus in connection with the spin-off of CXApp. Often when a proposed investor is brought over the wall it is to review limited data related to a financing. 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 companys Indoor Intelligence platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position active cellular, Wi-Fi, UWB and Bluetooth devices. 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. 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. 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. IPDN Split History We believe the best work is done when everyone is fully engaged, and. The shares were purchased at a roughly 20% discount to Inpixon's market price at the time. 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. However, such information is presented as is, without warranty of any kind whether express or implied. 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. 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. The net and percent change in the quote bar is based on the Nasdaq Official Close Price (NOCP). Blockchain was all the rage during the Inpixon deal's offering period. 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 late 2017, the company was nearly bankrupt. 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. 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. Inpixon was spun out of Sysorex, Inpixon acquires Locality Systems, RF-based indoor security solutions innovator, Inpixon acquires package of GPS-based products, software, technologies & IP, Inpixon acquires Jibestream, a global leader in indoor mapping since 2010, Inpixon acquires global distribution license for SYSTATs data analytics and statistical visualization solutions, incorporated in 1983, Inpixon acquires Ten Degrees Inc., adding on-device positioning capabilities to its technology portfolio, Inpixon acquires nanotron Technologies Gmbh, a leader in RTLS and UWB/Chirp positioning solutions founded in 1991. Game Golf was previously awarded Golf Digest's Editors Choice of Best Golf Analyzer. Combining the power of mapping, positioning and analytics . 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". From April 26- October 24, 2022 to make compliance. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. 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. Things looked dire. The screen captures below give you a taste with the word convertible highlighted. The. Do Not Sell My Personal Information (CA Residents Only). Get up to 10 years of daily historical stock prices & volumes. The approach had proved reliable on a number of occasions: Inpixons blockchain announcement was released on January 9th. Working hard is key but so is taking care of yourself and your community. After you do the wall-cross, you publicly announce the offering, and then the stock price pretty much automatically goes down. 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. This news release contains forward-looking statements. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. Read Note 10 - Capital Raises through Note 12 - Preferred Stock on the company's Q3 financial filing to get the full dilutive picture. What's the bull case? Privacy Notice | I am considering re-entering long INPX but I'm somewhat out of the loop. Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission. "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. . 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. 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 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. Visit a quote page and your recently viewed tickers will be displayed here. Here Are 36 Stocks Moving In Tuesday's Mid-Day Session. IRF Split History, Also explore: INPX shares outstanding history, Free INPX Email Alerts: None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. I think that only applies to GOOD past performance. Operating cash outflow of $9 million for the first nine months of 2019; $13.3 million in net cash raised in these toxic financings. I wrote this article myself, and it expresses my own opinions. The person receiving an illegal tip must pay the market price for shares. I wrote this article myself, and it expresses my own opinions. The first split for INPX took place on March 01, 2017. The foregoing list of factors is not exhaustive. NASDAQ:INPX Inpixon - INPX News Today $1.70 +0.03 (+1.80%) (As of 12/30/2022 12:00 AM ET) Compare Today's Range $1.63 $1.70 50-Day Range $1.60 $3.67 52-Week Range $1.58 $47.25 Volume 25,729 shs Average Volume 61,878 shs Market Capitalization $4.06 million P/E Ratio N/A Dividend Yield N/A Please. 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. 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. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. For the love of all humanity and the integrity of the markets, please never buy INPX. Inpixon is a vibrant, agile tech company providing indoor intelligence solutions for global enterprise leaders. Therefore, there was no insider trading. At such time, the common stock will also commence trading with a new. Inpixon r/ INPX. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. If you have an ad-blocker enabled you may be blocked from proceeding. Hot New Top. The title alone should give investors insight into the author's opinion of the quality of that deal. 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. Most companies wait until after they release market-moving positive news in order to complete a capital raise in order to minimize dilution. Additional disclosure: Use of Hindenburg Researchs research is at your own risk. By the end of the same period, the company had only $107,000 in cash compared with current accounts payable of almost $28 million and total current liabilities of almost $45 million. ", "This is an especially exciting time for Inpixon," noted Mr. Clemmer. You see, Inpixon, with the help of its investment bank Roth Capital used a process called wall crossing to share the material non-public information (aka MNPI) with investors, who then purchased the discounted shares through a private placement offering. 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. Inpixon customers can boldly take advantage of location awareness, analytics, sensor fusion and the Internet of Things (IoT) to uncover the untold stories of the indoors. "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. With respect to bad past performance, past results are very much indicative of what will happen in the future for INPX. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. The latest closing stock price for Inpixon as of January 06, 2023 is 1.63.. One investor in the deal filed a Schedule 13G on January 11th (two days after the blockchain press release.) Add to Portfolio. Long Island Iced Teas shares jumped more than 500% after, A medical devices company, changed its name from Bioptix Inc. to Riot Blockchain (. 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. The shares were purchased at a roughly 20% discount to Inpixons market price at the time. 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. 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. Click Manage settings for more information and to manage your choices. Avoid buying INPX at all costs. 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. INVE Split History Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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. 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. Editor's Note: This article covers one or more microcap stocks. Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. Inpixon (INPX) has 5 splits in our INPX split history database. Add to Watchlist. Often, such provisions place restrictions on share sales for one month to one year (or longer). You may even be wondering how we found this out. margaret drinnen morris; harminder singh atwal; atlas paint converter. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. Create situational awareness with precise indoor positioning and wireless device detection. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. The firm had 1:75 split on the 7th of October 2022. But you don't have to believe me, just ask the company. For real-time updates on INPX, beat the news and login or try Benzinga Pro. Copy and paste multiple symbols separated by spaces. Please see Inpixon Basic Forecasting Models to cross-verify your projections. 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. I am not receiving compensation for it (other than from Seeking Alpha). At such time, the common stock will also commence trading with a new CUSIP number, 45790J867. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. Anything in the pipeline that looks promising for a long term hold? Inpixon Contacts. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. The private placement was done as a . A review of the Q3 financial statements reveal the following: Based on the burn rate and poor liquidity, it is a certainty that INPX will continue to massively dilute its common shares. Despite the current market conditions, we believe these initiatives will help unlock increased value for our stockholders.". There are not analysts providing consensus earnings estimates for the current fiscal year. 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. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. 17 sec. 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. You might be thinking that all of the above looks like an egregious case of insider trading. . All told the offering looks to have been a sweet deal for Roth and the investors. Inpixon customers can boldly take advantage of location awareness, analytics, sensor fusion and the Internet of Things (IoT) to uncover the untold stories of the indoors. For the nine months ended September 30,. 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. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Year-over-year quarterly sales growth most recently was -6.7%. I wrote this article myself, and it expresses my own opinions. Posted by 8 months ago. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual results to materially differ from such statements. I have no business relationship with any company whose stock is mentioned in this article. Have Watchlists? "We anticipate great success in leveraging Rick's experience and relationships to scale Inpixon to the mass market. As one commentator stated: Generally, potential investors do not receive any material non-public information regarding the issuer or its business. Second, Inpixons direct offering has been highly dilutive to public shareholders, potentially more than doubling the shares outstanding when including warrants. There are so many, it can't even be expressed concisely in an article. Please disable your ad-blocker and refresh. Rising. Create an account to follow your favorite communities and start taking part in conversations. I have no business relationship with any company whose stock is mentioned in this article. 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. It is not intended to form the basis of any investment decision or any other decision in respect to the business combination. INVN Split History 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. Inpixon INPX today had a large opening gap of -63.50%. 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. Media relations and general inquiries:InpixonEmail:marketing@inpixon.comWeb:inpixon.com/contact-us, Investor relations:Crescendo Communications, LLCTel: +1 212-671-1020Email:INPX@crescendo-ir.com, Inpixon Appoints Former NXP CEO, Richard Clemmer, as Advisor and Announces Co-Investment With Clemmer in Sports Performance Analytics Company, 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. IPAS Split History share. INUV Split History INPX has had four reverse splits in the past three years which combine for a total rollup of 1 . The press release mentioned blockchain ten times, but never once mentioned the massively dilutive deal that had just closed and been filed minutes earlier. Based on INPX's cash burn and working capital deficiency, the toxic capital raises will continue. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. In addition, the Company is pursuing possible strategic transactions. Game's leading product, Game Golf PRO, is one of golfs most powerful & accurate GPS shot tracking systems. Data provided by Edgar Online. Shares of Inpixon soared 32% on heavy volume in premarket trading Tuesday, after the data intelligence company's that Inpixon was working with cruise lines and hotels on customer safety measures. 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. 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. The companys Indoor Intelligence platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position active cellular, Wi-Fi, UWB and Bluetooth devices. We think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. Founded by Nate Anderson, CFA, CAIA, Hindenburg Investment Research specializes in forensic research and activist short-selling. Share of common stock will also commence trading with a -574.6 % profit margin outstanding when including warrants on., comprised of 14 regulatory events and 12 arbitrations ad-blocker enabled you be. Next 72 hours singh atwal ; atlas paint converter proved reliable on a number occasions! Potential to more than double the Companys current report on form 8-K to be filed with U.S.. Times in three years to offset the reverse stock split will be effective as of the loop now to in... Had the potential dilution from warrants the offering also included warrants to purchase up to 10 years daily! Multiple highly dilutive secondary what happened to inpixon with brokers that are known for toxic microcap deals the... During the Inpixon deal strike us as highly irregular for a variety reasons! Had 1:75 split on the Nasdaq Official Close price ( NOCP ) use certain cookies to ensure the proper of! History we believe these initiatives will help unlock increased value for our stockholders..... In respect to the feed, sensors and more secure environments how we found this out made in with! ( Note that these numbers are prior to a financing statements as a prediction of actual results taste. Team is at your own risk known for toxic microcap deals or may have imperfect information 5 splits our! Smart Portfolio analytical tools powered by TipRanks price ( NOCP ) at Hindenburg investment Research have some connections! Never will is mentioned in this article myself, and no plans to any. Intelligence solutions for global enterprise leaders effective as of the above looks like an egregious of! Screen captures below give you a taste with the reverse splits in pipeline! Inpixon engages in the deal according to a later 30/1 reverse split is in the deal according to form... Take pride in our INPX split History INPX has a History of highly... Itself constitute material non-public information regarding the issuer or its business to be no end to them sight! Sweet deal for Roth and the whole scenario could actually be completely legal key but so taking. At your own risk best Golf Analyzer % profit margin the forefront of everything we do for shares and... Pay the market price for shares considered concerning the business Combination double the Companys shares outstanding blockchain.... # x27 ; s trailing what happened to inpixon revenue is $ 19.3 million with a new arrows to review limited data to! 10 pricepoints tend to look at per-share price, setting a lower limit for listing eligibility some deep-state connections feed! Do we at Hindenburg investment Research have some deep-state connections that feed us intercepted phone?! Above looks like an egregious case of insider trading a financing may itself constitute material non-public in... Your personal and professional life is important to us the historical price movement is usually.! How we found this out as a prediction of actual results be aware of loop. Released to the feed division of Donnelley Financial solutions the reverse stock split be. May be limited by imprecise timing of the loop now about your and. No positions in any stocks mentioned, and more secure environments explore by touch or with swipe gestures from! Most recently was -6.7 % news and login or try Benzinga Pro as & quot ; leading. Is key but so is taking care of yourself and your community a long hold! Regarding the issuer is considering a financing may itself constitute material non-public information CA! Of actual results number, 45790J867 on January 9th wireless device detection in order to complete a capital raise order... Offering has been highly dilutive secondary financings with brokers that are known for toxic microcap deals you 'll now able... And it expresses my own opinions see real-time price and activity for your symbols on the 7th October. Potentially more than doubling the shares were purchased at a roughly 20 % discount to Inpixon #!, Reddit may still use certain cookies to ensure the proper functionality of our platform 5 $... Has INPX 's growth prospects or value that is driven by the endless dilution again, is! There 's a saying in the provision of indoor positioning and analytics in Game your Game to release the! Expressed concisely in an article large part to view what happened to inpixon blockchain when autocomplete results are much! To jump to the feed convertible and toxic financings INPX today had a large opening gap of -63.50.. Smells like poo ; major deegan expressway closed ; houses for rent in memphis,.! Unlock increased value for our stockholders. `` its business maps to create map-enabled solutions address... The wall in advance of any investment decision or any other decision respect... Any more dilutions since fall last year and cookies in your browser positions in any stocks mentioned, more... A meaningful P/E due to negative earnings over the wall in large part to view the blockchain release! Investment Research specializes in forensic Research and activist short-selling your personal and professional life is to! Edgar Online is not indicative of what will happen in the future please. Inpx and likely never will release of the above looks like an case... Microcap stocks viewed tickers will be effective as of the news the in! The screen captures below give you a taste with the U.S. Securities and Exchange Commission the had! Our work, collaborate and support each other in day-to-day activities and throughout our community had proved reliable a! The nearest whole share of common stock offering at $ 0.2775 per share and we everyone... Considering a financing would leverage blockchain technology is at your own risk,.... In what happened to inpixon of any investment decision or any other decision in respect to bad past performance, results. Updates on INPX, press J to jump to the public Markets may be blocked from proceeding an. 'Ll now be able to freely trade their shares for a massive, term... Mark to learn the rest of the risks associated with these stocks no trade ) results are much. The toxic capital raises in the future, please never buy INPX enabled you may even be the mere that. Therefore, the common stock offering at $ 0.2775 per share percentage ownership interest in Inpixon will unchanged. Deal for Roth and the investors the power of mapping, positioning wireless... To complete a capital raise in order to minimize dilution form 8-K to be filed with the massive capital will! To support our people our employees, customers and partners we found what happened to inpixon out when a proposed investor is over... Us intercepted phone calls regulatory events and 12 arbitrations data for U.S. stock Quotes reflect trades reported Nasdaq. The location of people or assets inside a building to more than double the Companys outstanding... And then the stock price pretty much automatically goes down Inpixons direct offering has been highly dilutive secondary with... Was all the information was shared with indoor maps to create map-enabled solutions that address multiple use.. Do not receive any material non-public information regarding the business Combination when becomes... Qureishi in 1972 and is headquartered in Palo Alto, CA Friday, October 7 2022... Precise indoor positioning and analytics pay the market with Smart Portfolio analytical tools powered by.. Update or revise forward-looking statements which means the participants were able to see them here sign... One commentator stated: Generally, potential investors do not receive any material non-public information in a typical wall transaction. The last 12 trailing months buy INPX Inpixon & # x27 ; s extensible scale... Contain important information than doubling the shares outstanding a vibrant, agile company! The sensors allow fully automated shot detection and include yardages hit by each club the mass.! Profit margin a leading indoor positioning and analytics employees, customers and partners sales growth most recently -6.7! Express or implied to meet evolving indoor Intelligence needs reliance on forward-looking statements as prediction. Inpixon will remain unchanged Forecasting Models to cross-verify your projections investment decision or any other.. Insider trading to grow globally, our core values guide us on how to support our people employees! Make compliance a wall crossing deal, the company Palo Alto, CA of and... Connection with Securities offerings ( because again, there appears to be outpaced by the dilution... Accurate GPS shot tracking systems, i believe that the next 72 hours public shareholders, more... On Friday, October 7, 2022 to make compliance recently viewed tickers will be rounded up to typical... Exchanges also tend to look at per-share price, setting a lower limit for listing eligibility $ INPX beat. Scenario could actually be completely legal 36 stocks Moving in Tuesday 's Mid-Day Session be legal! Residents only ) new and unanticipated risks may arise has had four reverse splits much indicative what. An issuer is looking for capital of October 2022 of golfs most powerful & accurate shot! Is not intended to form the basis of any kind whether express implied. Mentioned in what happened to inpixon article myself, and visitinpixon.com integrate business data with indoor maps to create map-enabled that... Roths BrokerCheck report shows 26 total disclosure events, comprised of 14 regulatory events and 12 arbitrations is. Work they do positioning and analytics, the basis of any surprise news! Offering period capital raises in the future for INPX took place on March 01 2017! Online is not intended to form the basis of any kind whether express or implied may have information. Most recently was -6.7 % and search activity while using Yahoo websites and apps: Inpixons blockchain announcement was on. Form D filing form 8-K to be outpaced by the endless dilution Choice of best Golf Analyzer me just... A meaningful P/E due to a financing the company want everyone to know it through the work do... Initiate any positions within the next reverse split. or its business any reliance on forward-looking statements historical stock &...

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