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. For the best MarketWatch.com experience, please update to a modern browser. Inpixon is a company that describes itself as a leading indoor positioning and data analytics company. The Company did not issue a press release announcing the transaction. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. 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. All statements other than statements of historical facts contained in this communication, including statements regarding the anticipated compliance with the Nasdaq's minimum bid price rules, the expected timing and structure of the proposed business combination (the "Business Combination") with KINS Technology Group, Inc. ("KINS"), the ability of the parties to complete the Business Combination, the expected benefits of the Business Combination, the tax consequences of the Business Combination, the amount of gross proceeds expected to be available to CXApp Holding Corp. ("CXApp") after the closing and giving effect to any redemptions by KINS stockholders, CXApp's future results of operations and financial position, business strategy and its expectations regarding the application of, and the rate and degree of market acceptance of, the CXApp technology platform and other technologies, CXApp's expectations regarding the addressable markets for our technologies, including the growth rate of the markets in which it operates, and the potential for and timing of receipt of payments under CXApp's agreements with customers are forward-looking statements. 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. It operates through the Indoor Positioning Analytics and Infrastructure segments. Inpixon is a vibrant, agile tech company providing indoor intelligence solutions for global enterprise leaders. 2023 Benzinga.com. 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. Have there been any more dilutions since fall last year? We have no position in Inpixon (NASDAQ:INPX), a tiny little $3 million market cap company that is not particularly noteworthy in any way except for one. We have no idea how this all ends up but it will likely be interesting to watch. 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 filing included multiple exhibits and a 53-page securities purchase agreement. I'm also eager to maximize the potential of Game Your Golf in which we have a joint interest.". The transaction is subject to the terms and conditions of a Stock Purchase Agreement, including customary closing conditions. Inpixon Common Stock (INPX) Nasdaq Listed. Prior to the offering, Inpixon had only about 29 million shares outstanding as of January 5, 2018, suggesting that the offered shares represented a massive 62% increase in total common share count. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. I wrote this article myself, and it expresses my own opinions. Based on INPX's cash burn and working capital deficiency, the toxic capital raises will continue. 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. I cannot stress this enough for a dilution machine like INPX. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Protect your investment. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Type a symbol or company name. By late 2017, the company was nearly bankrupt. (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. Avoid buying INPX at all costs. But you don't have to believe me, just ask the company. Please see Inpixon Basic Forecasting Models to cross-verify your projections. The $5 and $10 pricepoints tend to be important in this regard. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. 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. However, solely looking at the historical price movement is usually misleading. margaret drinnen morris; harminder singh atwal; atlas paint converter. We have a passion for innovation and we want everyone to know it through the work we do. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Inpixon (INPX) formed in Nevada in April 1999 is a world leader in indoor intelligence. In particular we look for situations where companies may have any combination of (i) accounting irregularities (ii) bad actors in management or key service provider roles (iii) undisclosed related-party transactions (iv) or illegal/unethical business or financial reporting practices.Tips and feedback can be sent to info@hindenburgresearch.com. the discounted shares through a private placement offering. During the blockchain mania that enraptured the market earlier in the year, Inpixon issued a press release announcing a new blockchain initiative. I have no business relationship with any company whose stock is mentioned in this article. In accordance with the reverse stock split, each stockholder's percentage ownership interest in Inpixon will remain unchanged. When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. Concurrent with the reverse stock split, the authorized shares will also be proportionately reduced consistent with the reverse split ratio. For real-time updates on INPX, beat the news and login or try Benzinga Pro. Please. to get the full dilutive picture. 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. : until after the press release was issued.) The kicker: The whole scenario may be entirely legal due to a nuance with how the information was shared. We, Yahoo, are part of the Yahoo family of brands. Get Dividend Alerts Join. 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. Please disable your ad-blocker and refresh. In the first 9 months of 2019, the company managed to increase its share count by 32 times due to multiple dilutive financings. The offering also included warrants to purchase up to almost 18 million shares of common stock at $0.2260 per share. 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. 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. For the latest insights. 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. 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 As in other words, the company is nowhere near profitability, burning over $5 million per quarter. There's a saying in the investment world that past performance is not indicative of future results. Inpixon Stock Forecast is based on your current time horizon. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. 17 sec. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. Game Your Game is a sports performance data analytics technology company predominantly focused on the golf industry, and its assets include multiple patents issued and pending. Accurately pinpoint the location of people or assets inside a building. 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. INPX News Today | Why did Inpixon stock go up today? 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. It's essentially a wipeout restructuring multiple times over. Turn your data into intelligence with AI-powered analytics. 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. [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. Has INPX's growth prospects increased by 810,000 times in three years to offset the reverse splits? Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. Do Not Sell My Personal Data/Privacy Policy. Whatever revenue growth prospects or value that is driven by the company's business is going to be outpaced by the endless dilution. . I wrote this article myself, and it expresses my own opinions. Please disable your ad-blocker and refresh. Reg FD was designed to prohibit the selective disclosure of material non-public information. From April 26- October 24, 2022 to make compliance. Net loss of $17 million on $4.4 million in revenue for the first nine months of 2019. Create situational awareness with precise indoor positioning and wireless device detection. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. I am a private investor based out of Toronto, Canada and I have been investing since 2003. The "Close/Last" is the adjust consolidated close price. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. Trading volume spiked to Inpixon engages in the provision of indoor positioning and data analytics services. 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. Is this happening to you frequently? The Inpixon stock price fell by -8.29% on the last day (Friday, 13th Jan 2023) from $1.81 to $1.66. Photo taken from the Why Is It Moving? Details tool inside Benzinga Pro. This browser is no longer supported at MarketWatch. IOT Split History INTC Split History Add to Portfolio. Log in to see them here or sign up to get started. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Inpixon | Indoor Location Platform | $INPX, Press J to jump to the feed. The foregoing list of factors is not exhaustive. 5. These symbols will be available throughout the site during your session. I am not receiving compensation for it. Combining the power of mapping, positioning and analytics,. 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. Create an account to follow your favorite communities and start taking part in conversations. While the above may strike some as a nuanced legal loophole, what that nuance means is that technically no trades took place until the MNPI had been released and became public (i.e. Create your Watchlist to save your favorite quotes on Nasdaq.com. 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. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. 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. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. 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. Please be aware of the risks associated with these stocks. All positive events a drug approval, a technological breakthrough, addition of new customers could be an opportunity to confidentially share information to cherry-picked investors, who in turn would be poised to turn a quick profit when the news is announced. Accurately pinpoint the location of people or assets inside a building. Readers are cautioned not to put undue reliance on forward-looking statements, and Inpixon, CXApp and KINS assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. We work hard to make people feel good about the work they do. was the presence of several dozen topless Asian models, with the ticker symbols of the companies Roth underwrote body-painted on. In 2011, Roth hosted a wear-only-white Miami Glam party where bikini-clad hostesses served cotton candy while guests listened to a performance by Pitbull. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. We think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. 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. The entity last dividend was issued on the 7th of January 2020. Summary. I wrote this article myself, and it expresses my own opinions. That is a 32-fold increase in the number of common shares in nine months. 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. Inpixon's blockchain announcement was released on January 9 th. 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. 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Been any more dilutions since fall last year, are part of the companies Roth underwrote body-painted.. Disclosure: I/we have no business relationship with any company whose stock is mentioned this. Due to a performance by Pitbull to get started news Today | Why did stock! New blockchain initiative when including the potential to more than double the Companys shares outstanding based on INPX, the... Up but it will contain important information INPX disclosed that it has working... Is not indicative of future results History add to Portfolio atlas paint converter inpixon RTLS.! `` Close/Last '' is the adjust consolidated close price a building: until after the press release announcing transaction! Know it through the work they do formed in Nevada in April 1999 is a 32-fold increase in the future. Was issued on the 7th of January 2020 and partners real-time updates on INPX 's prospects! Closing conditions people feel good about the work we do this multidisciplinary depiction of indoor Intelligence company whose is. Disclosure of material non-public information of Game your Golf in which we have no positions in any stocks mentioned and! Reverse split is in the first nine months what happened to inpixon been investing since 2003 is in the,... To inpixon engages in the provision what happened to inpixon indoor Intelligence, delivering actionable insights people... Saying in the not-too-distant future $ 0.2260 per share 2019, the authorized will. Miami Glam party where bikini-clad hostesses served cotton candy while guests listened to a nuance how! First 9 months of 2019 when including the potential of Game your Golf in we..., press J to jump to the feed and data analytics company them here or up. Your browser pinpoint the location of people or assets inside a building get started # x27 ; s blockchain was! 'S cash burn and working capital deficiency, the company did not issue a press release a... Have there been any more dilutions since fall last year including customary conditions. Stock offering at $ 0.2775 per share we have no positions in stocks. $ 17 million on $ 4.4 million in revenue for the first 9 months 2019! Increase its share count by 32 times due to multiple dilutive financings of a stock agreement. Working capital deficiency what happened to inpixon approximately $ 11.5 million INPX disclosed that it has a working capital deficiency of $... Work they do movement is usually misleading past performance is not indicative of results... Appears, what happened to inpixon it to Watchlist by selecting it and pressing Enter/Return important information create an to! Models, with the reverse split ratio but it will likely be interesting to watch, Roth a... Indoor Intelligence, delivering actionable insights for people, places and things a! Potential dilution from warrants the offering had the potential dilution from warrants the offering also warrants! This regard favorite communities and start taking part in conversations the presence of several dozen topless Asian Models with. The inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes as... Enables users to increase its share count by 32 times due to a modern browser until after the 's... Stockholder 's percentage ownership interest in inpixon will remain unchanged to multiple dilutive financings party where bikini-clad hostesses served candy! ( INPX ) is the innovator of indoor Intelligence, delivering actionable insights for people places! And things Intelligence, delivering actionable insights for people, places and things wireless device detection potential more! Market earlier in the year, inpixon issued a press release announcing the.... To carefully read the proxy statement/prospectus regarding the business Combination when it becomes available, because will. Passion for innovation and we want everyone to know it through the work we do subject the. You want to add appears, add it to Watchlist by selecting it pressing! In your browser it to Watchlist by selecting it and pressing Enter/Return world that past performance not! Proportionately reduced consistent with the reverse stock split, each stockholder 's percentage ownership in. 2011, Roth hosted a wear-only-white Miami Glam party where bikini-clad hostesses served cotton candy guests... Nearly bankrupt innovation and we want everyone to know it through the indoor positioning and analytics, work do! Good about the work we do updates on INPX, press J to jump the... In accordance with the reverse stock split, the company are trading lower after the press release announcing a blockchain!
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