I am not receiving compensation for it. We found no mention of blockchain in the actual prospectus documents for the private placement. 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. For context, a 13G is used to report a partys ownership of stock that is more than 5% of a company. 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 firm had 1:75 split on the 7th of October 2022. When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. Here Are 36 Stocks Moving In Tuesday's Mid-Day Session. [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. The entity last dividend was issued on the 7th of January 2020. 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. 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. : until after the press release was issued.) It has now fallen 3 days in a row. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. I am considering re-entering long INPX but I'm somewhat out of the loop. 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. The key non-public information in a typical wall crossing transaction may even be the mere fact that an issuer is looking for capital. If you have an ad-blocker enabled you may be blocked from proceeding. Read Note 10 - Capital Raises through Note 12 - Preferred Stock on the company's Q3 financial filing to get the full dilutive picture. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. Additional disclosure: Use of Hindenburg Researchs research is at your own risk. For additional details, please reference the Companys current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. According to our. Inpixon (INPX) has 5 splits in our INPX split history database. margaret drinnen morris; harminder singh atwal; atlas paint converter. It does not matter what this company does. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. Despite the current market conditions, we believe these initiatives will help unlock increased value for our stockholders.". 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. It does not matter if it found a pool-sized deposit of pure gold underneath its head office. Combining the power of mapping, positioning and analytics,. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. 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. Inpixon recorded a loss per share of 0.67. 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. Visit a quote page and your recently viewed tickers will be displayed here. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Inpixon is a company that describes itself as "a leading indoor positioning and data analytics company. It is a potentially worrying sign of things to come. Putting a percentage on that is meaningless. [See: 17 C.F.R. Photo taken from the Opening Gap Signals tool inside Benzinga Pro. 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. 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. For the nine months ended September 30,. All statements in this release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Wall crossing offerings can serve a useful purpose in the market. General inquiries:InpixonEmail: [email protected]: inpixon.com/contact-us, Investor relations:Crescendo Communications, LLCTel: +1 212-671-1020Email: [email protected], View original content to download multimedia:https://www.prnewswire.com/news-releases/inpixon-announces-share-consolidation-for-nasdaq-compliance-and-to-support-strategic-transactions-301642082.html, https://www.prnewswire.com/news-releases/inpixon-announces-share-consolidation-for-nasdaq-compliance-and-to-support-strategic-transactions-301642082.html, 12-year-old catches great white shark while fishing in Florida, Biden calls in Ghostburger order, leaves employee speechless, Brian Walshe pleads not guilty to murder: Everything we know about the case, Anger grows in Virginia city where first-grader shot teacher, Poll: Two-thirds of Americans including most Dems favor investigation into Biden docs. Explore all Inpixon supported hardware including tags, anchors, sensors and more. 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. Copy and paste multiple symbols separated by spaces. I wrote this article myself, and it expresses my own opinions. 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. Please. 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. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. 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. Concurrent with the reverse stock split, the authorized shares will also be proportionately reduced consistent with the reverse split ratio. 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. 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. The transaction is subject to the terms and conditions of a Stock Purchase Agreement, including customary closing conditions. to get the full dilutive picture. Roth pocketed $334,800 for their role in the deal according to a form D filing. what happened to mags in utopia falls. They got an extension of 180 days. 243.100 (b)(2)(iii).]. Accurately pinpoint the location of people or assets inside a building. Plays Nice with Others Our technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in. 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. 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. save. 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. Reg FD typically exempts disclosures made in connection with securities offerings (because again, there is technically no trade). This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Do we at Hindenburg Investment Research have some deep-state connections that feed us intercepted phone calls? Intraday data delayed at least 15 minutes or per exchange requirements. The offering also included warrants to purchase up to almost 18 million shares of common stock at $0.2260 per share. 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. 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. . Data provided by Edgar Online. Cookie Notice (). By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. Copyright 2023 MarketWatch, Inc. All rights reserved. The Inpixon Values We Live By Our values are wired into our DNA as a company. Visit our investor relations portal to be in-the-know on the latest information about our 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. "We are very fortunate to have the opportunity to work with someone of Ricks stature and expertise and look forward to partnering with him on Game as well as benefiting from his support and advice for Inpixon," said Nadir Ali, CEO of Inpixon. Avoid buying INPX at all costs. Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. We think the implications of this tiny deal at this tiny company could be big. INPX News Today | Why did Inpixon stock go up today? The "Close/Last" is the adjust consolidated close price. 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. Inpixon's blockchain announcement was released on January 9 th. 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. Until it stops with the dilutive capital raises with vulture financiers and reverse splits, the stock is going to be perpetually headed to zero. INUV Split History For the best MarketWatch.com experience, please update to a modern browser. 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. The company shared the press release with multiple investors in advance. Has INPX's growth prospects increased by 810,000 times in three years to offset the reverse splits? Protect your investment. 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. It is not intended to form the basis of any investment decision or any other decision in respect to the business combination. The price and volume predictably surged on the news. Rising. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. 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. Often when a proposed investor is brought over the wall it is to review limited data related to a financing. Hot. 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. This browser is no longer supported at MarketWatch. From the liquidity section of its Q3 filing: The Companys capital resources as of September 30, 2019, availability on the Payplant facility to finance purchase orders and invoices in an amount equal to 80% of the face value of purchase orders received and funds from its revenue will not be sufficient to fund planned operations during the next twelve months from the date the financial statements are issued based on current projections. 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. But you don't have to believe me, just ask the company. 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. The $19 million in liabilities are broken down as $10 million in short term debt, $3 million in long-term debt and the balance in payables and other short term liabilities. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Inpixon's extensible platforms scale to meet evolving indoor intelligence needs. Privacy Notice | We are writing this because we saw something we think is pretty ridiculous, and we like to call-out ridiculous things. 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. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. There are currently no items in this Watchlist. Inpixon is a company that describes itself as a leading indoor positioning and data analytics company. With respect to bad past performance, past results are very much indicative of what will happen in the future for INPX. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. For the company perhaps this was the best deal they could achieve given their circumstances. Going back to this time last year I was keeping tabs but I'm somewhat out of the loop now. Often, direct offerings prohibit a purchaser from selling short the offering-companys shares for a period of time to help stabilize the share price. Here, the leak-out agreement provided that on the date of the blockchain press release the wall crossing investors could not make up more than 35% of the trading volume in the Companys common stock. reverse mergers involving Chinese companies, Inpixon closed a registered direct offering. Game Golf PRO is designed to help players improve their scores and to enable course managers, greenskeepers and architects to lower costs and improve the pace of play. Create an account to follow your favorite communities and start taking part in conversations. 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. To say the offering was dilutive doesnt do justice to the term. 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. Founded by Nate Anderson, CFA, CAIA, Hindenburg Investment Research specializes in forensic research and activist short-selling. 5. These dilutive capital raises resulted in the shares outstanding climbing from (pre-January 2020 split) 1,581,880 as of December 31, 2018 to 50,518,500 as of September 30, 2019. In the first 9 months of 2019, the company managed to increase its share count by 32 times due to multiple dilutive financings. 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. 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. 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. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. As we chart out this new frontier and redraw the world with indoor intelligence, were always looking for the best and brightest to come aboard and join our talented and innovative crew. Touch device users, explore by touch or with swipe gestures. 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. You may even be wondering how we found this out. The latest closing stock price for Inpixon as of January 06, 2023 is 1.63..

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