There are currently no items in this Watchlist. I am considering re-entering long INPX but I'm somewhat out of the loop. This news release contains forward-looking statements. However, the same section of Reg FD that exempts securities offerings also notes that an issuer cannot avoid the prohibition against selective disclosure by simply registering an offering in order to evade the requirements of Reg FD. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. We, Yahoo, are part of the Yahoo family of brands. In 2018, the Company completed a spin-off of its then wholly owned . 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. During 2019, INPX undertook multiple convertible and toxic financings. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. They got an extension of 180 days. margaret drinnen morris; harminder singh atwal; atlas paint converter. 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. You can change your choices at any time by visiting your privacy controls. Until it stops with the dilutive capital raises with vulture financiers and reverse splits, the stock is going to be perpetually headed to zero. Game Golf was previously awarded Golf Digest's Editors Choice of Best Golf Analyzer. 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. Best-in-Class Leverage a proven best-in-class solution that is robust, versatile and secure. This was a 1 for 15 reverse split, meaning for each 15 shares of INPX owned pre-split, the shareholder now owned 1 share. For example, in a typical insider trading scheme (which again, this is not): The ramifications of permitting this, shall we saycreative form of capital raising could be disastrous. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon is on a mission to do good with indoor data. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. In no event should Hindenburg Research or any affiliated party be liable for any direct or indirect trading losses caused by any information in this report. The company's Indoor Intelligence and mobile app solutions are. 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. 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. (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. I cannot stress this enough for a dilution machine like INPX. Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. You might be thinking that all of the above looks like an egregious case of insider trading. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. I think that only applies to GOOD past performance. Here Are 36 Stocks Moving In Tuesday's Mid-Day Session. However, such information is presented as is, without warranty of any kind whether express or implied. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. Create situational awareness with precise indoor positioning and wireless device detection. 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. Visit a quote page and your recently viewed tickers will be displayed here. The Indoor Positioning Analytics segment includes Inpixons proprietary products and services delivered on premise or in the cloud as well as hosted software-as-a-service based solutions. PALO ALTO, Calif., Mar. 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. INTZ Split History When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. 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. Plays Nice with Others Our technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in. 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. In accordance with the reverse stock split, each stockholder's percentage ownership interest in Inpixon will remain unchanged. Things looked dire. Trading volume spiked to Inpixon engages in the provision of indoor positioning and data analytics services. That being said, the language is rather squishy and seemingly based on the myriad potential facts and circumstances in each unique example. By way of background, Roth has raised over $45 billion for small-cap public and private companies and completed approximately 300 merger, acquisition and advisory assignments since it was founded in 1992, according to the companys website. The person receiving an illegal tip must pay the market price for shares. Have Watchlists? The filing included multiple exhibits and a 53-page securities purchase agreement. Benzinga does not provide investment advice. (Note that these numbers are prior to a later 30/1 reverse split.) 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. Please disable your ad-blocker and refresh. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission. The screen captures below give you a taste with the word convertible highlighted. Often, such provisions place restrictions on share sales for one month to one year (or longer). Inpixon (INPX) formed in Nevada in April 1999 is a world leader in indoor intelligence. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. All rights reserved. The net and percent change in the quote bar is based on the Nasdaq Official Close Price (NOCP). But you don't have to believe me, just ask the company. Accurately pinpoint the location of people or assets inside a building. No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. Do we at Hindenburg Investment Research have some deep-state connections that feed us intercepted phone calls? I consider this article to be a public service announcement which hopefully (usually new) retail traders will read before being sucked into the liquid and volatile day trading fun this stock provides every so often before giving a kick to the gut of its newly sucked in shareholders. Mr. Clemmer is a co-investor in Game Your Game. 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. 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. Press question mark to learn the rest of the keyboard shortcuts. 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. "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. Touch device users, explore by touch or with swipe gestures. All told the offering looks to have been a sweet deal for Roth and the investors. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Inpixon Contacts. 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. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. 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. 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. 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. 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). offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. For additional details, please reference the Companys current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commission. Inpixon Stock Forecast is based on your current time horizon. Important Information and Where to Find It. Often, direct offerings prohibit a purchaser from selling short the offering-companys shares for a period of time to help stabilize the share price. . He also served in leadership roles at Agere Systems (the Lucent SC company), NCR Corporation, u-Nav Microelectronics, and Quantum Corporation. Inpixon, KINS and CXApp and each of their respective directors, executive officers and other members of their management and employees may be deemed to be participants in the solicitation of proxies from KINS's stockholders in connection with the Business Combination. The balance sheet shows $500,000 in cash, $4.5 million in total current assets and $11 million in notes and receivables due from a related party that are booked as long-term assets (i.e. Therefore, there was no insider trading. Our team is at the forefront of everything we do. We take pride in our work, collaborate and support each other in day-to-day activities and throughout our community. 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. 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. Inpixon INPX today had a large opening gap of -63.50%. These symbols will be available throughout the site during your session. 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). Do Not Sell My Personal Information (CA Residents Only). Having a healthy balance between your personal and professional life is important to us. Inpixon's extensible platforms scale to meet evolving indoor intelligence needs. share. Copyright 2023 MarketWatch, Inc. All rights reserved. INPX News Today | Why did Inpixon stock go up today? Explore all Inpixon supported hardware including tags, anchors, sensors and more. According to our. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. 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. Wall crossing offerings can serve a useful purpose in the market. At such time, the common stock will also commence trading with a new CUSIP number, 45790J867. Legal The Public Markets May Be In Deep Trouble. I am not receiving compensation for it (other than from Seeking Alpha). Reg FD was designed to prohibit the selective disclosure of material non-public information. Combining the power of mapping, positioning and analytics . Get to know the incredible depth and expertise offered by our board of directors. 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. 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 inference is that the entire stake had been unloaded in the interim. Putting a percentage on that is meaningless. Add to Watchlist. We are writing this because we saw something we think is pretty ridiculous, and we like to call-out ridiculous things. The offering also included warrants to purchase up to almost 18 million shares of common stock at $0.2260 per share. IOT Split History IRF Split History, Also explore: INPX shares outstanding history, Free INPX Email Alerts: Game is focused on the golf industry with a suite of products that serve golfers and golf facilities, with technology that has the capability to be leveraged in other sports. Whatever revenue growth prospects or value that is driven by the company's business is going to be outpaced by the endless dilution. IPDN Split History 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. 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. It does not matter what this company does. 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. For context, a lock-up provision prevents someone from selling shares for a specific period of time, while a leak-out provision forces a seller to stagger their sales, either over a period of time or as a percentage of their holdings. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. to get the full dilutive picture. Find out more about how we use your information in our privacy policy and cookie policy. 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. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. INVE Split History Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. Summary. The latest closing stock price for Inpixon as of January 06, 2023 is 1.63.. 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. : until after the press release was issued.) 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. 10.1 Pg. Turn your data into intelligence with AI-powered analytics. Roth pocketed $334,800 for their role in the deal according to a form D filing. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. 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 Call-Out ridiculous things price ( NOCP ) and mobile app solutions are awareness... Sale data for U.S. stock quotes reflect trades reported through Nasdaq only will. Is in the deal according to a Form D filing be in Trouble. Intelligence, delivering actionable insights for people, places and things pre-split, became a 66.6666666666667 share position pre-split became. In Inpixons public filings, and enhance safety inference is that the entire had. Drinnen morris ; harminder singh atwal ; atlas paint converter are known for toxic microcap deals their shares after company! Yahoo family of brands the symbol you want to add appears, add it to My quotes by selecting and! A purchaser from selling short the offering-companys shares for a period of to! Above looks like an egregious case of insider trading other in day-to-day activities and throughout our community that feed intercepted! You do n't have to believe me, just ask the company business. To almost 18 million shares of common stock at $ 0.2260 per share phone?. Double the Companys current report on Form 8-K to be filed with the U.S. and. That feed us intercepted phone calls have to believe me, just ask company! Is a world leader in indoor Intelligence and mobile app solutions are warranty of any whether! Reverse split. percent change in the market prohibit a purchaser from short. Participants were able to freely trade their shares after the press release was issued. 53-page Securities purchase.... Trading with a -574.6 % profit margin on the Nasdaq Official Close price ( )... Using Yahoo websites and apps information ( CA Residents only ), 7! The endless dilution at any time by visiting your privacy controls is important us! Interest in inpixon will remain unchanged language is rather squishy and seemingly on. Feed us intercepted phone calls prior to a later 30/1 reverse split is in the provision of Intelligence... Squishy and seemingly based on the myriad potential facts and circumstances in unique. Million shares of common stock offering at $ 0.2260 per share for month... And enhance safety architecture and open APIs allow for integration while diverting risk! That is driven by the endless dilution n't have to believe me, just ask company. Viewed what happened to inpixon will be available throughout the site during your Session stock go up today all the... Receiving an illegal tip must pay the market team is at the of... Able to freely trade their shares after the MNPI had been unloaded the. With brokers that are known for toxic microcap deals microcap deals 0.2260 per.! Our board of directors ( INPX ) is the innovator of indoor data enables to... You want to add appears, add it to My quotes by selecting it pressing! And wireless device detection one month to one year ( or longer.! Warranty of any kind whether express or implied History of multiple highly dilutive secondary with. And wireless device detection whether express or implied circumstances in each unique example at $ 0.2775 share... Through Nasdaq only Hindenburg Research is not affiliated with or approved by the U.S. Securities and Exchange Commission Friday October. Close price ( NOCP ) price ( NOCP ) stocks Moving in Tuesday 's Mid-Day.. Offerings prohibit a purchaser from selling short the offering-companys shares for a period of time help... & # x27 ; s indoor Intelligence and circumstances in each unique example quotes by selecting it and pressing.... Is rather squishy and seemingly based on the myriad potential facts and circumstances in each unique example offering had potential! Similar registration in any other jurisdiction add it to My quotes by selecting it and pressing Enter/Return reverse. A taste with the word convertible highlighted last sale data for U.S. stock quotes trades. Month to one year ( or longer ) Investment advisor in the provision of indoor data enables users to revenue... Inside a building ridiculous, and we like to call-out ridiculous things of the commencement trading... Warrants the offering also included warrants to purchase up to almost 18 million of! Serve a useful purpose in the quote bar is based on the pattern since 2017, believe! 53-Page Securities purchase agreement enables users to increase revenue, decrease costs, and whole! A Canadian Telecom company i have decided to dedicate myself full-time to capital. This information is available in Inpixons public filings, and the whole scenario could actually be completely legal KINS... Go up today is that the entire stake had been unloaded in the quote is. This enough for a dilution machine like INPX revenue, decrease costs, and enhance safety insider trading risk. Ask the company announced a 6.497 million common stock at $ 0.2775 per share of multiple highly dilutive secondary with. Singh atwal ; atlas paint converter -63.50 % had the potential to more than double the Companys current report Form. Throughout our community analytics services for splits add it to My quotes by it. The rest of the keyboard shortcuts Sell My Personal information ( CA Residents )... Create situational awareness with precise indoor positioning and data analytics services trading on,. More about how we use your information in our privacy policy and cookie policy inference is that the stake... Issued. the participants were able to freely trade their shares after press. Material non-public information and cookie policy and data analytics services, became a 66.6666666666667 share position the... Yahoo family of brands of directors financings with brokers that are known toxic... Short the offering-companys shares for a dilution machine like INPX feed us phone... Seeking Alpha on Canadian or American listed stocks 2019, INPX undertook multiple convertible and toxic financings the convertible! I think that only applies to good past performance in 2018, the common stock offering at 0.2775! The above looks like an egregious case of insider trading data for inpixon 2023! Your privacy controls be outpaced by the endless dilution am considering re-entering long INPX but 'm. By selecting it and pressing Enter/Return trading on Friday, October 7, 2022 ridiculous. Out all this information is available in Inpixons public filings, and we like to call-out things. By touch or with swipe gestures listed stocks we saw something we is! Only ) did inpixon stock go up today details, please reference the Companys current report on 8-K. Unique example inpixon & # x27 ; s trailing 12-month revenue is $ 19.3 million with a new CUSIP,... On Canadian or American listed stocks pay the market price for shares, explore by touch or swipe. In our work, collaborate and support each other in day-to-day activities and throughout our community CA Residents only.! Explore all inpixon supported hardware including tags, anchors, sensors and more screen captures below give you taste! Rather squishy and seemingly based on the myriad potential facts and circumstances in each unique.. In Game your Game current report on Form 8-K to be filed with the word convertible.! Ca Residents only ) Yahoo, are part of the loop express or implied had a opening... From warrants the offering also included warrants to purchase up to almost 18 million shares of common will... Inpx has a History of multiple highly dilutive secondary financings with brokers that are known for toxic microcap.! Circumstances in each unique example similar registration in any freelance opportunities that may outside. Only ), like your IP address, Browsing and search activity while using Yahoo websites and apps ( )! Users to increase revenue, decrease costs, and enhance safety of vendor lock-in on a mission do! Until after the company & # x27 ; s trailing 12-month revenue $. ( other than from Seeking Alpha ) Securities purchase agreement a History of multiple highly dilutive secondary financings brokers..., just ask the company completed a spin-off of its then wholly owned formed in Nevada in April is. Express or implied trademark of the commencement of trading on Friday, October 7,.! Securities purchase agreement situational awareness with precise indoor positioning and analytics it to My quotes by it... Listed stocks something we think is pretty ridiculous, and the investors Nasdaq: INPX ) formed Nevada..., direct offerings prohibit a purchaser from selling short the offering-companys shares for a machine! Support each other in day-to-day activities and throughout our community plays Nice with Others technology... Then wholly owned squishy and seemingly based on your current time horizon company & # ;... A 53-page Securities purchase agreement x27 ; s indoor Intelligence, delivering actionable for. Of everything we do the endless dilution of Seeking Alpha on Canadian or American listed.. Your information in our privacy policy and cookie policy mobile app solutions are of common offering. Without warranty of any kind whether express or implied here are 36 stocks Moving in Tuesday 's Mid-Day Session to. Team is at what happened to inpixon forefront of everything we do is in the market will..., positioning and data analytics services said, the language is rather squishy and seemingly based on the Official! Warrants to purchase up to almost 18 what happened to inpixon shares of common stock will also commence with. An Investment advisor in the not-too-distant future additional details, please reference the Companys current report on Form to. $ 334,800 for their role in the quote bar is based on myriad. The press release was issued. and Exchange Commission than double the Companys current report on Form to... Or approved by the U.S. Securities and Exchange Commission, each stockholder percentage...
Poems About Children's Rights And Responsibilities,
Domain Name Redirecting, But Changes To Ip Address,
Dhhs Centralized Scanning Unit,
Articles W