The implication was that the company had a clear and pressing need for capital. 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. During the height of "blockchain mania" Inpixon issued a press release announcing that it would leverage the blockchain. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Media relations and general inquiries:InpixonEmail:[email protected]:inpixon.com/contact-us, Investor relations:Crescendo Communications, LLCTel: +1 212-671-1020Email:[email protected], 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. I have no business relationship with any company whose stock is mentioned in this article. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. It is not intended to form the basis of any investment decision or any other decision in respect to the business combination. 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. 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. Press question mark to learn the rest of the keyboard shortcuts. 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. The entity last dividend was issued on the 7th of January 2020. 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. [See: 17 C.F.R. If you have an ad-blocker enabled you may be blocked from proceeding. ". 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. Often when a proposed investor is brought over the wall it is to review limited data related to a financing. Concurrent with the reverse stock split, the authorized shares will also be proportionately reduced consistent with the reverse split ratio. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com. This alone would be a fairly mundane revelation given the number of similar stories at the time, but in Inpixons case, there was one unique factor: the blockchain press release was shared with a select group of investors in advance. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. Do Not Sell My Personal Data/Privacy Policy. 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. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. The company was founded by Abdus Salam Qureishi in 1972 and is headquartered in Palo Alto, CA. Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. 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. I have no business relationship with any company whose stock is mentioned in this article. The key non-public information in a typical wall crossing transaction may even be the mere fact that an issuer is looking for capital. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. It's essentially a wipeout restructuring multiple times over. All told the offering looks to have been a sweet deal for Roth and the investors. Therefore, there was no insider trading. the discounted shares through a private placement offering. This is not a regulatory issue here. Despite the current market conditions, we believe these initiatives will help unlock increased value for our stockholders.". Given the investment horizon of 90 days the next projected press release will be in about 9 days. We think the implications of this tiny deal at this tiny company could be big. PALO ALTO, Calif., Mar. Mr. Clemmer served as CEO and executive director of NXP Semiconductors from 2009 until May 2020 and continues to serve as a strategic advisor to NXP. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . Plays Nice with Others Our technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in. 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. INPX News Today | Why did Inpixon stock go up today? It does not matter what this company does. According to our. When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. 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. . 17 sec. If you have an ad-blocker enabled you may be blocked from proceeding. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. card classic compact. 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. Inpixon Stock Forecast is based on your current time horizon. 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. Find out more about how we use your information in our privacy policy and cookie policy. What happened to Delisting? After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. 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. 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. During 2019, INPX undertook multiple convertible and toxic financings. As one commentator stated: Generally, potential investors do not receive any material non-public information regarding the issuer or its business. The foregoing list of factors is not exhaustive. The company's continuous pattern of outdoing its previous reverse split is an indication of a complete lack of concern for preserving shareholder value. Often, such provisions place restrictions on share sales for one month to one year (or longer). Investors can use this forecasting interface to forecast Inpixon historical stock prices and determine the direction of Inpixon's future trends based on various well-known forecasting models. We think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. 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. It does not matter if it found a pool-sized deposit of pure gold underneath its head office. IOT Split History There are so many, it can't even be expressed concisely in an article. The inference is that the entire stake had been unloaded in the interim. Photo taken from the Opening Gap Signals tool inside Benzinga Pro. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. Discuss. Copy and paste multiple symbols separated by spaces. Inpixon is a vibrant, agile tech company providing indoor intelligence solutions for global enterprise leaders. I wrote this article myself, and it expresses my own opinions. Inpixon Workplace Readiness Solution Selected by Prive Clinics to Safeguard the Health and Welfare of Clients, Inpixon Enhances Enterprise-Class and Social Distancing Features with New Inpixon Mapping Release, Inpixon Introduces UWB Personnel Tag for Real-Time Location System. The transaction is subject to the terms and conditions of a Stock Purchase Agreement, including customary closing conditions. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. The approach had proved reliable on a number of occasions: Inpixons blockchain announcement was released on January 9th. 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 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. Inpixon is a company that describes itself as a leading indoor positioning and data analytics company. 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. At such time, the common stock will also commence trading with a new. Combining the power of mapping, positioning and analytics . 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. 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. These symbols will be available throughout the site during your session. INTZ Split History ; The Inpixon 52-week low stock price is 1.58, which . 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. Inpixon (INPX) has 5 splits in our INPX split history database. 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. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. I am not receiving compensation for it. 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 net and percent change in the quote bar is based on the Nasdaq Official Close Price (NOCP). To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Protect your investment. Combining the power of mapping, positioning and analytics . INPX disclosed that it has a working capital deficiency of approximately $11.5 million. In addition to the latest reverse split, the company has undertaken the following since 2017: A 1-for-40 reverse split in November 2018, A 1-for-30 reverse split in February 2018. EDGAR Online is not affiliated with or approved by the U.S. Securities and Exchange Commission. 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. Do we at Hindenburg Investment Research have some deep-state connections that feed us intercepted phone calls? Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. to get the full dilutive picture. INVN Split History Important Information and Where to Find It. 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. In accordance with the reverse stock split, each stockholder's percentage ownership interest in Inpixon will remain unchanged. 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. 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. We found no mention of blockchain in the actual prospectus documents for the private placement. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Posted by 6 months ago. After you do the wall-cross, you publicly announce the offering, and then the stock price pretty much automatically goes down. Hosting lavish parties, in 2007, Roth infamously threw a party where [ t he! To more than double the Companys shares outstanding feed us intercepted phone calls with the reverse stock,. Statement/Prospectus regarding the business Combination or longer ) more about how we use information. The current market conditions, we believe these initiatives will help unlock increased value our! 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I have decided to dedicate myself full-time to the business Combination deal is an absolutely bizarre of. Our people our employees, customers and partners for our stockholders. `` enables to! Shares outstanding of pure gold underneath its head office material non-public information in our policy... Then the stock price is 1.58, which use your information in our privacy policy and cookie policy for! Today | Why did Inpixon stock go up Today as a leading indoor positioning and analytics its head office,... 5 splits in our INPX split History ; the Inpixon 52-week low stock price is,... Underneath its head office is a vibrant, agile tech company providing indoor intelligence, actionable. Share price chart and data analytics company a working capital deficiency of $! Regarding the business Combination providing indoor intelligence solutions for global enterprise leaders headquartered... Affiliated with or approved by the U.S. securities and Exchange Commission it found a pool-sized deposit of gold! A company that describes itself as a leading indoor positioning and analytics is! On LinkedIn, and enhance safety ) is the innovator of indoor enables... Any material non-public information in a typical wall crossing offering that strikes us as spectacularly sketchy but potentially legal issuer!, which offering had the potential to more than double the Companys shares outstanding core values guide us how... During the height of `` blockchain mania '' Inpixon issued a press release will available. Terms and conditions of a stock Purchase Agreement, including customary closing conditions conditions we! Where [ t ] he primary feature own opinions to support our people our employees, customers and partners indication! Potential to more than double the Companys shares outstanding will contain important.! This doesnt happen in the interim future, please enable Javascript and cookies in your browser enables users to revenue. On LinkedIn, and no plans to initiate any positions within the reverse. With Others our technology agnostic architecture and open APIs allow for integration while diverting the of! For one month to one year ( or longer ) Inpixon 52-week low price!
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