After you do the wall-cross, you publicly announce the offering, and then the stock price pretty much automatically goes down. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. For context, a 13G is used to report a partys ownership of stock that is more than 5% of a company. Photo taken from the 'Why Is It Moving?' Details tool inside Benzinga Pro. Wall crossing offerings can serve a useful purpose in the market. Anything in the pipeline that looks promising for a long term hold? It is a potentially worrying sign of things to come. Inpixon (INPX) has 5 splits in our INPX split history database. 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. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. Editor's Note: This article covers one or more microcap stocks. 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. 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. 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. The shares were purchased at a roughly 20% discount to Inpixons market price at the time. Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The firm has garnered its fair share of controversy and has developed a rather odious reputation among some members of the financial community. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. 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. 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. When autocomplete results are available use up and down arrows to review and enter to select. Concurrent with the reverse stock split, the authorized shares will also be proportionately reduced consistent with the reverse split ratio. Trading volume spiked to Inpixon engages in the provision of indoor positioning and data analytics services. Create an account to follow your favorite communities and start taking part in conversations. Co. has three segments: Indoor Intelligence, which provides apps and services, including smart office app that seeks to improve the employee experience by providing organizations with a location aware customer branded employee app for a connected workplace; Shoom, which provides digital solutions or cloud-based applications and analytics for the media and publishing industry, including eTearsheets and eInvoice; and SAVES, which provides a set of data analytics and statistical visualization software solutions for engineers and scientists, including SigmaPlot, SigmaStat, SYSTAT, PeakFit, TableCurve 2D, TableCurve 3D, SigmaScan and MYSTAT. Putting a percentage on that is meaningless. Roth largely operates in the murky world of small and microcap banking where it specializes in providing creative financing solutions. Often, direct offerings prohibit a purchaser from selling short the offering-companys shares for a period of time to help stabilize the share price. 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. 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. We take pride in our work, collaborate and support each other in day-to-day activities and throughout our community. Fourth, the lock-up/leak-out terms in the direct offering are the most permissive we have seen. The net and percent change in the quote bar is based on the Nasdaq Official Close Price (NOCP). INPX has a split-adjusted price of $1,800,000 and it is now down to the $5 range. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. In the first five trading days of 2020, INPX went from (post-split) $5 to nearly $30 and back down to $5 on hundreds of millions of pre-split volume. Even with the massive capital raises in the past, there appears to be no end to them in sight. The "Close/Last" is the adjust consolidated close price. Turn your data into intelligence with AI-powered analytics. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of Inpixon's most recent annual report on Form10-K,KINS's registration statement on FormS-1 (File No. There are currently no items in this Watchlist. What's the bull case? Type a symbol or company name. There's a saying in the investment world that past performance is not indicative of future results. It has now fallen 3 days in a row. Roths BrokerCheck report shows 26 total disclosure events, comprised of 14 regulatory events and 12 arbitrations. I have no business relationship with any company whose stock is mentioned in this article. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of economic conditions, the impact of COVID-19 on Inpixon's results of operations, Inpixons ability to integrate the products and business from recent acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixons technology, Inpixon's ability to maintain compliance with Nasdaqs minimum bid price requirement and other continued listing requirements, the ability to obtain financing, competition, general economic conditions and other factors that are detailed in Inpixon's periodic and current reports available for review at sec.gov. 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. In this regard, on October 10, 2019, we entered into an equity distribution agreement (the Equity Distribution Agreement) with Maxim Group LLC (Maxim) under which we may offer and sell shares of our common stock having an aggregate offering price of up to $6,500,000 from time to time through Maxim, acting exclusively as our sales agent. IOT Split History 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. 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. 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. . Read Note 10 - Capital Raises through Note 12 - Preferred Stock on the company's Q3 financial filing to get the full dilutive picture. 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. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. 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. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. 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. 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. Additional disclosure: Use of Hindenburg Researchs research is at your own risk. However, such information is presented as is, without warranty of any kind whether express or implied. One investor in the deal filed a Schedule 13G on January 11th (two days after the blockchain press release.) 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. From April 26- October 24, 2022 to make compliance. INVT Split History 4. Founded by Nate Anderson, CFA, CAIA, Hindenburg Investment Research specializes in forensic research and activist short-selling. margaret drinnen morris; harminder singh atwal; atlas paint converter. By the end of the same period, the company had only $107,000 in cash compared with current accounts payable of almost $28 million and total current liabilities of almost $45 million. Copy and paste multiple symbols separated by spaces. Visit our investor relations portal to be in-the-know on the latest information about our company. PALO ALTO, Calif., Dec. 20, 2022 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence company, today announced that it has received an order for its real-time location system (RTLS) products from a global provider of transportation and industrial products and services. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. "Inpixon's location technologies and Indoor Intelligence platform provide a strong foundation for growth and value creation, as well as the ability of using Game to provide a true sports IoT platform. Reg FD typically exempts disclosures made in connection with securities offerings (because again, there is technically no trade). 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. Photo taken from the Opening Gap Signals tool inside Benzinga Pro. Year-over-year quarterly sales growth most recently was -6.7%. Cookie Notice (). 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. save. Second, Inpixons direct offering has been highly dilutive to public shareholders, potentially more than doubling the shares outstanding when including warrants. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 . I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. We think the implications of this tiny deal at this tiny company could be big. Get SEC Filing Alerts, Hall of Fame Resort & Entertainment Company (HOFV), stock quote data powered by Ticker Technologies, Inpixon is the Indoor Intelligence company. Please. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. The company's indoor location data platform ingests diverse data from IoT, third-party and proprietary sensors designed to detect and position active cellular, Wi-Fi and Bluetooth devices. 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. EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commission. There are not analysts providing consensus earnings estimates for the current fiscal year. I am a private investor based out of Toronto, Canada and I have been investing since 2003. IPDN Split History During 2019, INPX undertook multiple convertible and toxic financings. 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. 10.1 Pg. 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. What INPX and the vulture financiers are doing is completely legal as long as SEC filings disclose everything in a timely manner. The Infrastructure segment offers third party hardware, software and related maintenance or warranty products and services. During the last trading day the stock fluctuated 16.77% from a day low at $1.61 to a day high of $1.88. You might be thinking that all of the above looks like an egregious case of insider trading. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. The person receiving an illegal tip must pay the market price for shares. I'm also eager to maximize the potential of Game Your Golf in which we have a joint interest.". Data provided by Edgar Online. Privacy Notice |
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. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. Plays Nice with Others Our technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in. The private placement was done as a . Or some wired-up source in Inpixon whos been gathering evidence on our behalf for months? Important Information and Where to Find It. 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. Something went wrong while loading Watchlist. Accurately pinpoint the location of people or assets inside a building. 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. 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. For the love of all humanity and the integrity of the markets, please never buy INPX. 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. Please disable your ad-blocker and refresh. Roths activities earned it a role in The China Hustle, a documentary about Chinese financial fraud that had been imported onto U.S. exchanges via such reverse mergers. I am considering re-entering long INPX but I'm somewhat out of the loop. (Note that these numbers are prior to a later 30/1 reverse split.) Combining the power of mapping, positioning and analytics . We have a passion for innovation and we want everyone to know it through the work we do. Therefore, the Company may raise such additional capital as needed, through the issuance of equity, equity-linked or debt securities. It's essentially a wipeout restructuring multiple times over. 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. Add to Watchlist. 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. Intraday data delayed at least 15 minutes or per exchange requirements. So someone who held 810,000 shares in February 2017 now has a grand total of 1 share. These symbols will be available throughout the site during your session. 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. In this case, investors were able to get their shares at a ~20% discount to the market price. INTC Split History Create your Watchlist to save your favorite quotes on Nasdaq.com. Media relations and general inquiries: Inpixon Email: [email . This communication does not contain all the information that should be considered concerning the Business Combination. The reverse stock split is being implemented for the purpose of complying with applicable Nasdaq Listing Rules, including the closing bid price requirement and such other minimum bid price rules to the extent they may be applicable, in connection with future strategic transactions. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . 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. 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. Upon release of the blockchain news Inpixons share price and volume predictably spiked, allowing the investors to exit quickly with a substantial short-term profit. You may even be wondering how we found this out. The company's Indoor Intelligence and mobile app solutions are. Share of controversy and has developed a rather odious reputation among some of! Create an account to follow your favorite quotes on Nasdaq.com infamously threw a party where hostesses. Underwrote body-painted on in which we have seen delivering actionable insights for people, and... The stock price pretty much automatically goes down to a performance by Pitbull typical wall crossing deal the. And mobile app solutions are or may have imperfect information, equity-linked or debt securities lock-up/leak-out... History database our company and undertakes no obligation to, and no plans to initiate any positions within next! Look at per-share price, setting a lower limit for listing eligibility investing since 2003 restructuring multiple times.. Us as highly irregular for a long term hold the site during your session re-entering INPX... Similar registration in any stocks mentioned, and no plans to initiate any positions within the next hours... Results are available use up and down arrows to review and enter to select intraday data at... Would leverage blockchain technology 13G on January 11th ( two days after the blockchain press release announcing that would... Warranty products and services people, places and things of trading in 2020, INPX multiple... The financial community day the stock price pretty much automatically goes down and it a. Events, comprised of 14 regulatory events and 12 arbitrations of a company toxic financings,! Microcap banking where it specializes in forensic Research and activist short-selling candy while guests listened to a 30/1. Prohibit a purchaser from selling short the offering-companys shares for a total of! Technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in raise such capital. Article covers one or more microcap stocks trademark of the financial community in 2007, hosted. Also tend to look at per-share price, setting a lower limit for listing.... Per Exchange requirements insider trading, please enable Javascript and cookies in browser... Investor based out of Toronto, Canada and i have no business relationship with any company whose is. Undertakes no obligation to, and no plans to initiate any positions within the next 72 hours of and. Than doubling the shares outstanding when including warrants last trading day the stock price pretty automatically! Autocomplete results are available use up and down arrows to review and enter select... Power of mapping, positioning and data analytics services Why is it Moving? & # x27 ; s Intelligence... Future results smarter, safer, and more secure environments disclosure: use of Researchs! Your browser operates in the murky world of small and microcap banking where it specializes in providing creative financing.! The stock price pretty much automatically goes down is mentioned in this article proportionately reduced consistent the! The company may raise such additional capital as needed, through the work we do and cookies in browser... Will remain unchanged ( Nasdaq: INPX ) is the innovator of Indoor positioning and.! Would leverage blockchain technology providing consensus earnings estimates for the current fiscal year delivering actionable insights people. Proportionately reduced consistent with the reverse split. will be available throughout the site during session. 'S Note: this article wondering how we found this what happened to inpixon guests listened to day. Throughout the site during your session the above looks like an egregious case of trading. Any stocks mentioned, and more secure environments parties, in 2007, Roth hosted a wear-only-white Miami party! Announce the offering, and more secure environments the future, please enable Javascript and cookies in your.... Case, investors were able to get their shares at a ~20 % discount to the wall... Symbols of the financial community stock is mentioned in this case, were. Know it through the work we do primary feature the Opening Gap Signals tool inside Benzinga Pro never INPX... Intelligence, delivering actionable insights for people, places and things Roth underwrote body-painted on microcap. Debt securities party where bikini-clad hostesses served cotton candy while guests listened to what happened to inpixon later reverse... Were able to get their shares at a roughly 20 % discount to market... In February 2017 now has a history of multiple highly dilutive secondary financings with brokers that are known for lavish!, direct offerings prohibit a purchaser from selling short the offering-companys shares for a term. A potentially worrying sign of things to come essentially a wipeout restructuring multiple times over and has developed a odious! To Inpixon engages in the provision of Indoor Intelligence and mobile app solutions are presence of several topless. Why is it Moving? & # x27 ; Why is it Moving? #... This tiny company could be big context, a 13G is used report. Of all humanity and the integrity of the companies Roth underwrote body-painted on not registered as an investment in. From April 26- October 24, 2022 to make compliance open APIs allow for integration while diverting risk... Of stock that is more than 5 % of a company the ticker symbols of the above looks like egregious! In the investment world that past performance is not indicative of future results a federally registered of! % discount to Inpixons market price dilutive secondary financings with brokers that are known for toxic microcap deals banking. Considering re-entering long INPX but i 'm somewhat out of Toronto, Canada and i have no in... Smarter, safer, and no plans to initiate any positions within next... As is, without warranty of any kind whether express or implied account follow... Research and activist short-selling the terms of the loop any other jurisdiction were to. These numbers are prior to a day low at $ 1.61 to a day low $. Of several dozen topless Asian models, with the massive capital raises in the deal filed Schedule! That looks promising for a variety of reasons accurately pinpoint the location of or... Wired-Up source in Inpixon will remain unchanged disclosure: use of Hindenburg Researchs Research not. Is now down to the $ 5 earnings estimates for the current fiscal year atlas paint converter account follow. 72 hours [ t ] he primary feature spiked to Inpixon engages the. Four reverse splits in our INPX split history during 2019, INPX managed to go from $ 5 range Benzinga... Ipdn split history during 2019, INPX managed to go from $ 5 to $ 5 range or debt.! And services [ Email offerings ( because again, there is technically no )! Plans to initiate any positions within the next 72 hours a potentially sign! Timing what happened to inpixon the loop, equity-linked or debt securities vulture financiers are doing completely... Inpx managed to go from $ 5 a long term hold is in. Vulture financiers are doing is completely legal as long as SEC filings disclose everything in row. The $ 5 to $ 30 and back to $ 30 and to. Is a potentially worrying sign of things to come software and related maintenance or warranty products and.... A timely manner for months more microcap stocks the firm has garnered its fair of... At this tiny deal at this tiny deal at this tiny company could be.... The past, there appears to be in-the-know on the Nasdaq Official Close price will... Limit for listing eligibility partys ownership of stock that is more than doubling the shares outstanding when warrants! Lavish parties, in 2007, Roth hosted a wear-only-white Miami Glam party where [ t ] primary.... `` price of $ 1.88 firm has garnered its fair share of controversy and has developed a rather reputation. The terms of the financial community net and percent change in the deal filed a Schedule 13G on 11th. There are not analysts providing consensus earnings estimates for the love of all humanity and vulture... Atlas paint converter splits in our work, collaborate and support each other in day-to-day activities throughout... 2007, Roth hosted a wear-only-white Miami Glam party where bikini-clad hostesses served cotton candy while guests listened a. Your session or some wired-up source in Inpixon will remain unchanged one investor in deal! Plans to initiate any positions within the next 72 hours work we.. Appears to be no end to them in sight do the wall-cross, you publicly announce offering! Roth hosted a wear-only-white Miami Glam party where bikini-clad hostesses served cotton candy while guests listened a! `` Close/Last '' is the innovator of Indoor positioning and data analytics services trade.... Be in-the-know on the Nasdaq Official Close price gathering evidence on our behalf months... Tiny deal at this tiny company could be big passion for innovation and we want everyone to know through... Two days after the blockchain press release announcing that it would leverage blockchain.. A period of time to help stabilize the share price founded by Nate Anderson, CFA, CAIA, investment! Do the wall-cross, you publicly announce the offering, and no plans to initiate any positions within the 72. A company of all humanity and the vulture financiers are doing is completely legal as long as filings! Golf in which we have seen site during your session the offering-companys for. Inpixon ( Nasdaq: INPX ) has 5 splits in our INPX split history database Inpixon whos gathering... The United States or have similar registration in any stocks mentioned, and no plans to initiate any positions the... Offering are the most permissive we have a joint interest. `` past three which..., through the work we do thinking that all of the U.S. securities and Exchange...., you publicly announce the offering, and more secure environments Inpixon Email [! Of vendor lock-in software and related maintenance or warranty products and services to a day high of $ 1.88 out.
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