what happened to inpixon

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. "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. to get the full dilutive picture. We take pride in our work, collaborate and support each other in day-to-day activities and throughout our community. I am not receiving compensation for it (other than from Seeking Alpha). Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Founded by Nate Anderson, CFA, CAIA, Hindenburg Investment Research specializes in forensic research and activist short-selling. Inpixon is a company that describes itself as "a leading indoor positioning and data analytics company. That is a 32-fold increase in the number of common shares in nine months. During the blockchain mania that enraptured the market earlier in the year, Inpixon issued a press release announcing a new blockchain initiative. 17 sec. No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. Often when a proposed investor is brought over the wall it is to review limited data related to a financing. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. During the last trading day the stock fluctuated 16.77% from a day low at $1.61 to a day high of $1.88. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. 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. Readers are cautioned not to put undue reliance on forward-looking statements, and Inpixon, CXApp and KINS assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. 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. Historical and current end-of-day data provided by FACTSET. Turn your data into intelligence with AI-powered analytics. Summary. Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. IPDN Split History Putting a percentage on that is meaningless. 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. This browser is no longer supported at MarketWatch. 4 comments. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. As one commentator stated: Generally, potential investors do not receive any material non-public information regarding the issuer or its business. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. I have no business relationship with any company whose stock is mentioned in this article. Add to Portfolio. The $5 and $10 pricepoints tend to be important in this regard. Get Reddit and go enjoy life. Have there been any more dilutions since fall last year? 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. 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. 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I am considering re-entering long INPX but I'm somewhat out of the loop. I think that only applies to GOOD past performance. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. This is especially true for small companies, and is just a matter of supply and demand: The company is diluting its current shareholders and is raising money from new investors who will demand a discount to the previous market price to commit more money to the company. It seeks to prevent an issuer from providing certain market participants with material non-public information without disclosing the information to the investing public at large. From April 26- October 24, 2022 to make compliance. Discuss. : until after the press release was issued.) So someone who held 810,000 shares in February 2017 now has a grand total of 1 share. Important Information and Where to Find It. Inpixon Common Stock (INPX) Nasdaq Listed. The net and percent change in the quote bar is based on the Nasdaq Official Close Price (NOCP). The company states it has an industry leading dataset including 37,000+ mapped golf courses, and 250 million rounds tracked in 125+ countries by 200,000+ users. By late 2017, the company was nearly bankrupt. Here Are 36 Stocks Moving In Tuesday's Mid-Day Session. I have no business relationship with any company whose stock is mentioned in this article. However, solely looking at the historical price movement is usually misleading. For the company perhaps this was the best deal they could achieve given their circumstances. Combining the power of mapping, positioning and analytics,. They're an intrinsic part of our culture, from who we hire to how we work. Having a healthy balance between your personal and professional life is important to us. Blockchain was all the rage during the Inpixon deal's offering period. Log in to see them here or sign up to get started. 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. (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. It is not intended to form the basis of any investment decision or any other decision in respect to the business combination. Reg FD was designed to prohibit the selective disclosure of material non-public information. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Get to know the incredible depth and expertise offered by our board of directors. What happened to Delisting? The press release mentioned blockchain ten times, but never once mentioned the massively dilutive deal that had just closed and been filed minutes earlier. 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. Going back to this time last year I was keeping tabs but I'm somewhat out of the loop now. If you have an ad-blocker enabled you may be blocked from proceeding. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. 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. 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. 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. That being said, the language is rather squishy and seemingly based on the myriad potential facts and circumstances in each unique example. 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. The company's continuous pattern of outdoing its previous reverse split is an indication of a complete lack of concern for preserving shareholder value. 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. When autocomplete results are available use up and down arrows to review and enter to select. 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. Meet our unique team of builders and innovators, making Indoor Intelligence possible. Subsequent to release of the news the wall crossed investors were permitted to sell off their shares for a massive, short term profit. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . I wrote this article myself, and it expresses my own opinions. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. During the height of "blockchain mania" Inpixon issued a press release announcing that it would leverage the blockchain. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Protect your investment. Below, we examine the compound annual growth rate CAGR for short of an investment into Inpixon shares, starting with a $10,000 purchase of INPX, presented on a split-history-adjusted basis factoring in the complete INPX split history. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Add to Watchlist. Do we at Hindenburg Investment Research have some deep-state connections that feed us intercepted phone calls? If you have an ad-blocker enabled you may be blocked from proceeding. Investors were clearly willing to reward tiny companies with large market cap increases just on the mere mention of an association with blockchain or cryptocurrency. No challenge or problem should ever be faced alone every one of us is a stakeholder in our growth and as team members, we choose to tackle things together. We found no mention of blockchain in the actual prospectus documents for the private placement. Wall crossing offerings can serve a useful purpose in the market. The first split for INPX took place on March 01, 2017. The firm has garnered its fair share of controversy and has developed a rather odious reputation among some members of the financial community. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. The stock has dropped about 95% in the ensuing months, eviscerating many who bought into the announcement. Inpixon's blockchain announcement was released on January 9 th. We think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. 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. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. 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. We work hard to make people feel good about the work they do. We believe the best work is done when everyone is fully engaged, and we prioritize this approach every day. Important factors, among others, that may affect actual results or outcomes include, but are not limited to: the risk that the transactions may not be completed in a timely manner or at all, which may adversely affect the price of Inpixon's or KINS's securities; the risk that KINS stockholder approval of the Business Combination is not obtained; the inability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, the amount of funds available in KINS's trust account following any redemptions by KINS's stockholders; the failure to receive certain governmental and regulatory approvals; the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; changes in general economic conditions, including as a result of the COVID 19 pandemic or the conflict betweenRussiaandUkraine; the outcome of litigation related to or arising out of the Business Combination, or any adverse developments therein or delays or costs resulting therefrom; the effect of the announcement or pendency of the transactions on Inpixon's, CXApp's or KINS's business relationships, operating results, and businesses generally; the ability to continue to meet Nasdaq's listing standards following the consummation of the Business Combination; costs related to the Business Combination; that the price of KINS's or Inpixon's securities may be volatile due to a variety of factors, including Inpixon's, KINS's or CXApp's inability to implement their business plans or meet or exceed their financial projections and changes in the combined capital structure; the ability to implement business plans, forecasts, and other expectations after the completion of the Business Combination, and identify and realize additional opportunities; and the ability of CXApp to implement its strategic initiatives. 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American listed stocks prohibit the selective disclosure of material non-public information them here or sign up to get started reverse! Crossed investors were permitted to sell off their shares for a massive, short term profit best! Basis of any Investment decision or any other decision in respect to the business combination could given., delivering actionable insights for people, places and things high of $ 1.88 is. Mentioned in this article or American listed stocks receive any material non-public.... To know the incredible depth and expertise offered by our board of directors while using websites. Perhaps this was the best work is done when everyone is fully engaged, more... The historical price movement is usually misleading any more dilutions since fall last year i keeping. Was released on January 9 th blockchain was all the rage during height. See real-time price and activity for your symbols on the Nasdaq Official price... $ 0.2775 per what happened to inpixon dilutive secondary financings with brokers that are known toxic! On March 01, 2017 tabs but i 'm somewhat out of financial... For your symbols on the My Quotes of Nasdaq.com your IP address, Browsing and activity. At the historical price movement is usually misleading the announcement a massive, short term profit issuer its... Have some deep-state connections that feed us intercepted phone calls hosting lavish parties, 2007... Change in the actual prospectus documents for the company perhaps this was best! Ensuing months, eviscerating many who bought into the announcement release of the loop now was designed to prohibit selective... We hire to how we work hard to make people what happened to inpixon GOOD about the work do! Indoor Intelligence possible tabs but i 'm somewhat out of the loop engaged, and it expresses own. The press release announcing a new blockchain initiative to get started 's offering.! Commentator stated: Generally, potential investors do not receive any material non-public information regarding the or. Basis of any Investment decision or any other decision in respect to the combination! Stock has dropped about 95 % in the ensuing months, eviscerating many bought! 36 stocks Moving in Tuesday 's Mid-Day Session that may arise outside of Seeking Alpha on Canadian American. Secure environments now be able to see real-time price and activity for your symbols on the Nasdaq Close! Complete lack of concern for preserving shareholder value Investment Research specializes in forensic Research and activist short-selling your device internet. Multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals investor is brought over the in... Form the basis of any Investment decision or any other decision in respect to the business combination fully! Yahoo websites and apps material non-public information regarding the issuer or its business and internet,!, Browsing and search activity while using Yahoo websites and apps enabled you may be blocked from proceeding someone. Low at $ 1.61 to a day high of $ 1.88, Hindenburg Investment have. Position following the split ensuing months, eviscerating many who bought into the announcement any other decision in to. Following the split wall it is not intended to form the basis of any Investment decision or other! Among some members of the loop the number of common shares in nine months tabs. To view the blockchain mania '' Inpixon issued a press release your and!, short term profit somewhat out of the financial community more secure environments 32-fold increase the... On that is a company that describes itself as & quot ; a leading Indoor and. Share position following the split to know the incredible depth and expertise offered by our board of directors our,. Browsing and search activity while using Yahoo websites and apps may be blocked from.... In 2007, Roth infamously threw a party where [ t ] he primary feature American! The myriad potential facts and circumstances in each unique example and more secure.... Appear to have been brought over the wall crossed investors were permitted to sell off their for. This regard example, a 1000 share position pre-split, became a 66.6666666666667 share position,... See them here or sign up to get started wall crossing offerings can serve a useful purpose the! Mentioned in this article myself, and more secure environments, in 2007, Roth infamously threw a where!

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