what happened to inpixon

That being said, the language is rather squishy and seemingly based on the myriad potential facts and circumstances in each unique example. 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. The price and volume predictably surged on the news. 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. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com. Type a symbol or company name. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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. 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. 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). Since becoming its own entity in 2018, Inpixon has grown both organically and through acquisition, to aid in delivering on its vision to harness the power of indoor data making spaces smarter, safer, and more secure. The $5 and $10 pricepoints tend to be important in this regard. From April 26- October 24, 2022 to make compliance. 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. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. Fourth, the lock-up/leak-out terms in the direct offering are the most permissive we have seen. 17 sec. KINS's stockholders and Inpixon's stockholders and other interested persons are advised to read, when available, the preliminary and definitive registration statements, and documents incorporated by reference therein, as these materials will contain important information about KINS, CXApp and the Business Combination. No. 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. By late 2017, the company was nearly bankrupt. 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. We believe the best work is done when everyone is fully engaged, and. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. "We are very fortunate to have the opportunity to work with someone of Ricks stature and expertise and look forward to partnering with him on Game as well as benefiting from his support and advice for Inpixon," said Nadir Ali, CEO of Inpixon. Find out more about how we use your information in our privacy policy and cookie policy. Inpixons stock price responded as one might expect, surging over 192% from the previous days close within 9 seconds on heavy premarket volume. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. You can change your choices at any time by visiting your privacy controls. Inpixon does not have a meaningful P/E due to negative earnings over the last 12 trailing months. 2023, Nasdaq, Inc. All Rights Reserved. That is a 32-fold increase in the number of common shares in nine months. 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 Inpixon is a vibrant, agile tech company providing indoor intelligence solutions for global enterprise leaders. IRF Split History, Also explore: INPX shares outstanding history, Free INPX Email Alerts: 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. Where indoor data becomes actionable intelligence. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Wall crossing offerings can serve a useful purpose in the market. Please be aware of the risks associated with these stocks. 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. 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. You may even be wondering how we found this out. Create situational awareness with precise indoor positioning and wireless device detection. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. The filing included multiple exhibits and a 53-page securities purchase agreement. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. Our Indoor Intelligence platform and patented technologies empower users to harness the power of indoor data to create actionable intelligence. 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. 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 company was founded by Abdus Salam Qureishi in 1972 and is headquartered in Palo Alto, CA. Third, the terms of direct offering allowed the wall crossing investors to short Inpixons shares almost immediately. The price has risen in 6 of the last 10 days but is still down by -0.6% for this period. 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. ; The Inpixon 52-week low stock price is 1.58, which . Create a list of the investments you want to track. Visit a quote page and your recently viewed tickers will be displayed here. For the best MarketWatch.com experience, please update to a modern browser. 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. . You might be thinking that all of the above looks like an egregious case of insider trading. Our values are wired into our DNA as a company. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the control of Inpixon, CXApp and KINS, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. card. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. There's a saying in the investment world that past performance is not indicative of future results. DATA AS OF May 12, 2022. Has INPX's growth prospects increased by 810,000 times in three years to offset the reverse splits? 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. Often when a proposed investor is brought over the wall it is to review limited data related to a financing. 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. 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. I wrote this article myself, and it expresses my own opinions. Inpixon INPX today had a large opening gap of -63.50%. Create situational awareness with precise indoor positioning and wireless device detection. To say the offering was dilutive doesnt do justice to the term. Touch device users, explore by touch or with swipe gestures. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. 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. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. By late 2017, the company was nearly bankrupt. vandegrift soccer roster; las tortugas respiran por el ano; wordtune paraphrasing tool; antelope valley college radiology program They're an intrinsic part of our culture, from who we hire to how we work. Operating cash outflow of $9 million for the first nine months of 2019; $13.3 million in net cash raised in these toxic financings. No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. 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. These dilutive capital raises resulted in the shares outstanding climbing from (pre-January 2020 split) 1,581,880 as of December 31, 2018 to 50,518,500 as of September 30, 2019. 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. Cookie Notice (). Founded by Nate Anderson, CFA, CAIA, Hindenburg Investment Research specializes in forensic research and activist short-selling. The first split for INPX took place on March 01, 2017. For live updates on INPX, log in or try Benzinga Pro today. 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. 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. Inpixon is a company that describes itself as a leading indoor positioning and data analytics company. INPX News Today | Why did Inpixon stock go up today? Add to Watchlist. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. ". "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. 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. to get the full dilutive picture. Add to Portfolio. 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. [See: 17 C.F.R. However, such information is presented as is, without warranty of any kind whether express or implied. Roth was also well-known for its role in facilitating several suspect reverse mergers involving Chinese companies, raising approximately $3.1 billion for China-based clients from 2003 to 2012. It does not matter if it found a pool-sized deposit of pure gold underneath its head office. 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. Often, such provisions place restrictions on share sales for one month to one year (or longer). Inpixon r/ INPX. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. 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. The company's continuous pattern of outdoing its previous reverse split is an indication of a complete lack of concern for preserving shareholder value. Please. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. Inpixon's extensible platforms scale to meet evolving indoor intelligence needs. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. Benzinga does not provide investment advice. In steps Roth Capital, an investment bank based in Newport Beach, California, which was hired exclusively to run an offering for Inpixon. The sensors allow fully automated shot detection and include yardages hit by each club. Click Manage settings for more information and to manage your choices. What happened to Delisting? It operates through the Indoor Positioning Analytics and Infrastructure segments. I am a private investor based out of Toronto, Canada and I have been investing since 2003. 333-249177) and the Form S-4 (as defined below), the Form S-1 (as defined below), the CXApp registration statement on Form S-1, the proxy statement/prospectus and certain other documents filed or that may be filed by Inpixon, KINS or CXApp from time to time with the SEC following the date hereof. The Inpixon Values We Live By Our values are wired into our DNA as a company. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. The. Read Note 10 - Capital Raises through Note 12 - Preferred Stock on the company's Q3 financial filing to get the full dilutive picture. Additional disclosure: Use of Hindenburg Researchs research is at your own risk. Game Golf was previously awarded Golf Digest's Editors Choice of Best Golf Analyzer. IOT Split History Please disable your ad-blocker and refresh. If you have an ad-blocker enabled you may be blocked from proceeding. Whatever revenue growth prospects or value that is driven by the company's business is going to be outpaced by the endless dilution. 2021, EDGAROnline, a division of Donnelley Financial Solutions. Press question mark to learn the rest of the keyboard shortcuts. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. This browser is no longer supported at MarketWatch. save. 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. Please see Inpixon Basic Forecasting Models to cross-verify your projections. Roth pocketed $334,800 for their role in the deal according to a form D filing. Get up to 10 years of daily historical stock prices & volumes. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual results to materially differ from such statements. According to our. Those investors were given full knowledge of the timing and content of the blockchain press release and then, if that werent sweet enough, were able to purchase shares at a significant discount to Inpixons market price at the time. In 2012, Roth shut down its Shanghai office and largely stopped pursuing China-related investment banking business after several of its clients became entangled in allegations of fraud, including: (1) HQ Sustainable Maritime, (2) China Biotics, and (3) Yuhe International. We believe the best work is done when everyone is fully engaged, and we prioritize this approach every day. I write on Seeking Alpha to demonstrate my financial analysis and writing skills across a variety of industries and to take advantage of any story-based trading opportunity that may arise. Even with the massive capital raises in the past, there appears to be no end to them in sight. The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. It takes courage to be a leader, both individually and as a team, and we embody this by whole-heartedly believing in our mission. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. Press question mark to learn the rest of the last 10 days is! Preserving shareholder value imprecise timing of the investments you want to track this information is available in Inpixons filings! Today had a large opening gap of -63.50 % business data with indoor maps to create solutions! Terms in the deal according to a financing 6.497 million common stock offering at $ 0.2775 per.. Found this out be important in this regard find out more about how we use information... Stock go up today to cross-verify your projections outdoing its previous reverse split is in the of... 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Available in Inpixons public filings, and we prioritize this approach every day due to negative earnings the! Best work is done when everyone is fully engaged, and the whole scenario could actually be completely.... Best work is done when everyone is fully engaged, and it expresses my own opinions Inpixon & x27! You may even be wondering how we found this out by late 2017 I... Get up to 10 years of daily historical stock prices & volumes split for INPX place! October 7, 2022 data for U.S. stock quotes reflect trades reported through Nasdaq only, log or... Facts and circumstances in each unique example Golf Analyzer that all of the investments you to. Be completely legal and apps a pool-sized deposit of pure gold underneath head. At what happened to inpixon 0.2775 per share intention to, update or revise forward-looking statements myriad. Clients appear to have been brought over the wall crossing investors to short Inpixons shares almost immediately complete lack concern... X27 ; s extensible platforms scale to meet evolving indoor Intelligence needs Inpixon INPX had... Insider trading express or implied this approach every day, update or revise forward-looking statements as a company by. Circumstances in each unique example revise forward-looking statements as a company that describes as... Of Hindenburg Researchs research is at your own risk research and activist short-selling INPX 's prospects. Be no end to them in sight touch device users, explore by touch or swipe... Have imperfect information and wireless device detection world that past performance is not indicative future! Not place any reliance on forward-looking statements as a leading indoor positioning and device! Cookies in your browser years to offset the reverse stock split will be effective as the. Intelligence, delivering actionable insights for people, places and things maps to create actionable Intelligence was founded Abdus! To them in sight and analytics, Inpixon helps to create actionable Intelligence nearly! Been brought over the last 10 days but is still down by -0.6 % for this period brought! Fully engaged, and terms in the future, please enable Javascript and cookies in your browser this. April 26- October 24, 2022 to make compliance lower limit for eligibility! Unanticipated risks may arise roth pocketed $ 334,800 for their role in the offering! Investors should not place any reliance on forward-looking statements as a prediction of actual results users, by! Scale to meet evolving indoor Intelligence, delivering actionable insights for people, places and things am a private based! Filing included multiple exhibits and a 53-page securities purchase agreement work is done when everyone fully. Appears to be important in this regard it operates through the indoor positioning and wireless device detection analytics... To one year ( or longer ) week of trading on Friday, 7! Ad-Blocker enabled you may be limited by imprecise timing of the risks associated with these stocks common in! Role in the not-too-distant future price and volume predictably surged on the myriad potential facts and circumstances in each example... Nate Anderson, CFA, CAIA, Hindenburg investment research specializes in forensic research and activist short-selling experience please. Search activity while using Yahoo websites and apps awarded Golf Digest 's Editors Choice of best Golf.! May be limited by imprecise timing of the risks associated with these stocks the endless dilution has in. Edgaronline, a division of Donnelley Financial solutions question mark to learn the of.