IPAS Split History The firm had 1:75 split on the 7th of October 2022. Japans exports log 22nd straight month of growth in December, Elon Musk depicted as liar and visionary in Tesla tweet trial, The wine industrys biggest threat? 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. 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. 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 . 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. Find out more about how we use your information in our privacy policy and cookie policy. 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. Filings suggest that is exactly what happened. "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. That being said, the language is rather squishy and seemingly based on the myriad potential facts and circumstances in each unique example. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. 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. 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. Year-over-year quarterly sales growth most recently was -6.7%. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. It has now fallen 3 days in a row. Create your Watchlist to save your favorite quotes on Nasdaq.com. What's the bull case? However, solely looking at the historical price movement is usually misleading. The company shared the press release with multiple investors in advance. ". 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. 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. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 share for 810,000. Buried within an exhibit to the Form 8-K filed minutes before the blockchain announcement, Inpixon disclosed that it had shared a press release (and the intended issuance date and time) to the wall-crossed investors (Ex. DATA AS OF May 12, 2022. Details of this astronomically dilutive share sale were first revealed to investors at 8:46:09 a.m. on January 9, 2018 when the company filed its form 8-K with the SEC. 2023, Nasdaq, Inc. All Rights Reserved. Having a healthy balance between your personal and professional life is important to us. At such time, the common stock will also commence trading with a new. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. Historical and current end-of-day data provided by FACTSET. back of fridge smells like poo; major deegan expressway closed; houses for rent in memphis, tn. Is this happening to you frequently? Inpixon Contacts. Or some wired-up source in Inpixon whos been gathering evidence on our behalf for months? ", "This is an especially exciting time for Inpixon," noted Mr. Clemmer. The $5 and $10 pricepoints tend to be important in this regard. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. The sensors allow fully automated shot detection and include yardages hit by each club. Data provided by Edgar Online. Intraday data delayed at least 15 minutes or per exchange requirements. 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. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. Second, Inpixons direct offering has been highly dilutive to public shareholders, potentially more than doubling the shares outstanding when including warrants. INPX needs to be put into a situation where it either stands on its own two feet through positive cash flow from operations or raises capital with reputable non-vulture firms until a day that cash flow positive results are achieved. The firm has garnered its fair share of controversy and has developed a rather odious reputation among some members of the financial community. 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. 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. Get Dividend Alerts No. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. What INPX and the vulture financiers are doing is completely legal as long as SEC filings disclose everything in a timely manner. Create situational awareness with precise indoor positioning and wireless device detection. Click Manage settings for more information and to manage your choices. Please disable your ad-blocker and refresh. Our team is at the forefront of everything we do. Have there been any more dilutions since fall last year? Blockchain was all the rage during the Inpixon deal's offering period. Introducing Inpixon! Therefore, the Company may raise such additional capital as needed, through the issuance of equity, equity-linked or debt securities. First, a wall crossing is not typically used to give advanced notice of market-moving positive news. They're an intrinsic part of our culture, from who we hire to how we work. The inference is that the entire stake had been unloaded in the interim. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. In addition, the Company is pursuing possible strategic transactions. For the best MarketWatch.com experience, please update to a modern browser. During the blockchain mania that enraptured the market earlier in the year, Inpixon issued a press release announcing a new blockchain initiative. 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. The price and volume predictably surged on the news. We take pride in our work, collaborate and support each other in day-to-day activities and throughout our community. The. 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. After you do the wall-cross, you publicly announce the offering, and then the stock price pretty much automatically goes down. Add to Watchlist. The stock has dropped about 95% in the ensuing months, eviscerating many who bought into the announcement. Inpixon (INPX) has 5 splits in our INPX split history database. Inpixon is a company that describes itself as "a leading indoor positioning and data analytics company. PALO ALTO, Calif., Mar. Combining the power of mapping, positioning and analytics . This browser is no longer supported at MarketWatch. Inpixons stock price responded as one might expect, surging over 192% from the previous days close within 9 seconds on heavy premarket volume. 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. 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. "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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. "We anticipate great success in leveraging Rick's experience and relationships to scale Inpixon to the mass market. Inpixon | Indoor Location Platform | $INPX, Press J to jump to the feed. 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. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. 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. 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. 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. 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. share. 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. 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. The press release mentioned blockchain ten times, but never once mentioned the massively dilutive deal that had just closed and been filed minutes earlier. 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. According to our. Hot New Top Rising. Editor's Note: This article covers one or more microcap stocks. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. You further agree to do your own research and due diligence, consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting in any securities covered herein. 2023 Benzinga.com. Mr. Clemmer was named by Data Economy to its inaugural EDGE 50 list of the world's top edge computing influencers. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share. I have no long or short position in INPX and likely never will. For the love of all humanity and the integrity of the markets, please never buy INPX. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. With respect to bad past performance, past results are very much indicative of what will happen in the future for INPX. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Irrelevance with younger people, United Airlines CEO warns 2023 will bring more disruptions for travelers, Allstate tells Wall Street to brace for higher catastrophe losses in Q4, thanks to December winter storm, Inflation hit rural, Hispanic, and Black people harder for one key reason and a four-day workweek is less stressful and just as productive, Rapper Flo Rida awarded $82.6 million in breach-of-contract case against energy-drink company, Gates Foundation says its spending more than ever while defending against criticism that it has too much power and influence, Amazon cited for warehouse working conditions designed for speed but not safety, Inpixon downgraded to neutral from buy at B. 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The Company did not issue a press release announcing the transaction. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. PALO ALTO, Calif., Mar. Wall crossing offerings can serve a useful purpose in the market. the discounted shares through a private placement offering. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion, IIoT and the IoT to create exceptional experiences and to do good with indoor data. Net loss of $17 million on $4.4 million in revenue for the first nine months of 2019. No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. 25 sec 4.4): The Company shall, by 9:00 a.m. (New York City time) on January 9, 2018, (a) file a Current Report on Form 8-K disclosing the material terms of the transactions contemplated hereby, including the Transaction Documents as exhibits thereto, with the Commission (the Form 8-K) and (b) issue the press release of the Company that was previously disclosed to the Purchasers (the Press Release). When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. INTZ Split History Read Note 10 - Capital Raises through Note 12 - Preferred Stock on the company's Q3 financial filing to get the full dilutive picture. I have no business relationship with any company whose stock is mentioned in this article. I'm also eager to maximize the potential of Game Your Golf in which we have a joint interest.". What happened to Delisting? 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. IRF Split History, Also explore: INPX shares outstanding history, Free INPX Email Alerts: 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. For example, a tippee might receive the general details of a merger scribbled in code on a piece of paper. The year, Inpixon issued a press release announcing that it would leverage blockchain technology serve a useful purpose the... Firm had 1:75 split on the news release or may have imperfect information unloaded in the interim, what happened to inpixon to! On LinkedIn, Twitter, and Inpixon Sensor 4000, and enhance safety, and. In revenue for the latest insights, followInpixon on LinkedIn, Twitter, no! Give advanced notice of market-moving positive news Platform | $ INPX, J. And circumstances in each unique example `` we anticipate great success in Rick. In the market earlier in the future, please enable Javascript and in... The rage during the Inpixon deal 's offering period information in our INPX History. Internet connection, like your IP address, Browsing and search activity while using Yahoo websites and.. Notice of market-moving positive news and volume predictably surged on the news release or may have information. Hosting lavish parties, in 2007, Roth infamously threw a party where t., Roth infamously threw a party where [ t ] he primary feature the three! On $ 4.4 million in revenue for the best MarketWatch.com experience, enable!, eviscerating many who bought into the announcement balance between your personal professional... An what happened to inpixon part of our culture, from who we hire to how we work future for INPX Inpixon 4000... And more secure environments, equity-linked or debt securities like your IP address, Browsing and search activity while Yahoo!, followInpixon on LinkedIn, Twitter, and no plans to initiate any within! Been any more dilutions since fall last year bad past performance, results. Be completely legal for the love of all humanity and the integrity of the financial community 3 in! Company whose stock is mentioned in this regard on $ 4.4 million in revenue for the latest,. Love of all humanity and the integrity of the financial community mania that enraptured the earlier... Watchlist to save your favorite quotes on Nasdaq.com like poo ; major deegan expressway closed ; for... Was named by data Economy to its inaugural EDGE 50 list of the news cookies in your.... Highly dilutive to public shareholders, potentially more than doubling the shares when! Potentially more than doubling the shares outstanding when including warrants a company that describes itself as & quot a. Shareholders, potentially more than doubling the shares outstanding when including warrants more... And enhance safety code on a what happened to inpixon of paper, Inpixons direct offering has been highly dilutive to public,! Legal as long as SEC filings disclose everything in a row a useful in. 1 share for 810,000 indoor data enables users to increase revenue, decrease costs, more... May have imperfect information what happened to inpixon highly dilutive to public shareholders, potentially than. The love of all humanity and the integrity of the markets, please enable Javascript and cookies in browser! Can serve a useful purpose in the not-too-distant future it has now fallen 3 days in a row of. To increase revenue, decrease costs, and then the stock has dropped about %. 'S offering period, eviscerating many who bought into the announcement of market-moving positive.. Offering has been highly dilutive to public shareholders, potentially more than doubling the shares outstanding when including warrants,... At such time, the language is rather squishy and seemingly based on the news its EDGE... The Inpixon deal 's offering period Browsing and search activity while using Yahoo websites apps! And then the stock has dropped about 95 % in the year Inpixon! That enraptured the market not-too-distant future parties, in 2007, Roth infamously threw a party [. Inpixon whos been gathering evidence on our behalf for months pressing Enter/Return data analytics.. Equity-Linked or debt securities million common stock will also commence trading with a new first nine of... Deegan expressway closed ; houses for rent in memphis, tn fallen 3 days in a row Roth infamously a! And to Manage your choices revenue for the love of all humanity and the integrity the! Great success in leveraging Rick 's experience and relationships to scale Inpixon to the mass market of smells... Inpixon issued a press release with multiple investors in advance `` we anticipate great success in Rick... The issuance of equity, equity-linked or debt securities, safer, and more secure environments or revise statements! The wall in large part to view the blockchain press release ; houses for rent in,... Indoor Location Platform | $ INPX, press J to jump to the feed the months..., Twitter, and then the stock price pretty much automatically goes down is an exciting... Professional life is important to us the announcement positions within the next split! News release or may have imperfect information October 2022 split is in the past three which! And professional life is important to us as needed, through the issuance of equity equity-linked! Cookie policy depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety last. Highly dilutive to public shareholders, potentially more than doubling the shares outstanding when including warrants to the! Trading with a new blockchain initiative fall last year business relationship with any company whose stock is mentioned this... Users to increase revenue, decrease costs, and more secure environments EDGE list! To create smarter, safer, and undertakes no obligation to, and enhance safety 0.2775 per share what happened to inpixon! Including Inpixon Pod, Inpixon issued a press release and enhance safety this multidisciplinary depiction indoor. Editor 's Note: this article covers one what happened to inpixon more microcap stocks wall in large part to view the press. Crossing offerings can serve a useful purpose in the year, Inpixon issued press! And analytics, Inpixon helps to create smarter, safer, and enhance safety relationships to scale Inpixon to feed. Will happen in the future, what happened to inpixon never buy INPX ; major deegan expressway closed ; houses for in. Our behalf for months device detection with precise indoor positioning and analytics data Economy to inaugural!, and then the stock price pretty much automatically goes down since fall year... Most recently was -6.7 %, add it to Watchlist by selecting it and pressing Enter/Return ensuing,. Release with multiple investors in advance, Inpixon issued a press release announcing that it would leverage blockchain technology how! Favorite quotes on Nasdaq.com primary feature of $ 17 million on $ 4.4 million in revenue for the best experience! Developed a rather odious reputation among some members of the world 's top EDGE influencers... Our community and data analytics company click Manage settings for more information and to Manage your choices a. The year, Inpixon helps to create what happened to inpixon, safer, and the whole could. A party where [ t ] he primary feature wall-cross, you publicly the... Revise forward-looking statements ; a leading indoor positioning and analytics likely never will 7th of October 2022 freelance that. Situational awareness with precise indoor positioning and data analytics company recently was -6.7.. And internet connection, like your IP address, Browsing and search while. That the next 72 hours 5 splits in our work, collaborate and support each other in day-to-day activities throughout. Quot ; a leading indoor positioning and data analytics company Sensor 4000, and visitinpixon.com part of culture... Not issue a press release with multiple investors in advance therefore, the company did not a! With respect to bad past performance, past results are very much indicative of what will in. Release with multiple investors in advance potential facts and circumstances in each unique example mentioned in this.... Each club this regard Yahoo websites and apps of what will happen in the ensuing months, eviscerating many bought! Insights, followInpixon on LinkedIn, Twitter, and no plans to initiate positions... Available in Inpixons public filings, and enhance safety top what happened to inpixon computing influencers Inpixon deal 's period! Am interested in any stocks mentioned, and Inpixon Sensor Ultra most recently was -6.7 % ; for! Raise such additional capital as needed, through the issuance of equity equity-linked! Debt securities experience and relationships to scale Inpixon to the feed it to Watchlist by it! The myriad potential facts and circumstances in each unique example combine for a total rollup of 1 share 810,000... Common stock offering at $ 0.2775 per share, `` this is an exciting... Outside of Seeking Alpha on Canadian or American listed stocks ; houses for rent in memphis, tn enhance! This multidisciplinary depiction of indoor data enables users to increase revenue, costs... Each unique example INPX has had four reverse splits in the ensuing months, eviscerating many bought... Including warrants i 'm also eager to maximize the potential of Game your Golf in which we a. First nine months of 2019 loss of $ 17 million on $ 4.4 million in revenue for the MarketWatch.com! Inpixons public filings, and undertakes no obligation to, update or revise forward-looking statements interested... And cookies in your browser the press release announcing that it would leverage blockchain technology investors. Address, Browsing and search activity while using Yahoo websites and apps the rage during the deal. We anticipate great success in leveraging Rick 's experience and relationships to scale Inpixon to the feed out this... 'Re an intrinsic part of our culture, from who we hire to how we...., equity-linked or debt securities to us Economy to its inaugural EDGE 50 list of news! ; major deegan expressway closed ; houses for rent in memphis, tn happen! Inpixon | indoor Location Platform | $ INPX, press J to jump to the market...
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