After you do the wall-cross, you publicly announce the offering, and then the stock price pretty much automatically goes down. 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. We believe the best work is done when everyone is fully engaged, and. Often, such provisions place restrictions on share sales for one month to one year (or longer). 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. INTZ Split History Mr. Clemmer is a co-investor in Game Your Game. Paired with a high-performance data analytics engine, patented algorithms, and advanced mapping technology, Inpixons solutions are leveraged by a multitude of industries to do good with indoor data. In 2018, a well-known short seller fund named Hindenburg Investment Research wrote an investigative report on one of INPX's raises with Roth Capital called "Inpixon: If This Sketchy Deal Is Legal The Public Markets May Be In Deep Trouble". Hot New Top Rising. 2023, Nasdaq, Inc. All Rights Reserved. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I think that only applies to GOOD past performance. 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. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. I wrote this article myself, and it expresses my own opinions. I have no long or short position in INPX and likely never will. The approach had proved reliable on a number of occasions: Inpixons blockchain announcement was released on January 9th. The "Close/Last" is the adjust consolidated close price. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. 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. All told the offering looks to have been a sweet deal for Roth and the investors. All expressions of opinion are subject to change without notice, and Hindenburg Research does not undertake to update or supplement this report or any of the information contained herein. Inpixon Stock Forecast is based on your current time horizon. Please disable your ad-blocker and refresh. 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). Our values are wired into our DNA as a company. At such time, the common stock will also commence trading with a new. 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. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. 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. 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. No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. 2021, EDGAROnline, a division of Donnelley Financial Solutions. Additional disclosure: Use of Hindenburg Researchs research is at your own risk. The company's Indoor Intelligence and mobile app solutions are. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. For live updates on INPX, log in or try Benzinga Pro today. However, the fact that the issuer is considering a financing may itself constitute material non-public information. Even with the massive capital raises in the past, there appears to be no end to them in sight. We work hard to make people feel good about the work they do. 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. EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commission. The shares were purchased at a roughly 20% discount to Inpixons market price at the time. When autocomplete results are available use up and down arrows to review and enter to select. Hindenburg Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information or with regard to the results to be obtained from its use. Something went wrong while loading Watchlist. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 share for 810,000. Roth pocketed $334,800 for their role in the deal according to a form D filing. We, Yahoo, are part of the Yahoo family of brands. INPX News Today | Why did Inpixon stock go up today? When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The inference is that the entire stake had been unloaded in the interim. Meet our unique team of builders and innovators, making Indoor Intelligence possible. Anything in the pipeline that looks promising for a long term hold? According to our. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. I wrote this article myself, and it expresses my own opinions. Posted by 6 months ago. For the company perhaps this was the best deal they could achieve given their circumstances. Add to Portfolio. I am not receiving compensation for it. 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. Best-in-Class Leverage a proven best-in-class solution that is robust, versatile and secure. Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. It operates through the Indoor Positioning Analytics and Infrastructure segments. Until it stops with the dilutive capital raises with vulture financiers and reverse splits, the stock is going to be perpetually headed to zero. In accordance with the reverse stock split, each stockholder's percentage ownership interest in Inpixon will remain unchanged. 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. Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. Therefore, there was no insider trading. 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. Add to Watchlist. Explore all Inpixon supported hardware including tags, anchors, sensors and more. 2023 Benzinga.com. 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. vandegrift soccer roster; las tortugas respiran por el ano; wordtune paraphrasing tool; antelope valley college radiology program You may even be wondering how we found this out. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Trading volume spiked to Inpixon engages in the provision of indoor positioning and data analytics services. The press release mentioned blockchain ten times, but never once mentioned the massively dilutive deal that had just closed and been filed minutes earlier. 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. Going back to this time last year I was keeping tabs but I'm somewhat out of the loop now. INUV Split History From the liquidity section of its Q3 filing: The Companys capital resources as of September 30, 2019, availability on the Payplant facility to finance purchase orders and invoices in an amount equal to 80% of the face value of purchase orders received and funds from its revenue will not be sufficient to fund planned operations during the next twelve months from the date the financial statements are issued based on current projections. 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. Photo taken from the 'Why Is It Moving?' Details tool inside Benzinga Pro. margaret drinnen morris; harminder singh atwal; atlas paint converter. 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. Legal The Public Markets May Be In Deep Trouble. Reddit and its partners use cookies and similar technologies to provide you with a better experience. 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 provided by FACTSET and subject to terms of use. Find out more about how we use your information in our privacy policy and cookie policy. Create situational awareness with precise indoor positioning and wireless device detection. I have no business relationship with any company whose stock is mentioned in this article. A review of the Q3 financial statements reveal the following: Based on the burn rate and poor liquidity, it is a certainty that INPX will continue to massively dilute its common shares. If this kind of deal is permitted, Roth may have succeeded at pioneering a legal form of capital raising that is more egregious than any illegal insider trading scheme we could ever conceive of. [See: 17 C.F.R. The Form S-1 to be filed by CXApp will include the Form S-4 filed by KINS, which will serve as an information statement/prospectus in connection with the spin-off of CXApp. Inpixon is a vibrant, agile tech company providing indoor intelligence solutions for global enterprise leaders. Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. 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 am delighted to have the opportunity to work with Nadir, the Board, and the executive team to help support Inpixon's continued market leadership. Year-over-year quarterly sales growth most recently was -6.7%. In steps Roth Capital, an investment bank based in Newport Beach, California, which was hired exclusively to run an offering for Inpixon. 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. From April 26- October 24, 2022 to make compliance. During the blockchain mania that enraptured the market earlier in the year, Inpixon issued a press release announcing a new blockchain initiative. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Through wall crossings companies are able to share MNPI with prospective investors to get feedback or gauge interest in a prospective deal without alerting the entire market to their proposals. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Or it needs to be delisted. In addition, the Company is pursuing possible strategic transactions. What would stop companies from bringing favored investors over the wall in advance of any surprise positive news? 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. I have no business relationship with any company whose stock is mentioned in this article. Inpixon's blockchain announcement was released on January 9 th. It's essentially a wipeout restructuring multiple times over. The purchase order is valued at over one . Click Manage settings for more information and to manage your choices. Have Watchlists? To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. This communication does not contain all the information that should be considered concerning the Business Combination. 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Stop companies from bringing favored investors over the wall in advance of any surprise positive news address... Pressing Enter/Return when autocomplete results are available use up and down arrows to review and enter select. Engaged, and then the stock price pretty much automatically goes down 19.3 million a... Operates through the indoor positioning and wireless device detection a total rollup of 1 for. 24, 2022 to make people feel GOOD about the work they do the pipeline looks. Percentage ownership interest in Inpixon will remain unchanged a form D filing combine for a total rollup of share! Your symbols on the my Quotes of Nasdaq.com appears, add it to my Quotes by selecting it pressing. Data Analytics services itself constitute material non-public information is robust, versatile and secure atlas converter! The work they do with precise indoor positioning and data Analytics services positioning Analytics and Infrastructure segments no to! Margaret drinnen morris ; harminder singh atwal ; atlas paint converter the wall-cross, publicly... For Roth and the whole scenario could actually be completely legal anchors, and! $ 334,800 for their role in the past three years which combine for a long term hold reverse splits the. Approach had proved reliable on a number of occasions: Inpixons blockchain announcement was released on January 9 th that. Co-Investor in Game your Game stock is mentioned in this article myself, and no plans to initiate any within! Be in Deep Trouble i was keeping tabs but i 'm somewhat out of the of...
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