Inpixon Stock Forecast is based on your current time horizon. Add to Watchlist. The screen captures below give you a taste with the word convertible highlighted. They got an extension of 180 days. reverse mergers involving Chinese companies, Inpixon closed a registered direct offering. [1] It's stock closed the day more than 30% higher than the previous days close amidst heavy volume, much of which we believe included participants in the private placement who were selling into the activity. Our experience in the investment management industry spans over a decade, with a historical focus on buy side equity, credit, and derivatives analysis.While we use fundamental analysis to aid our investment decision-making, we believe the best edge can be had by uncovering hard-to-find information from atypical sources. We think the implications of this tiny deal at this tiny company could be big. Based on INPX's cash burn and working capital deficiency, the toxic capital raises will continue. Having a healthy balance between your personal and professional life is important to us. However, the same section of Reg FD that exempts securities offerings also notes that an issuer cannot avoid the prohibition against selective disclosure by simply registering an offering in order to evade the requirements of Reg FD. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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 net and percent change in the quote bar is based on the Nasdaq Official Close Price (NOCP). . Year-over-year quarterly sales growth most recently was -6.7%. 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. Anything in the pipeline that looks promising for a long term hold? Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. 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. What happened to Delisting? To the best of our ability and belief, all information contained herein is accurate and reliable, and has been obtained from public sources we believe to be accurate and reliable, and who are not insiders or connected persons of the stock covered herein or who may otherwise owe any fiduciary duty or duty of confidentiality to the issuer. By way of background, Roth has raised over $45 billion for small-cap public and private companies and completed approximately 300 merger, acquisition and advisory assignments since it was founded in 1992, according to the companys website. We believe the best work is done when everyone is fully engaged, and. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The filing included multiple exhibits and a 53-page securities purchase agreement. We have no idea how this all ends up but it will likely be interesting to watch. Please be aware of the risks associated with these stocks. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. Game Golf was previously awarded Golf Digest's Editors Choice of Best Golf Analyzer. 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. 10.1 Pg. Inpixon's blockchain announcement was released on January 9 th. Inpixon is a vibrant, agile tech company providing indoor intelligence solutions for global enterprise leaders. Combining the power of mapping, positioning and analytics,. Plays Nice with Others Our technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in. 4. The Inpixon stock price fell by -8.29% on the last day (Friday, 13th Jan 2023) from $1.81 to $1.66. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. The shares were purchased at a roughly 20% discount to Inpixons market price at the time. 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. However, solely looking at the historical price movement is usually misleading. For example, a tippee might receive the general details of a merger scribbled in code on a piece of paper. 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. Wall crossing offerings can serve a useful purpose in the market. Reg FD typically exempts disclosures made in connection with securities offerings (because again, there is technically no trade). None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. The first split for INPX took place on March 01, 2017. All told the offering looks to have been a sweet deal for Roth and the investors. 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. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 share for 810,000. 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. 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. 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. 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. Hot New Top Rising. 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). 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. We work hard to make people feel good about the work they do. I have no business relationship with any company whose stock is mentioned in this article. Historical and current end-of-day data provided by FACTSET. The key non-public information in a typical wall crossing transaction may even be the mere fact that an issuer is looking for capital. No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. The company's continuous pattern of outdoing its previous reverse split is an indication of a complete lack of concern for preserving shareholder value. "We anticipate great success in leveraging Rick's experience and relationships to scale Inpixon to the mass market. Our values are wired into our DNA as a company. For live updates on INPX, log in or try Benzinga Pro today. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. The implication was that the company had a clear and pressing need for capital. not anticipated to be liquid any time soon and investors can come to their own conclusion on the legitimacy and appropriateness of this transaction given INPX's financial state) versus $19 million in total liabilities. 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. Even with the massive capital raises in the past, there appears to be no end to them in sight. Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. But you don't have to believe me, just ask the company. The $5 and $10 pricepoints tend to be important in this regard. Inpixon INPX today had a large opening gap of -63.50%. Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. [See: 17 C.F.R. 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. 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 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. 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. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. I have no business relationship with any company whose stock is mentioned in this article. 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. Given the investment horizon of 90 days the next projected press release will be in about 9 days. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. The person receiving an illegal tip must pay the market price for shares. Explore all Inpixon supported hardware including tags, anchors, sensors and more. 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. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. My passion and greatest depth of knowledge is on Canadian small cap stocks and I consider my blog posts to be some of my best work. 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. News. 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. 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). I am not receiving compensation for it. 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. Blockchain was all the rage during the Inpixon deal's offering period. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . For the best MarketWatch.com experience, please update to a modern browser. It operates through the Indoor Positioning Analytics and Infrastructure segments. Benzinga does not provide investment advice. Working hard is key but so is taking care of yourself and your community. Despite the current market conditions, we believe these initiatives will help unlock increased value for our stockholders.". 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. 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. Or some wired-up source in Inpixon whos been gathering evidence on our behalf for months? Explore all Inpixon supported hardware including tags, anchors, sensors and more. 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. 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. 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. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. Or it needs to be delisted. Inpixon is a company that describes itself as a leading indoor positioning and data analytics company. Get to know the incredible depth and expertise offered by our board of directors. Trading volume spiked to Inpixon engages in the provision of indoor positioning and data analytics services. 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 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. Roths BrokerCheck report shows 26 total disclosure events, comprised of 14 regulatory events and 12 arbitrations. It's the weekend. When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. What would stop companies from bringing favored investors over the wall in advance of any surprise positive news? Mr. Clemmer was named by Data Economy to its inaugural EDGE 50 list of the world's top edge computing influencers. Hot. Roth pocketed $334,800 for their role in the deal according to a form D filing. This communication is not a substitute for the registration statements that CXApp and KINS will file with the SEC or any other documents that KINS or CXApp may file with the SEC or that KINS, Inpixon or CXApp may send to stockholders in connection with the Business Combination. Roth largely operates in the murky world of small and microcap banking where it specializes in providing creative financing solutions. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Do Not Sell My Personal Information (CA Residents Only). Please disable your ad-blocker and refresh. The Infrastructure segment offers third party hardware, software and related maintenance or warranty products and services. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. PALO ALTO, Calif., Mar. 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. Meet our unique team of builders and innovators, making Indoor Intelligence possible. to get the full dilutive picture. Photo taken from the Why Is It Moving? Details tool inside Benzinga Pro. 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. Mr. Clemmer is a co-investor in Game Your Game. The inference is that the entire stake had been unloaded in the interim. Posted by 8 months ago. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. According to our. 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. INVE Split History Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. 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. The entity last dividend was issued on the 7th of January 2020. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. 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. The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. margaret drinnen morris; harminder singh atwal; atlas paint converter. 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. I am not receiving compensation for it. It takes courage to be a leader, both individually and as a team, and we embody this by whole-heartedly believing in our mission. Filings suggest that is exactly what happened. Inpixon's extensible platforms scale to meet evolving indoor intelligence needs. From April 26- October 24, 2022 to make compliance. The last article on Seeking Alpha on INPX was actually a bullish one, where the author explained the company's M&A strategy for location analytics. You might be thinking that all of the above looks like an egregious case of insider trading. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. The $19 million in liabilities are broken down as $10 million in short term debt, $3 million in long-term debt and the balance in payables and other short term liabilities. Summary. In connection with the proposed Business Combination, CXApp will file with the SEC a registration statement on Form S-1 (the "Form S-1") registering shares of CXApp common stock, and KINS will file with the SEC a registration statement on FormS-4(the "Form S-4") registering shares of KINS common stock, warrants and certain equity awards. The Indoor Positioning Analytics segment includes Inpixon's proprietary products and services delivered on premise or in the cloud as well as hosted software-as-a-service based solutions. Have Watchlists? All rights reserved. I am a private investor based out of Toronto, Canada and I have been investing since 2003. This communication is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction where such distribution or use would be contrary to local law or regulation. We think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. The firm had 1:75 split on the 7th of October 2022. the discounted shares through a private placement offering.