Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. In accordance with the reverse stock split, each stockholder's percentage ownership interest in Inpixon will remain unchanged. We think the implications of this tiny deal at this tiny company could be big. 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. Add to Portfolio. Something went wrong while loading Watchlist. I am not receiving compensation for it (other than from Seeking Alpha). It operates through the Indoor Positioning Analytics and Infrastructure segments. Rising. The foregoing list of factors is not exhaustive. 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. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. Founded by Nate Anderson, CFA, CAIA, Hindenburg Investment Research specializes in forensic research and activist short-selling. I have no business relationship with any company whose stock is mentioned in this article. Inpixon Contacts. 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. Mr. Clemmer was named by Data Economy to its inaugural EDGE 50 list of the world's top edge computing influencers. The "Close/Last" is the adjust consolidated close price. Click Manage settings for more information and to manage your choices. IRF Split History, Also explore: INPX shares outstanding history, Free INPX Email Alerts: The kicker: The whole scenario may be entirely legal due to a nuance with how the information was shared. For the nine months ended September 30,. For context, a 13G is used to report a partys ownership of stock that is more than 5% of a company. 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. 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. In particular we look for situations where companies may have any combination of (i) accounting irregularities (ii) bad actors in management or key service provider roles (iii) undisclosed related-party transactions (iv) or illegal/unethical business or financial reporting practices.Tips and feedback can be sent to info@hindenburgresearch.com. margaret drinnen morris; harminder singh atwal; atlas paint converter. Please. ; The Inpixon 52-week low stock price is 1.58, which . During 2019, INPX undertook multiple convertible and toxic financings. 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. 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. This browser is no longer supported at MarketWatch. . 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. Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. 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. Touch device users, explore by touch or with swipe gestures. PALO ALTO, Calif., Dec. 20, 2022 /PRNewswire/ -- Inpixon (Nasdaq: INPX), the Indoor Intelligence company, today announced that it has received an order for its real-time location system (RTLS) products from a global provider of transportation and industrial products and services. 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. This was a 1 for 15 reverse split, meaning for each 15 shares of INPX owned pre-split, the shareholder now owned 1 share. For additional details, please reference the Companys current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. 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). 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. I wrote this article myself, and it expresses my own opinions. Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. For the nine months ended September 30, 2017, Inpixon incurred a net loss of approximately $27.1 million and had a working capital deficiency of approximately $30.8 million. The proxy statement/prospectus contained in KINS's registration statement will be mailed to KINS's stockholders as of a record date to be established for voting on the Business Combination. 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. No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. 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. One investor in the deal filed a Schedule 13G on January 11th (two days after the blockchain press release.) IPAS Split History Plays Nice with Others Our technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. By the end of the same period, the company had only $107,000 in cash compared with current accounts payable of almost $28 million and total current liabilities of almost $45 million. With respect to bad past performance, past results are very much indicative of what will happen in the future for INPX. 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". 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. The Company did not issue a press release announcing the transaction. Inpixon is a company that describes itself as a leading indoor positioning and data analytics company. The price and volume predictably surged on the news. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. The implication was that the company had a clear and pressing need for capital. The person receiving an illegal tip must pay the market price for shares. None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. I am not receiving compensation for it. We believe the best work is done when everyone is fully engaged, and we prioritize this approach every day. This communication does not contain all the information that should be considered concerning the Business Combination. Combining the power of mapping, positioning and analytics . 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. 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 Combining the power of mapping, positioning and analytics,. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. 2021, EDGAROnline, a division of Donnelley Financial Solutions. [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. 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. Given the investment horizon of 90 days the next projected press release will be in about 9 days. I wrote this article myself, and it expresses my own opinions. The screen captures below give you a taste with the word convertible highlighted. 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. The Infrastructure segment offers third party hardware, software and related maintenance or warranty products and services. 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. Often, direct offerings prohibit a purchaser from selling short the offering-companys shares for a period of time to help stabilize the share price. We specialize in capturing, interpreting, and visualizing indoor data to make indoor spaces smarter, safer, and more secure.A multitude of industries and disciplines leverage our solutions to do good with indoor data. I am not receiving compensation for it. Join. 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. This is not an offer to sell or a solicitation of an offer to buy any security, nor shall any security be offered or sold to any person, in any jurisdiction in which such offer would be unlawful under the securities laws of such jurisdiction. It is a potentially worrying sign of things to come. The sensors allow fully automated shot detection and include yardages hit by each club. Log in to see them here or sign up to get started. Have Watchlists? Game Golf was previously awarded Golf Digest's Editors Choice of Best Golf Analyzer. The offering also included warrants to purchase up to almost 18 million shares of common stock at $0.2260 per share. Our values are wired into our DNA as a company. 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. 243.100 (b)(2)(iii).]. 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. Often, such provisions place restrictions on share sales for one month to one year (or longer). 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. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. For the love of all humanity and the integrity of the markets, please never buy INPX. IPDN Split History 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. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. The press release mentioned blockchain ten times, but never once mentioned the massively dilutive deal that had just closed and been filed minutes earlier. 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. 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. The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. All quotes are in local exchange time. Working hard is key but so is taking care of yourself and your community. Find out more about how we use your information in our privacy policy and cookie policy. For real-time updates on INPX, beat the news and login or try Benzinga Pro. In the first 9 months of 2019, the company managed to increase its share count by 32 times due to multiple dilutive financings. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 . Inpixon was spun out of Sysorex, Inpixon acquires Locality Systems, RF-based indoor security solutions innovator, Inpixon acquires package of GPS-based products, software, technologies & IP, Inpixon acquires Jibestream, a global leader in indoor mapping since 2010, Inpixon acquires global distribution license for SYSTATs data analytics and statistical visualization solutions, incorporated in 1983, Inpixon acquires Ten Degrees Inc., adding on-device positioning capabilities to its technology portfolio, Inpixon acquires nanotron Technologies Gmbh, a leader in RTLS and UWB/Chirp positioning solutions founded in 1991. Our team is at the forefront of everything we do. Inpixon customers can take advantage of mapping, positioning, analytics, sensor fusion, and the Internet of Things (IoT) to uncover the untold stories of the indoors. offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. Explore all Inpixon supported hardware including tags, anchors, sensors and more. 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. Do Not Sell My Personal Information (CA Residents Only). There are so many, it can't even be expressed concisely in an article. Privacy Notice | From April 26- October 24, 2022 to make compliance. 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. Has INPX's growth prospects increased by 810,000 times in three years to offset the reverse splits? As in other words, the company is nowhere near profitability, burning over $5 million per quarter. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Turn your data into intelligence with AI-powered analytics. I have no business relationship with any company whose stock is mentioned in this article. 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). Reg FD typically exempts disclosures made in connection with securities offerings (because again, there is technically no trade). I wrote this article myself, and it expresses my own opinions. It does not matter what this company does. The shares were purchased at a roughly 20% discount to Inpixons market price at the time. 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. I am not receiving compensation for it (other than from Seeking Alpha). Please disable your ad-blocker and refresh. 2023 Benzinga.com. DATA AS OF May 12, 2022. (adsbygoogle = window.adsbygoogle || []).push({}); Looking at the INPX split history from start to finish, an original position size of 1000 shares would have turned into 1.64609053497942e-05 today. By comparison, the Inpixon deal allowed investors to buy the deal with an apparently perfect sense of both the content and timing of the market-moving news. PALO ALTO, Calif., Mar. We work hard to make people feel good about the work they do. 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. Create a list of the investments you want to track. The screen captures below give you a taste with the word convertible highlighted. Inpixon is on a mission to do good with indoor data. 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. By late 2017, the company was nearly bankrupt. EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commission. I'm also eager to maximize the potential of Game Your Golf in which we have a joint interest.". Inpixon's extensible platforms scale to meet evolving indoor intelligence needs. 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. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. INVT Split History Prior to NXP, he was a senior advisor of Kohlberg Kravis Roberts & Co., a private equity and global investment firm. Therefore, there was no insider trading. 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. 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. Here Are 36 Stocks Moving In Tuesday's Mid-Day Session. Protect your investment. For live updates on INPX, log in or try Benzinga Pro today. The title alone should give investors insight into the author's opinion of the quality of that deal. Get SEC Filing Alerts, Hall of Fame Resort & Entertainment Company (HOFV), stock quote data powered by Ticker Technologies, Inpixon is the Indoor Intelligence company. 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. He also served in leadership roles at Agere Systems (the Lucent SC company), NCR Corporation, u-Nav Microelectronics, and Quantum Corporation. Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Do Not Sell My Personal Data/Privacy Policy. Inpixon is down about 95% since that blockchain release just months ago: So in short, it appears that select investors were given access to market-moving information in advance of the public and profited tremendously at their expense. back of fridge smells like poo; major deegan expressway closed; houses for rent in memphis, tn. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. Please be aware of the risks associated with these stocks. Hot New Top Rising. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. As one commentator stated: Generally, potential investors do not receive any material non-public information regarding the issuer or its business. I wrote this article myself, and it expresses my own opinions. Mr. Clemmer is a co-investor in Game Your Game. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. Introducing Inpixon! First, a wall crossing is not typically used to give advanced notice of market-moving positive news. 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. Things looked dire. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 share for 810,000. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Get up to 10 years of daily historical stock prices & volumes. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. 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 all-time high Inpixon stock closing price was 100000000.00 on November 04, 2013.; The Inpixon 52-week high stock price is 41.35, which is 2436.8% above the current share price. However, the fact that the issuer is considering a financing may itself constitute material non-public information. Inpixon recorded a loss per share of 0.67. Summary. The Inpixon stock price fell by -8.29% on the last day (Friday, 13th Jan 2023) from $1.81 to $1.66. The company's Indoor Intelligence and mobile app solutions are leveraged by a . We found no mention of blockchain in the actual prospectus documents for the private placement. Get to know the incredible depth and expertise offered by our board of directors. 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. This alone would be a fairly mundane revelation given the number of similar stories at the time, but in Inpixons case, there was one unique factor: the blockchain press release was shared with a select group of investors in advance. 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. I think that only applies to GOOD past performance. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. Below, we examine the compound annual growth rate CAGR for short of an investment into Inpixon shares, starting with a $10,000 purchase of INPX, presented on a split-history-adjusted basis factoring in the complete INPX split history. General inquiries:InpixonEmail: marketing@inpixon.comWeb: inpixon.com/contact-us, Investor relations:Crescendo Communications, LLCTel: +1 212-671-1020Email: INPX@crescendo-ir.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/inpixon-announces-share-consolidation-for-nasdaq-compliance-and-to-support-strategic-transactions-301642082.html, https://www.prnewswire.com/news-releases/inpixon-announces-share-consolidation-for-nasdaq-compliance-and-to-support-strategic-transactions-301642082.html, 12-year-old catches great white shark while fishing in Florida, Biden calls in Ghostburger order, leaves employee speechless, Brian Walshe pleads not guilty to murder: Everything we know about the case, Anger grows in Virginia city where first-grader shot teacher, Poll: Two-thirds of Americans including most Dems favor investigation into Biden docs. Posted by 6 months ago. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. 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. In addition, the Company is pursuing possible strategic transactions. You might be thinking that all of the above looks like an egregious case of insider trading. Type a symbol or company name. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . INVE Split History 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. The purchase order is valued at over one . No. 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. 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. When autocomplete results are available use up and down arrows to review and enter to select. 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. 17 sec. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. 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. Riley, Inpixon's stock soars on heavy volume after CEO touts distancing, contact tracing technology in USA Today report, 12 Information Technology Stocks Moving In Wednesday's After-Market Session, Stocks That Hit 52-Week Lows On Wednesday, 12 Information Technology Stocks Moving In Monday's Intraday Session, 12 Information Technology Stocks Moving In Thursday's After-Market Session, 12 Information Technology Stocks Moving In Friday's After-Market Session, 12 Information Technology Stocks Moving In Wednesday's Pre-Market Session, 12 Information Technology Stocks Moving In Monday's After-Market Session, 12 Information Technology Stocks Moving In Thursday's Pre-Market Session, 12 Information Technology Stocks Moving In Tuesday's After-Market Session, 12 Information Technology Stocks Moving In Tuesday's Pre-Market Session, Why Quoin Pharmaceuticals Shares Jumped By More Than 44%; Here Are 57 Biggest Movers From Yesterday, Why Akouos Shares Are Trading Sharply Higher?
