The sensors allow fully automated shot detection and include yardages hit by each club. The price and volume predictably surged on the news. 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. None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. In 2018, the Company completed a spin-off of its then wholly owned . The person receiving an illegal tip has to purchase or sell shares in the open market, and thus cant get a hold of more shares than actually exist at the time, unlike in this instance. 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. 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. Such risks, uncertainties, and other factors include, but are not limited to, the fluctuation of economic conditions, the impact of COVID-19 on Inpixon's results of operations, Inpixons ability to integrate the products and business from recent acquisitions into its existing business, the performance of management and employees, the regulatory landscape as it relates to privacy regulations and their applicability to Inpixons technology, Inpixon's ability to maintain compliance with Nasdaqs minimum bid price requirement and other continued listing requirements, the ability to obtain financing, competition, general economic conditions and other factors that are detailed in Inpixon's periodic and current reports available for review at sec.gov. 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. They're an intrinsic part of our culture, from who we hire to how we work. The firm has garnered its fair share of controversy and has developed a rather odious reputation among some members of the financial community. We found no mention of blockchain in the actual prospectus documents for the private placement. 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. I am not receiving compensation for it. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Accurately pinpoint the location of people or assets inside a building. Filings suggest that is exactly what happened. 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. Shares of Inpixon soared 32% on heavy volume in premarket trading Tuesday, after the data intelligence company's that Inpixon was working with cruise lines and hotels on customer safety measures. 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. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. There are not analysts providing consensus earnings estimates for the current fiscal year. The entity last dividend was issued on the 7th of January 2020. Editor's Note: This article covers one or more microcap stocks. 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. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. INVT Split History The private placement was done as a . With respect to bad past performance, past results are very much indicative of what will happen in the future for INPX. Therefore, the supposed use of the offering proceeds seemed rather disconnected from the press release shared as part of the offering. 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". 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. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of Inpixon's most recent annual report on Form10-K,KINS's registration statement on FormS-1 (File No. Operating cash outflow of $9 million for the first nine months of 2019; $13.3 million in net cash raised in these toxic financings. Going back to this time last year I was keeping tabs but I'm somewhat out of the loop now. As one commentator stated: Generally, potential investors do not receive any material non-public information regarding the issuer or its business. Media relations and general inquiries: Inpixon Email: [email . 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. 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. Privacy Notice | Find out more about how we use your information in our privacy policy and cookie policy. 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. 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. All told, the filing and exhibits comprised 116 pages of nuanced legal material detailing the specifics of an offering that had closed several days earlier, unbeknownst to outside investors until that point. We, Yahoo, are part of the Yahoo family of brands. For the latest insights. I write on Seeking Alpha to demonstrate my financial analysis and writing skills across a variety of industries and to take advantage of any story-based trading opportunity that may arise. 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. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 . For additional details, please reference the Companys current report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. 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. 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. Summary. 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. Anything in the pipeline that looks promising for a long term hold? Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. Legal The Public Markets May Be In Deep Trouble. However, the fact that the issuer is considering a financing may itself constitute material non-public information. Intraday Data provided by FACTSET and subject to terms of use. Most companies wait until after they release market-moving positive news in order to complete a capital raise in order to minimize dilution. Get to know the incredible depth and expertise offered by our board of directors. The kicker: The whole scenario may be entirely legal due to a nuance with how the information was shared. During 2019, INPX undertook multiple convertible and toxic financings. From April 26- October 24, 2022 to make compliance. Please see Inpixon Basic Forecasting Models to cross-verify your projections. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. The approach had proved reliable on a number of occasions: Inpixons blockchain announcement was released on January 9th. Create your Watchlist to save your favorite quotes on Nasdaq.com. I think that only applies to GOOD past performance. INPX News Today | Why did Inpixon stock go up today? 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. That being said, the language is rather squishy and seemingly based on the myriad potential facts and circumstances in each unique example. Inpixon r/ INPX. The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. I am not receiving compensation for it (other than from Seeking Alpha). I am considering re-entering long INPX but I'm somewhat out of the loop. It is not intended to form the basis of any investment decision or any other decision in respect to the business combination. The latest closing stock price for Inpixon as of January 06, 2023 is 1.63.. There are so many, it can't even be expressed concisely in an article. If you have an ad-blocker enabled you may be blocked from proceeding. I wrote this article myself, and it expresses my own opinions. It is a potentially worrying sign of things to come. 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. The Indoor Positioning Analytics segment includes Inpixons proprietary products and services delivered on premise or in the cloud as well as hosted software-as-a-service based solutions. We have no position in Inpixon (NASDAQ:INPX), a tiny little $3 million market cap company that is not particularly noteworthy in any way except for one. Inpixon is on a mission to do good with indoor data. 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. The Inpixon stock price fell by -8.29% on the last day (Friday, 13th Jan 2023) from $1.81 to $1.66. By late 2017, the company was nearly bankrupt. 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 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. Blockchain was all the rage during the Inpixon deal's offering period. Visit a quote page and your recently viewed tickers will be displayed here. 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 (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. 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. 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 we prioritize this approach every day. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics . Meet our unique team of builders and innovators, making Indoor Intelligence possible. 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. Photo taken from the Opening Gap Signals tool inside Benzinga Pro. I have no business relationship with any company whose stock is mentioned in this article. They're an intrinsic part of our culture, from who we hire to how we work. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. However, solely looking at the historical price movement is usually misleading. 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. Add to Watchlist. Reg FD typically exempts disclosures made in connection with securities offerings (because again, there is technically no trade). As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. The company also named Richard "Rick" Clemmer, former CEO of NXP Semiconductors, a leading provider of embedded controllers for industrial internet of things (IIoT), mobile, and communications infrastructure with 2020 revenues of $8.6 billion, to Inpixon's board of advisors. Benzinga does not provide investment advice. 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. During the last trading day the stock fluctuated 16.77% from a day low at $1.61 to a day high of $1.88. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The stock has dropped about 95% in the ensuing months, eviscerating many who bought into the announcement. Having a healthy balance between your personal and professional life is important to us. 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. Create a list of the investments you want to track. What INPX and the vulture financiers are doing is completely legal as long as SEC filings disclose everything in a timely manner. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 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 does not matter if it found a pool-sized deposit of pure gold underneath its head office. 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. 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. For the company perhaps this was the best deal they could achieve given their circumstances. Type a symbol or company name. 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. Something went wrong while loading Watchlist. What would stop companies from bringing favored investors over the wall in advance of any surprise positive news? Putting a percentage on that is meaningless. Forward-looking statements speak only as of the date they are made. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. 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. 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. 2023 Benzinga.com. Co. has three segments: Indoor Intelligence, which provides apps and services, including smart office app that seeks to improve the employee experience by providing organizations with a location aware customer branded employee app for a connected workplace; Shoom, which provides digital solutions or cloud-based applications and analytics for the media and publishing industry, including eTearsheets and eInvoice; and SAVES, which provides a set of data analytics and statistical visualization software solutions for engineers and scientists, including SigmaPlot, SigmaStat, SYSTAT, PeakFit, TableCurve 2D, TableCurve 3D, SigmaScan and MYSTAT. I wrote this article myself, and it expresses my own opinions. Explore all Inpixon supported hardware including tags, anchors, sensors and more. The inference is that the entire stake had been unloaded in the interim. The price has risen in 6 of the last 10 days but is still down by -0.6% for this period. Inpixon (INPX) Latest Stock News & Headlines - Yahoo Finance U.S. markets open in 8 hours 3 minutes S&P Futures 3,942.75 +2.00(+0.05%) Dow Futures 33,884.00 +35.00(+0.10%) Nasdaq Futures. 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. food to eat after tonsillectomy in adults, what's she doing, 2018, the language is rather squishy and seemingly based on the news indicative of what happen. It is a potentially worrying sign of things to come minimize dilution violate Reg FD typically exempts disclosures made connection! Guide us on how to support our people our employees, customers and partners occasions: Inpixons blockchain announcement released... 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