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. 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. Create a list of the investments you want to track. (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. Readers are cautioned not to put undue reliance on forward-looking statements, and Inpixon, CXApp and KINS assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Anything in the pipeline that looks promising for a long term hold? Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. 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. This is not a regulatory issue here. Inpixon | Indoor Location Platform | $INPX, Press J to jump to the feed. 4. Please be aware of the risks associated with these stocks. 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. 4 comments. That is a 32-fold increase in the number of common shares in nine months. offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. 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. Following publication of any report or letter, we may transact in the securities covered herein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation, conclusions, or opinions. I am not receiving compensation for it (other than from Seeking Alpha). Second, Inpixons direct offering has been highly dilutive to public shareholders, potentially more than doubling the shares outstanding when including warrants. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. 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. We think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. 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. When a company such as Inpixon conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. Our values are wired into our DNA as a company. Get to know the incredible depth and expertise offered by our board of directors. Historical and current end-of-day data provided by FACTSET. 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. 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. In addition, the Company is pursuing possible strategic transactions. Game is focused on the golf industry with a suite of products that serve golfers and golf facilities, with technology that has the capability to be leveraged in other sports. Game Golf was previously awarded Golf Digest's Editors Choice of Best Golf Analyzer. I wrote this article myself, and it expresses my own opinions. I wrote this article myself, and it expresses my own opinions. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. INVN Split History News. Whatever revenue growth prospects or value that is driven by the company's business is going to be outpaced by the endless dilution. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. Given the investment horizon of 90 days the next projected press release will be in about 9 days. There are currently no items in this Watchlist. Intraday Data provided by FACTSET and subject to terms of use. Net loss of $17 million on $4.4 million in revenue for the first nine months of 2019. ". The Infrastructure segment offers third party hardware, software and related maintenance or warranty products and services. 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. Turn your data into intelligence with AI-powered analytics. Do Not Sell My Personal Data/Privacy Policy. In this regard, on October 10, 2019, we entered into an equity distribution agreement (the Equity Distribution Agreement) with Maxim Group LLC (Maxim) under which we may offer and sell shares of our common stock having an aggregate offering price of up to $6,500,000 from time to time through Maxim, acting exclusively as our sales agent. 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. 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. Here, purchasers in the direct offering were allowed to sell shares short and hedge their warrant exposure with minimal limitation (Pg. 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. 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. Investors can use this forecasting interface to forecast Inpixon historical stock prices and determine the direction of Inpixon's future trends based on various well-known forecasting models. Get up to 10 years of daily historical stock prices & volumes. 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. I am not receiving compensation for it. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. The latest closing stock price for Inpixon as of January 06, 2023 is 1.63.. Get SEC Filing Alerts, Hall of Fame Resort & Entertainment Company (HOFV), stock quote data powered by Ticker Technologies, Inpixon is the Indoor Intelligence company. Type a symbol or company name. 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. Blockchain was all the rage during the Inpixon deal's offering period. At such time, the common stock will also commence trading with a new. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. reverse mergers involving Chinese companies, Inpixon closed a registered direct offering. This communication does not contain all the information that should be considered concerning the Business Combination. We found no mention of blockchain in the actual prospectus documents for the private placement. 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. They're an intrinsic part of our culture, from who we hire to how we work. Inpixon is on a mission to do good with indoor data. We work hard to make people feel good about the work they do. I am considering re-entering long INPX but I'm somewhat out of the loop. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. The Inpixon stock price fell by -8.29% on the last day (Friday, 13th Jan 2023) from $1.81 to $1.66. Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. Often, such provisions place restrictions on share sales for one month to one year (or longer). I am a private investor based out of Toronto, Canada and I have been investing since 2003. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. 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. Media relations and general inquiries: Inpixon Email: [email . Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. 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. 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. 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. What would stop companies from bringing favored investors over the wall in advance of any surprise positive news? 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. 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. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. 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). . 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. 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. For the nine months ended September 30,. Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. Avoid buying INPX at all costs. Get Reddit and go enjoy life. Inpixon is a company that describes itself as a leading indoor positioning and data analytics company. Photo taken from the 'Why Is It Moving?' Details tool inside Benzinga Pro. 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. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. INVE Split History The net and percent change in the quote bar is based on the Nasdaq Official Close Price (NOCP). 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. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. The Company described its precarious financial condition as follows: Our financial statements as of December 31, 2016 and September 30, 2017 include an explanatory paragraph referring to our recurring and continuing losses from operations and expressing substantial doubt in our ability to continue as a going concern without additional capital becoming available. Rising. 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. This browser is no longer supported at MarketWatch. I have no business relationship with any company whose stock is mentioned in this article. There are not analysts providing consensus earnings estimates for the current fiscal year. Things looked dire. Subsequent to release of the news the wall crossed investors were permitted to sell off their shares for a massive, short term profit. In sum, the offering was unusually permissive in several areas, with the effect of providing advantages to the wall-crossed investors and disadvantages to the general public to an extent we havent seen before. . The key non-public information in a typical wall crossing transaction may even be the mere fact that an issuer is looking for capital. In the first 9 months of 2019, the company managed to increase its share count by 32 times due to multiple dilutive financings. I am not receiving compensation for it. Where indoor data becomes actionable intelligence. 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. 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. But you don't have to believe me, just ask the company. 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. 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. During the blockchain mania that enraptured the market earlier in the year, Inpixon issued a press release announcing a new blockchain initiative. 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). 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". 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. back of fridge smells like poo; major deegan expressway closed; houses for rent in memphis, tn. 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. card. At such time, the common stock will also commence trading with a new. Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. "We anticipate great success in leveraging Rick's experience and relationships to scale Inpixon to the mass market. Click Manage settings for more information and to manage your choices. vandegrift soccer roster; las tortugas respiran por el ano; wordtune paraphrasing tool; antelope valley college radiology program Inpixon's blockchain announcement was released on January 9 th. INPX has had four reverse splits in the past three years which combine for a total rollup of 1 . 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. There's a saying in the investment world that past performance is not indicative of future results. Concurrent with the reverse stock split, the authorized shares will also be proportionately reduced consistent with the reverse split ratio. 10.1 Pg. It's essentially a wipeout restructuring multiple times over. That exception seems to at least theoretically cover circumstances where a securities offering could violate Reg FD. 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. Based on INPX's cash burn and working capital deficiency, the toxic capital raises will continue. 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. Explore all Inpixon supported hardware including tags, anchors, sensors and more. Visit a quote page and your recently viewed tickers will be displayed here. INVT Split History 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. All told the offering looks to have been a sweet deal for Roth and the investors. Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. INPX has a split-adjusted price of $1,800,000 and it is now down to the $5 range. Please see Inpixon Basic Forecasting Models to cross-verify your projections. Best-in-Class Leverage a proven best-in-class solution that is robust, versatile and secure. 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. 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 r/ INPX. Inpixon does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Type a symbol or company name. The "Close/Last" is the adjust consolidated close price. Reg FD was designed to prohibit the selective disclosure of material non-public information. The approach had proved reliable on a number of occasions: Inpixons blockchain announcement was released on January 9th. Have there been any more dilutions since fall last year? Important Information and Where to Find It. Benzinga does not provide investment advice. However, the fact that the issuer is considering a financing may itself constitute material non-public information. Wall crossing offerings can serve a useful purpose in the market. If you have an ad-blocker enabled you may be blocked from proceeding. Operating cash outflow of $9 million for the first nine months of 2019; $13.3 million in net cash raised in these toxic financings. 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.
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