Wall crossing offerings can serve a useful purpose in the market. None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. to get the full dilutive picture. 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. 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. Inpixon (INPX) has 5 splits in our INPX split history database. The investors bought substantial stakes and then exited their positions into the spike that followed the news release. At such time, the common stock will also commence trading with a new CUSIP number, 45790J867. Inpixon Stock Forecast is based on your current time horizon. 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. 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. After you do the wall-cross, you publicly announce the offering, and then the stock price pretty much automatically goes down. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. Inpixon does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Photo taken from the 'Why Is It Moving?' Details tool inside Benzinga Pro. Anything in the pipeline that looks promising for a long term hold? 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. 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. You might be thinking that all of the above looks like an egregious case of insider trading. 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. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. 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. When autocomplete results are available use up and down arrows to review and enter to select. Get SEC Filing Alerts, Hall of Fame Resort & Entertainment Company (HOFV), stock quote data powered by Ticker Technologies, Inpixon is the Indoor Intelligence company. Posted by 6 months ago. . Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Please. INVT Split History reverse mergers involving Chinese companies, Inpixon closed a registered direct offering. So someone who held 810,000 shares in February 2017 now has a grand total of 1 share. 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. Combining the power of mapping, positioning and analytics,. card classic compact. It's essentially a wipeout restructuring multiple times over. Another investor filed a similar 13G in the ensuing days showing that they too had briefly owned about 5.5% of the company but had summarily dumped about 1.5 million shares into the market in between the offering and their January 16th filing. It operates through the Indoor Positioning Analytics and Infrastructure segments. This is especially true for small companies, and is just a matter of supply and demand: The company is diluting its current shareholders and is raising money from new investors who will demand a discount to the previous market price to commit more money to the company. Roths BrokerCheck report shows 26 total disclosure events, comprised of 14 regulatory events and 12 arbitrations. : until after the press release was issued.) . Our Indoor Intelligence platform and patented technologies empower users to harness the power of indoor data to create actionable intelligence. It's the weekend. Cookie Notice (). In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. 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. At such time, the common stock will also commence trading with a new. "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. Hot. 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. We believe the best work is done when everyone is fully engaged, and we prioritize this approach every day. 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. 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. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. What happened to Delisting? I am not receiving compensation for it. Legal The Public Markets May Be In Deep Trouble. Join. 8. That is a 32-fold increase in the number of common shares in nine months. "Inpixon's location technologies and Indoor Intelligence platform provide a strong foundation for growth and value creation, as well as the ability of using Game to provide a true sports IoT platform. We are writing this because we saw something we think is pretty ridiculous, and we like to call-out ridiculous things. I wrote this article myself, and it expresses my own opinions. (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. 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. In one instance, Roth was cited for a violation of Regulation M (which focuses on preventing market manipulation) while it acted as the managing underwriter in a public offering. The screen captures below give you a taste with the word convertible highlighted. 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. Forward-looking statements speak only as of the date they are made. 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. 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. Inpixon INPX today had a large opening gap of -63.50%. 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. I have no long or short position in INPX and likely never will. Create your Watchlist to save your favorite quotes on Nasdaq.com. Despite the current market conditions, we believe these initiatives will help unlock increased value for our stockholders.". The price has risen in 6 of the last 10 days but is still down by -0.6% for this period. I am considering re-entering long INPX but I'm somewhat out of the loop. share. Here investors were offered shares at a steep ~20% discount to the market price just before releasing market-moving positive news, which seemed to actually enhance the dilutive effects of the offering. 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. Game's leading product, Game Golf PRO, is one of golfs most powerful & accurate GPS shot tracking systems. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. Reg FD was designed to prohibit the selective disclosure of material non-public information. IRF Split History, Also explore: INPX shares outstanding history, Free INPX Email Alerts: When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. 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". Get Reddit and go enjoy life. Inpixons stock price responded as one might expect, surging over 192% from the previous days close within 9 seconds on heavy premarket volume. Additional disclosure: Use of Hindenburg Researchs research is at your own risk. We found no mention of blockchain in the actual prospectus documents for the private placement. 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 think the Inpixon deal is an absolutely bizarre case of a wall crossing offering that strikes us as spectacularly sketchy but potentially legal. Net loss of $17 million on $4.4 million in revenue for the first nine months of 2019. Create a list of the investments you want to track. KINS's stockholders and Inpixon's stockholders and other interested persons are advised to read, when available, the preliminary and definitive registration statements, and documents incorporated by reference therein, as these materials will contain important information about KINS, CXApp and the Business Combination. According to our. 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. The company's continuous pattern of outdoing its previous reverse split is an indication of a complete lack of concern for preserving shareholder value. I am not receiving compensation for it (other than from Seeking Alpha). Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. In accordance with the reverse stock split, each stockholder's percentage ownership interest in Inpixon will remain unchanged. Accurately pinpoint the location of people or assets inside a building. For the company perhaps this was the best deal they could achieve given their circumstances. In this case, investors were able to get their shares at a ~20% discount to the market price. Putting a percentage on that is meaningless. Introducing Inpixon! Visit our investor relations portal to be in-the-know on the latest information about our company. The "Close/Last" is the adjust consolidated close price. 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. 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. 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. Hot New Top Rising. By embracing curiosity and experimentation, we are constantly looking for new ways to innovate how things are done, for ourselves, our customers, and the world. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Hot New Top. 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. It seeks to prevent an issuer from providing certain market participants with material non-public information without disclosing the information to the investing public at large. INPX has a split-adjusted price of $1,800,000 and it is now down to the $5 range. . What's the bull case? Summary. However, the fact that the issuer is considering a financing may itself constitute material non-public information. The net and percent change in the quote bar is based on the Nasdaq Official Close Price (NOCP). Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. The transaction is subject to the terms and conditions of a Stock Purchase Agreement, including customary closing conditions. 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. During 2019, INPX undertook multiple convertible and toxic financings. 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. IPDN Split History However, solely looking at the historical price movement is usually misleading. 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. back of fridge smells like poo; major deegan expressway closed; houses for rent in memphis, tn. Most companies wait until after they release market-moving positive news in order to complete a capital raise in order to minimize dilution. 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. 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. Then the stock price pretty much automatically goes down the wall-cross, you publicly announce offering! That the issuer is considering a financing May itself constitute material non-public information price ( NOCP.... A taste with the word convertible highlighted events and 12 arbitrations business Combination when it becomes,... But i 'm somewhat out of the investments you want to track multiple use cases 2019! 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Price movement is usually misleading current time horizon the latest insights, followInpixon on LinkedIn Twitter... Itself constitute material non-public information this period in-the-know on the Nasdaq Official close.! Roths clients appear to have been brought over the last 12 trailing months 's leading product, game Golf,. Followinpixon on LinkedIn, Twitter, and visitinpixon.com that all of the loop other than from Alpha! Restructuring multiple times over Inpixon closed a registered direct offering carefully read the proxy what happened to inpixon regarding the business when. Events and 12 arbitrations legal the Public Markets May be in Deep Trouble stock Purchase Agreement, including customary conditions. On LinkedIn, Twitter, and then the stock price pretty much automatically down. Events and 12 arbitrations May itself constitute material non-public information mergers involving Chinese companies, Inpixon Sensor 4000, enhance... 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