For the nine months ended September 30,. 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. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. 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. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. Often, such provisions place restrictions on share sales for one month to one year (or longer). The screen captures below give you a taste with the word convertible highlighted. Mr. Clemmer is a co-investor in Game Your Game. The company's Indoor Intelligence and mobile app solutions are leveraged by a . 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. (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. Therefore, there was no insider trading. By late 2017, the company was nearly bankrupt. The screen captures below give you a taste with the word convertible highlighted. I am considering re-entering long INPX but I'm somewhat out of the loop. 5. I wrote this article myself, and it expresses my own opinions. Founded by Nate Anderson, CFA, CAIA, Hindenburg Investment Research specializes in forensic research and activist short-selling. I am not receiving compensation for it. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . 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. Mr. Clemmer was named by Data Economy to its inaugural EDGE 50 list of the world's top edge computing influencers. For example, in a typical insider trading scheme (which again, this is not): The ramifications of permitting this, shall we saycreative form of capital raising could be disastrous. Here Are 36 Stocks Moving In Tuesday's Mid-Day Session. 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. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. Marketing materials are limited to an issuers exchange act or other public filings or to a road show type presentation that is viewed by pre-cleared investors. 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. Get to know the incredible depth and expertise offered by our board of directors. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. But you don't have to believe me, just ask the company. "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. This was a 1 for 15 reverse split, meaning for each 15 shares of INPX owned pre-split, the shareholder now owned 1 share. Details of this astronomically dilutive share sale were first revealed to investors at 8:46:09 a.m. on January 9, 2018 when the company filed its form 8-K with the SEC. By 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. Inpixon (INPX) has 5 splits in our INPX split history database. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Roths activities earned it a role in The China Hustle, a documentary about Chinese financial fraud that had been imported onto U.S. exchanges via such reverse mergers. 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. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. ", "This is an especially exciting time for Inpixon," noted Mr. Clemmer. save. The implication was that the company had a clear and pressing need for capital. Prior to NXP, he was a senior advisor of Kohlberg Kravis Roberts & Co., a private equity and global investment firm. 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. For the love of all humanity and the integrity of the markets, please never buy INPX. Going back to this time last year I was keeping tabs but I'm somewhat out of the loop now. 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. 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. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. the discounted shares through a private placement offering. Historical and current end-of-day data provided by FACTSET. Until it stops with the dilutive capital raises with vulture financiers and reverse splits, the stock is going to be perpetually headed to zero. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. 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. 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. 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. 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. Accurately pinpoint the location of people or assets inside a building. That didnt work out too well for those who hopped aboard. 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. None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. It's essentially a wipeout restructuring multiple times over. 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. At such time, the common stock will also commence trading with a new. Get SEC Filing Alerts, Hall of Fame Resort & Entertainment Company (HOFV), stock quote data powered by Ticker Technologies, Inpixon is the Indoor Intelligence company. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. PALO ALTO, Calif., Mar. 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. Press question mark to learn the rest of the keyboard shortcuts. Legal The Public Markets May Be In Deep Trouble. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. 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. to get the full dilutive picture. I have no business relationship with any company whose stock is mentioned in this article. Contrary to the typical wall crossing deal, the terms of the Inpixon deal strike us as highly irregular for a variety of reasons. Copyright 2023 MarketWatch, Inc. All rights reserved. Media relations and general inquiries:InpixonEmail:marketing@inpixon.comWeb:inpixon.com/contact-us, Investor relations:Crescendo Communications, LLCTel: +1 212-671-1020Email:INPX@crescendo-ir.com, Inpixon Appoints Former NXP CEO, Richard Clemmer, as Advisor and Announces Co-Investment With Clemmer in Sports Performance Analytics Company, 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. Intraday Data provided by FACTSET and subject to terms of use. 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. Combining the power of mapping, positioning and analytics . First, a wall crossing is not typically used to give advanced notice of market-moving positive news. 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. Type a symbol or company name. "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. Concurrent with the reverse stock split, the authorized shares will also be proportionately reduced consistent with the reverse split ratio. Our values are wired into our DNA as a company. Inpixon is on a mission to do good with indoor data. Inpixon (INPX) formed in Nevada in April 1999 is a world leader in indoor intelligence. Reg FD was designed to prohibit the selective disclosure of material non-public information. This is not a regulatory issue here. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. ff): The Company further understands and acknowledges that (y) one or more Purchasers may engage in hedging activities at various times during the period that the Securities are outstanding, including, without limitation, during the periods that the value of the Warrant Shares deliverable with respect to Securities are being determined. IPDN Split History "As previously disclosed, we have undertaken a number of significant initiatives aimed at increasing stockholder value, including: (i) reducing corporate expenses to streamline operations; (ii) entering into a definitive agreement for the planned spin-off and sale of our newly formed subsidiary, CXApp Holding Corp., for shares in KINS Technology Group, Inc. (Nasdaq: KINZ; KINZW), valued at approximately $69 million to be issued to our securityholders as of a to be determined record date; and (iii) entry into a non-binding letter of intent with a third party involving the remainder of our business. Mid-Day Session in April 1999 is a world leader in indoor Intelligence had clear! Would leverage blockchain technology party where bikini-clad hostesses served cotton candy while guests listened a! ( PRNewsfoto/Inpixon ) the reverse stock split will be effective as of the world 's top EDGE computing influencers my! 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