Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 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. 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. For the best MarketWatch.com experience, please update to a modern browser. Often, direct offerings prohibit a purchaser from selling short the offering-companys shares for a period of time to help stabilize the share price. Introducing Inpixon! Legal The Public Markets May Be In Deep Trouble. 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). 8. The screen captures below give you a taste with the word convertible highlighted. 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. save. 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. Do we at Hindenburg Investment Research have some deep-state connections that feed us intercepted phone calls? Through mutual respect, honesty and empathy, we build robust, harmonious teams that trust and rely on each other to overcome challenges and achieve milestones. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. "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. Visit our investor relations portal to be in-the-know on the latest information about our company. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. In steps Roth Capital, an investment bank based in Newport Beach, California, which was hired exclusively to run an offering for Inpixon. The private placement was done as a registered direct offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. 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. All quotes are in local exchange time. Explore all Inpixon supported hardware including tags, anchors, sensors and more. If you have an ad-blocker enabled you may be blocked from proceeding. 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. It takes courage to be a leader, both individually and as a team, and we embody this by whole-heartedly believing in our mission. 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. All rights reserved. Roths BrokerCheck report shows 26 total disclosure events, comprised of 14 regulatory events and 12 arbitrations. "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. This multidisciplinary depiction of indoor data enables users to increase revenue, decrease costs, and enhance safety. 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. 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. 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. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion, IIoT and the IoT to create exceptional experiences and to do good with indoor data. In 2018, the Company completed a spin-off of its then wholly owned . IOT Split History There's a saying in the investment world that past performance is not indicative of future results. 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. It is not intended to form the basis of any investment decision or any other decision in respect to the business combination. The stock has dropped about 95% in the ensuing months, eviscerating many who bought into the announcement. The title alone should give investors insight into the author's opinion of the quality of that deal. 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. The title alone should give investors insight into the author's opinion of the quality of that deal. For live updates on INPX, log in or try Benzinga Pro today. Therefore, there was no insider trading. Prior to NXP, he was a senior advisor of Kohlberg Kravis Roberts & Co., a private equity and global investment firm. Where indoor data becomes actionable intelligence. 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. Best-in-Class Leverage a proven best-in-class solution that is robust, versatile and secure. 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. 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. Join. 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. The press release mentioned blockchain ten times, but never once mentioned the massively dilutive deal that had just closed and been filed minutes earlier. Inpixon (INPX) formed in Nevada in April 1999 is a world leader in indoor intelligence. There are currently no items in this Watchlist. Reg FD was designed to prohibit the selective disclosure of material non-public information. INTC Split History IPAS Split History Historical and current end-of-day data provided by FACTSET. Please. 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. I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Press question mark to learn the rest of the keyboard shortcuts. I have no business relationship with any company whose stock is mentioned in this article. The kicker: The whole scenario may be entirely legal due to a nuance with how the information was shared. Inpixon Stock Forecast is based on your current time horizon. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. 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. At such time, the common stock will also commence trading with a new CUSIP number, 45790J867. "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. As one commentator stated: Generally, potential investors do not receive any material non-public information regarding the issuer or its business. Filings suggest that is exactly what happened. Create an account to follow your favorite communities and start taking part in conversations. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Inpixon INPX today had a large opening gap of -63.50%. In addition, the Company is pursuing possible strategic transactions. When including the potential dilution from warrants the offering had the potential to more than double the Companys shares outstanding. Additional disclosure: Use of Hindenburg Researchs research is at your own risk. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Combining the power of mapping, positioning and analytics . [See: 17 C.F.R. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. 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. (Note that these numbers are prior to a later 30/1 reverse split.) 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. EDGAR is a federally registered trademark of the U.S. Securities and Exchange Commission. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Despite the current market conditions, we believe these initiatives will help unlock increased value for our stockholders.". Presumably the other side of those trades included people who saw the exciting blockchain news and were hoping to take the stock for a ride. vandegrift soccer roster; las tortugas respiran por el ano; wordtune paraphrasing tool; antelope valley college radiology program Please disable your ad-blocker and refresh. For the company perhaps this was the best deal they could achieve given their circumstances. From April 26- October 24, 2022 to make compliance. Roth pocketed $334,800 for their role in the deal according to a form D filing. 10.1 Pg. Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. INPX disclosed that it has a working capital deficiency of approximately $11.5 million. The balance sheet shows $500,000 in cash, $4.5 million in total current assets and $11 million in notes and receivables due from a related party that are booked as long-term assets (i.e. 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. 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. At such time, the common stock will also commence trading with a new. When autocomplete results are available use up and down arrows to review and enter to select. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. ; The Inpixon 52-week low stock price is 1.58, which . Often, such provisions place restrictions on share sales for one month to one year (or longer). 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. Inpixon is a vibrant, agile tech company providing indoor intelligence solutions for global enterprise leaders. The company's Indoor Intelligence and mobile app solutions are. You may even be wondering how we found this out. card classic compact. 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, 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. Inpixon is a company that describes itself as a leading indoor positioning and data analytics company. Do Not Sell My Personal Data/Privacy Policy. No. Inpixon does not have a meaningful P/E due to negative earnings over the last 12 trailing months. 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. reverse mergers involving Chinese companies, Inpixon closed a registered direct offering. The key non-public information in a typical wall crossing transaction may even be the mere fact that an issuer is looking for capital. Posted by 6 months ago. 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. During the blockchain mania that enraptured the market earlier in the year, Inpixon issued a press release announcing a new blockchain initiative. 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. INVT Split History Copy and paste multiple symbols separated by spaces. Touch device users, explore by touch or with swipe gestures. 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 price and volume predictably surged on the news. The Inpixon stock price fell by -8.29% on the last day (Friday, 13th Jan 2023) from $1.81 to $1.66. 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. 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. For real-time updates on INPX, beat the news and login or try Benzinga Pro. Click Manage settings for more information and to manage your choices. The FormS-4to be filed by KINS will include a proxy statement/prospectus in connection with the KINS stockholder vote required in connection with the proposed Business Combination. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. 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. Putting a percentage on that is meaningless. I am not receiving compensation for it (other than from Seeking Alpha). Anything in the pipeline that looks promising for a long term hold? Important Information and Where to Find It. Most companies wait until after they release market-moving positive news in order to complete a capital raise in order to minimize dilution. However, the same section of Reg FD that exempts securities offerings also notes that an issuer cannot avoid the prohibition against selective disclosure by simply registering an offering in order to evade the requirements of Reg FD. PALO ALTO, Calif., Mar. 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