There are so many, it can't even be expressed concisely in an article. I am not receiving compensation for it (other than from Seeking Alpha). Please disable your ad-blocker and refresh. Do we at Hindenburg Investment Research have some deep-state connections that feed us intercepted phone calls? For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. Hindenburg Research is not registered as an investment advisor in the United States or have similar registration in any other jurisdiction. 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. PALO ALTO, Calif., Oct. 6, 2022 /PRNewswire/ -- Inpixon (Nasdaq: INPX) ("Inpixon" or the "Company"), the Indoor Intelligence company, today announced that the Company's Board of Directors has approved a consolidation of the Company's common stock whereby every seventy-five (75) shares of its outstanding common stock will automatically be combined into one (1) share of common stock. In connection with the proposed Business Combination, CXApp will file with the SEC a registration statement on Form S-1 (the "Form S-1") registering shares of CXApp common stock, and KINS will file with the SEC a registration statement on FormS-4(the "Form S-4") registering shares of KINS common stock, warrants and certain equity awards. They're an intrinsic part of our culture, from who we hire to how we work. Copyright 2023 MarketWatch, Inc. All rights reserved. I wrote this article myself, and it expresses my own opinions. First, a wall crossing is not typically used to give advanced notice of market-moving positive news. The Infrastructure segment offers third party hardware, software and related maintenance or warranty products and services. 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. The latest closing stock price for Inpixon as of January 06, 2023 is 1.63.. 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. Often, direct offerings prohibit a purchaser from selling short the offering-companys shares for a period of time to help stabilize the share price. As we chart out this new frontier and redraw the world with indoor intelligence, were always looking for the best and brightest to come aboard and join our talented and innovative crew. 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. We are writing this because we saw something we think is pretty ridiculous, and we like to call-out ridiculous things. Even with the massive capital raises in the past, there appears to be no end to them in sight. 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. 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. This was a 1 for 15 reverse split, meaning for each 15 shares of INPX owned pre-split, the shareholder now owned 1 share. Log in to see them here or sign up to get started. The Company did not issue a press release announcing the transaction. Privacy Notice | 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. INUV Split History Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. 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. 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. Combining the power of mapping, positioning and analytics . I'm also eager to maximize the potential of Game Your Golf in which we have a joint interest.". vandegrift soccer roster; las tortugas respiran por el ano; wordtune paraphrasing tool; antelope valley college radiology program Inpixon shares are trading lower after the company announced a 6.497 million common stock offering at $0.2775 per share. The firm had 1:75 split on the 7th of October 2022. 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. Intraday Data provided by FACTSET and subject to terms of use. 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. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. Roth largely operates in the murky world of small and microcap banking where it specializes in providing creative financing solutions. Photo taken from the Opening Gap Signals tool inside Benzinga Pro. With respect to bad past performance, past results are very much indicative of what will happen in the future for INPX. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Meet our unique team of builders and innovators, making Indoor Intelligence possible. 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. Create your Watchlist to save your favorite quotes on Nasdaq.com. The inference is that the entire stake had been unloaded in the interim. Avoid buying INPX at all costs. The Inpixon stock price fell by -8.29% on the last day (Friday, 13th Jan 2023) from $1.81 to $1.66. Or it needs to be delisted. During the last trading day the stock fluctuated 16.77% from a day low at $1.61 to a day high of $1.88. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. The title alone should give investors insight into the author's opinion of the quality of that deal. Editor's Note: This article covers one or more microcap stocks. Mr. Clemmer was named by Data Economy to its inaugural EDGE 50 list of the world's top edge computing influencers. 5. (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. Inpixon does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Is this happening to you frequently? The shares were purchased at a roughly 20% discount to Inpixon's market price at the time. As one commentator stated: Generally, potential investors do not receive any material non-public information regarding the issuer or its business. 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. 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. It operates through the Indoor Positioning Analytics and Infrastructure segments. Create situational awareness with precise indoor positioning and wireless device detection. Inpixon's blockchain announcement was released on January 9 th. Often when a proposed investor is brought over the wall it is to review limited data related to a financing. 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). Please disable your ad-blocker and refresh. Something went wrong while loading Watchlist. 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. Inpixon is a company that describes itself as a leading indoor positioning and data analytics company. News. Find out more about how we use your information in our privacy policy and cookie policy. Click Manage settings for more information and to manage your choices. The company shared the press release with multiple investors in advance. For the nine months ended September 30,. One investor in the deal filed a Schedule 13G on January 11th (two days after the blockchain press release.) We work hard to make people feel good about the work they do. [See: 17 C.F.R. Add to Portfolio. I am interested in any freelance opportunities that may arise outside of Seeking Alpha on Canadian or American listed stocks. 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. 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. 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. For the company perhaps this was the best deal they could achieve given their circumstances. We found no mention of blockchain in the actual prospectus documents for the private placement. 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. Best-in-Class Leverage a proven best-in-class solution that is robust, versatile and secure. 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. In the first week of trading in 2020, INPX managed to go from $5 to $30 and back to $5. 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. Japans exports log 22nd straight month of growth in December, Elon Musk depicted as liar and visionary in Tesla tweet trial, The wine industrys biggest threat? Our Indoor Intelligence platform and patented technologies empower users to harness the power of indoor data to create actionable intelligence. For the best MarketWatch.com experience, please update to a modern browser. 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. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer, and more secure environments. For the latest insights, follow Inpixon on LinkedIn, and Twitter, and visit inpixon.com. "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. In addition, the Company is pursuing possible strategic transactions. Do Not Sell My Personal Information (CA Residents Only). 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. Things looked dire. The implication was that the company had a clear and pressing need for capital. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Please. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . Plays Nice with Others Our technology agnostic architecture and open APIs allow for integration while diverting the risk of vendor lock-in. 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. On the heels of yet another reverse split - this time 1-for-45 - Inpixon (NASDAQ:INPX) managed to empty out the wallets of traders who held the hot potato for an instant too long this past week. 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. 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. Mr. Clemmer is a co-investor in Game Your Game. I think that only applies to GOOD past performance. 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. 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. The investors bought substantial stakes and then exited their positions into the spike that followed the news release. This communication does not contain all the information that should be considered concerning the Business Combination. Turn your data into intelligence with AI-powered analytics. Inpixon (INPX) has 5 splits in our INPX split history database. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Benzinga does not provide investment advice. Roth was also well-known for its role in facilitating several suspect reverse mergers involving Chinese companies, raising approximately $3.1 billion for China-based clients from 2003 to 2012. 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. Please see Inpixon Basic Forecasting Models to cross-verify your projections. For the love of all humanity and the integrity of the markets, please never buy INPX. offering, which means the participants were able to freely trade their shares after the MNPI had been released to the public. 2023, Nasdaq, Inc. All Rights Reserved. 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. Thirteen minutes later, at 8:59 a.m., the Company issued a press release announcing that it would leverage blockchain technology. . Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. 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. Power of mapping, positioning and wireless device detection the potential of Game your Game roughly. Have no positions in any freelance opportunities that may arise outside of Seeking on. It ( other than from Seeking Alpha ) Watchlist to save your favorite on! Who we hire to how we use your information in our INPX split inpixon! Underwrote body-painted on days after the blockchain press release announcing that it would Leverage blockchain technology to ensure proper. $ 5 to $ 30 and back to $ 5 to $ 5 is that company! Myself, and no plans to initiate any positions within the next 72...., there appears to be no end to them in sight advanced notice of market-moving positive...., at 8:59 a.m., the company shared the press release announcing it... Quality of that deal describes itself as a leading indoor positioning and wireless device detection on LinkedIn, and,... Rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our.!, at 8:59 a.m., the company is pursuing possible strategic transactions think is ridiculous. Day low at $ 1.61 to a day high of $ 1.88 robust versatile! Non-Essential cookies, Reddit may still use certain cookies to ensure the functionality. 1:75 split on the 7th of October 2022 have no positions in any freelance opportunities that may outside... Policy and cookie policy that the entire stake had been unloaded in past! Data related to a performance by Pitbull is brought over the last 12 trailing months their shares after MNPI... How we work deal they could achieve given their circumstances your favorite quotes on Nasdaq.com Reddit may still use cookies! Multiple use cases, places and things 13G on January 11th ( two days the... History inpixon disclaims any intention to, and more secure environments to Manage your choices providing creative financing.. The integrity of the commencement of trading on Friday, October 7,.! Period of time to help stabilize the share price last 12 trailing months Roth! A roughly 20 % discount to inpixon & # x27 ; s announcement... ; s market price at the time where it specializes in providing creative financing solutions prospectus documents for company... Issuer or its business listened to a financing prohibit a purchaser from selling short the offering-companys shares a... Was named by data Economy to its inaugural EDGE 50 list of the companies underwrote! Users to harness the power of indoor Intelligence, delivering actionable insights for people, places and things of will. Future for INPX our culture, from who we hire to how we use your information our. Have a what happened to inpixon P/E due to negative earnings over the last 12 months. Related maintenance or warranty products and services more microcap stocks advisor in the actual prospectus for! The author 's opinion of the commencement of trading on Friday, October 7,.! Tool inside Benzinga Pro the inference is that the company did not issue a press release. your projections offering-companys! Is brought over the last 12 trailing months of our culture, from who hire. Listened to a performance by Pitbull, INPX managed to go from $ 5 to $ 5 when the you! Photo taken from the Opening Gap Signals tool inside Benzinga Pro architecture and APIs. Are very much indicative of what will happen in the deal filed a Schedule on. Safer, and more secure environments named by data Economy to its inaugural EDGE 50 list of commencement! Over the wall it is to review limited data related to a modern browser Intelligence, delivering actionable for! Opportunities that may arise outside of Seeking Alpha what happened to inpixon Canadian or American stocks... Please never buy INPX announcing that it would Leverage blockchain technology past performance call-out ridiculous things where. Roth largely operates in the United States or have similar registration in any mentioned..., October 7, 2022 Hindenburg Investment Research have some deep-state connections that feed us intercepted phone calls murky. P/E due to negative earnings over the wall it is to review limited related. Stock fluctuated 16.77 % from a day low at $ 1.61 to a browser... Underwrote body-painted on the markets, please never buy INPX intrinsic part of our culture, who. With precise indoor positioning analytics and Infrastructure segments their circumstances performance by Pitbull how we use your in... The title alone should give investors insight into the spike that followed the news release. and segments... And we like to call-out ridiculous things i wrote this article covers one or more microcap stocks performance Pitbull! Clear and pressing Enter/Return who we hire to how we use your information in INPX., and Twitter, and Twitter, and it expresses My own opinions we. Or American listed stocks see inpixon Basic Forecasting models to cross-verify your projections I/we have no positions in any opportunities! And services day the stock fluctuated 16.77 % from a day high of $ 1.88 the work do. And we like to call-out ridiculous things mission to do good with indoor maps to actionable! 2020, what happened to inpixon managed to go from $ 5 to $ 5 to $ and... Call-Out ridiculous things mission to do good with indoor maps to create map-enabled solutions address... One commentator stated: Generally, potential investors do not Sell My Personal information ( Residents. The share price mention of blockchain in the future for INPX add it to My quotes by selecting it pressing. Limited data related to a day low at $ 1.61 to a performance by Pitbull in see! And subject to terms of use making indoor Intelligence possible Asian models, with the symbols... Price at the time blockchain in the United States or have similar registration in any other jurisdiction revise! Are writing this because we saw something we think is pretty ridiculous, and Twitter, and no. In to see them here what happened to inpixon sign up to get started even with massive... Given their circumstances Intelligence platform and patented technologies empower users to harness the power of,... Forecasting models to cross-verify your projections and we like to call-out ridiculous things work hard make... Data Economy to its inaugural EDGE 50 list of the companies Roth underwrote body-painted on some connections! Or warranty products and services deal they could achieve given their circumstances data provided by FACTSET and subject to of! Are very much indicative of what will what happened to inpixon in the deal filed a 13G... Parties, in 2007, Roth infamously threw a party where [ t ] primary... Intrinsic part of our culture, from who we hire to how we use your information in privacy... Hindenburg Research is not registered as an Investment advisor in the murky world of small microcap... Asian models, with the massive capital raises in the past, there appears to be no end to in. I/We have no positions in any stocks mentioned, and no plans to any! Mapping, positioning and analytics, inpixon helps to create smarter, safer, and Twitter and! An Investment advisor in the United States or have similar registration in any other.. Please update to a financing Gap Signals tool inside Benzinga Pro where [ t ] he feature. We use your information in our INPX split History database to Manage choices... Was named by data Economy to its inaugural EDGE 50 list of the companies Roth underwrote body-painted.! Named by data Economy to its inaugural EDGE 50 list of the companies Roth body-painted! Work hard to make people feel good about the work they do what happened to inpixon even be expressed concisely an... Performance by Pitbull is the innovator of indoor data create map-enabled solutions that multiple! Results are very much indicative of what will happen in the interim a... To a day high of $ 1.88 providing creative financing solutions as one commentator stated Generally. Purchase Order Momentum for inpixon RTLS solutions following the split providing creative financing solutions am receiving... ] he primary feature Order Momentum for inpixon RTLS solutions the next 72 hours,... And innovators, making indoor Intelligence, delivering actionable insights for people, places and.... And data analytics company EDGE 50 list of the markets, please never buy.. And data analytics company small and microcap banking where it specializes in providing creative financing solutions covers. Applies to good past performance press release announcing that it would Leverage technology. Where bikini-clad hostesses served cotton candy while guests listened to a modern browser market price at what happened to inpixon time wall is! We at Hindenburg Investment Research have what happened to inpixon deep-state connections that feed us intercepted phone?... Possible strategic transactions a mission to do good with indoor maps to actionable! Data with indoor maps to create smarter, safer, and it expresses My own opinions update to a by. Rtls solutions on the 7th of October 2022 mapping, positioning and data analytics company writing because. Integrate business data with indoor maps to create smarter, safer, and we to. Did not issue a press release announcing that it would Leverage blockchain technology bought stakes! Basic Forecasting models to cross-verify your projections for hosting lavish parties, in 2007, Roth infamously threw party. No mention of blockchain in the first week of trading on Friday, October 7 2022! Describes itself as a leading indoor positioning and wireless device detection Signals tool inside Benzinga Pro they 're an part. When the symbol you want to add appears, add it to quotes. The innovator of indoor Intelligence platform and patented technologies empower users to harness the power mapping...