Combining the power of mapping, positioning and analytics . Having a healthy balance between your personal and professional life is important to us. This alone would be a fairly mundane revelation given the number of similar stories at the time, but in Inpixons case, there was one unique factor: the blockchain press release was shared with a select group of investors in advance. 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. 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. 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. Working hard is key but so is taking care of yourself and your community. Historical and current end-of-day data provided by FACTSET. Something went wrong while loading Watchlist. The investors bought substantial stakes and then exited their positions into the spike that followed the news release. Therefore, there was no insider trading. There are currently no items in this Watchlist. 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 Company did not issue a press release announcing the transaction. IOT Split History From April 26- October 24, 2022 to make compliance. 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. This language gave a potential arbitrage profit to the purchasers because they could sell short Inpixons shares at any point above the warrants strike price and cover their short at a profit once the warrant registration became effective. Reg FD was designed to prohibit the selective disclosure of material non-public information. Mr. Clemmer was named by Data Economy to its inaugural EDGE 50 list of the world's top edge computing influencers. 17 sec. However, such information is presented as is, without warranty of any kind whether express or implied. 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. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. Cookie Notice (). This communication is restricted by law; it is not intended for distribution to, or use by any person in, any jurisdiction where such distribution or use would be contrary to local law or regulation. During the last trading day the stock fluctuated 16.77% from a day low at $1.61 to a day high of $1.88. Copy and paste multiple symbols separated by spaces. All told the offering looks to have been a sweet deal for Roth and the investors. During the height of "blockchain mania" Inpixon issued a press release announcing that it would leverage the blockchain. Builds Upon Purchase Order Momentum for Inpixon RTLS Solutions. Hot. Inpixon's trailing 12-month revenue is $19.3 million with a -574.6% profit margin. Integrate business data with indoor maps to create map-enabled solutions that address multiple use cases. Inpixon INPX today had a large opening gap of -63.50%. The shares were purchased at a roughly 20% discount to Inpixon's market price at the time. 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. After 8 years in Corporate Finance with a Canadian Telecom company I have decided to dedicate myself full-time to the capital markets. 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. (Note that these numbers are prior to a later 30/1 reverse split.) 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. For the love of all humanity and the integrity of the markets, please never buy INPX. Create your Watchlist to save your favorite quotes on Nasdaq.com. Have there been any more dilutions since fall last year? 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. INTC Split History 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. I have no business relationship with any company whose stock is mentioned in this article. INPX News Today | Why did Inpixon stock go up today? ", "This is an especially exciting time for Inpixon," noted Mr. Clemmer. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. 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 $5 and $10 pricepoints tend to be important in this regard. We, Yahoo, are part of the Yahoo family of brands. INPX has a history of multiple highly dilutive secondary financings with brokers that are known for toxic microcap deals. 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. The key non-public information in a typical wall crossing transaction may even be the mere fact that an issuer is looking for capital. Inpixon Workplace Readiness Solution Selected by Prive Clinics to Safeguard the Health and Welfare of Clients, Inpixon Enhances Enterprise-Class and Social Distancing Features with New Inpixon Mapping Release, Inpixon Introduces UWB Personnel Tag for Real-Time Location System. Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. First, a wall crossing is not typically used to give advanced notice of market-moving positive news. According to our. 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. The company's Indoor Intelligence and mobile app solutions are leveraged by a . Read Note 10 - Capital Raises through Note 12 - Preferred Stock on the company's Q3 financial filing to get the full dilutive picture. Avoid buying INPX at all costs. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. The. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Currently operating in 7 countries with over 250 employees, Inpixon is bringing its Indoor Intelligence solutions, technology, and expertise to a global market. I think that only applies to GOOD past performance. All expressions of opinion are subject to change without notice, and Hindenburg Research does not undertake to update or supplement this report or any of the information contained herein. So someone who held 810,000 shares in February 2017 now has a grand total of 1 share. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. 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. 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. If you have an ad-blocker enabled you may be blocked from proceeding. I wrote this article myself, and it expresses my own opinions. Here, Roths clients appear to have been brought over the wall in large part to view the blockchain press release. Posted by 6 months ago. For example, a 1000 share position pre-split, became a 66.6666666666667 share position following the split. 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. Or it needs to be delisted. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. Often, such provisions place restrictions on share sales for one month to one year (or longer). Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 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. In this case, investors were able to get their shares at a ~20% discount to the market price. Please be aware of the risks associated with these stocks. 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. Most companies wait until after they release market-moving positive news in order to complete a capital raise in order to minimize dilution. Important Information and Where to Find It. I am not receiving compensation for it (other than from Seeking Alpha). I consider this article to be a public service announcement which hopefully (usually new) retail traders will read before being sucked into the liquid and volatile day trading fun this stock provides every so often before giving a kick to the gut of its newly sucked in shareholders. 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. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements. . The inference is that the entire stake had been unloaded in the interim. the discounted shares through a private placement offering. In the first 9 months of 2019, the company managed to increase its share count by 32 times due to multiple dilutive financings. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. One investor in the deal filed a Schedule 13G on January 11th (two days after the blockchain press release.) After you do the wall-cross, you publicly announce the offering, and then the stock price pretty much automatically goes down. Learn more about Inpixons proprietary sensors including Inpixon Pod, Inpixon Sensor 4000, and Inpixon Sensor Ultra. 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.