Having a healthy balance between your personal and professional life is important to us. All told the offering looks to have been a sweet deal for Roth and the investors. It operates through the Indoor Positioning Analytics and Infrastructure segments. The Company did not issue a press release announcing the transaction. 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. DATA AS OF May 12, 2022. Therefore, there was no insider trading. I am not receiving compensation for it (other than from Seeking Alpha). He also served in leadership roles at Agere Systems (the Lucent SC company), NCR Corporation, u-Nav Microelectronics, and Quantum Corporation. 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. (Note that these numbers are prior to a later 30/1 reverse split.) Often when a proposed investor is brought over the wall it is to review limited data related to a financing. 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. As we continue to grow globally, our core values guide us on how to support our people our employees, customers and partners. INPX has a split-adjusted price of $1,800,000 and it is now down to the $5 range. No. The Company described its precarious financial condition as follows: Our financial statements as of December 31, 2016 and September 30, 2017 include an explanatory paragraph referring to our recurring and continuing losses from operations and expressing substantial doubt in our ability to continue as a going concern without additional capital becoming available. The company's Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. The person receiving an illegal tip may be limited by imprecise timing of the news release or may have imperfect information. Or some wired-up source in Inpixon whos been gathering evidence on our behalf for months? 17 sec. Touch device users, explore by touch or with swipe gestures. None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS will achieve their expectations. Turn your data into intelligence with AI-powered analytics. Do Not Sell My Personal Information (CA Residents 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. In 2018, the Company completed a spin-off of its then wholly owned . 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. 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. Putting a percentage on that is meaningless. For the latest insights, followInpixon on LinkedIn,Twitter, and visitinpixon.com. 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. Known for hosting lavish parties, in 2007, Roth infamously threw a party where [t]he primary feature . Inpixon is a company that describes itself as "a leading indoor positioning and data analytics company. 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. INVN Split History Rising. Discuss. We genuinely care about your wellbeing and offer encouragement and tools on how to nurture it, so you can succeed with us, sustainably. The screen captures below give you a taste with the word convertible highlighted. The title alone should give investors insight into the author's opinion of the quality of that deal. 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. Inpixon (Nasdaq: INPX) is the innovator of Indoor Intelligence, delivering actionable insights for people, places and things. They're an intrinsic part of our culture, from who we hire to how we work. (PRNewsfoto/Inpixon) The reverse stock split will be effective as of the commencement of trading on Friday, October 7, 2022. Mr. Clemmer was named by Data Economy to its inaugural EDGE 50 list of the world's top edge computing influencers. Our Indoor Intelligence platform and patented technologies empower users to harness the power of indoor data to create actionable intelligence. Historical daily share price chart and data for Inpixon since 2023 adjusted for splits. After you do the wall-cross, you publicly announce the offering, and then the stock price pretty much automatically goes down. It does not matter if it found a pool-sized deposit of pure gold underneath its head office. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. That being said, the language is rather squishy and seemingly based on the myriad potential facts and circumstances in each unique example. The private placement was done as a . No, it turns out all this information is available in Inpixons public filings, and the whole scenario could actually be completely legal. Please be aware of the risks associated with these stocks. Create situational awareness with precise indoor positioning and wireless device detection. Get up to 10 years of daily historical stock prices & volumes. I have no business relationship with any company whose stock is mentioned in this article. Our team is at the forefront of everything we do. The stock has dropped about 95% in the ensuing months, eviscerating many who bought into the announcement. 243.100 (b)(2)(iii).]. This communication shall neither constitute an offer to sell nor the solicitation of an offer to buy any securities or the solicitation of any proxy vote, consent or approval in any jurisdiction in connection with the Business Combination, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to any registration or qualification under the securities laws of any such jurisdictions. Important Information and Where to Find It. "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. 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 discounted shares through a private placement offering. Stockholders are urged to carefully read the proxy statement/prospectus regarding the Business Combination when it becomes available, because it will contain important information. Create an account to follow your favorite communities and start taking part in conversations. Based on the pattern since 2017, I believe that the next reverse split is in the not-too-distant future. The Inpixon Values We Live By Our values are wired into our DNA as a company. You may even be wondering how we found this out. 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. ", "This is an especially exciting time for Inpixon," noted Mr. Clemmer. Create a list of the investments you want to track. I cannot stress this enough for a dilution machine like INPX. not anticipated to be liquid any time soon and investors can come to their own conclusion on the legitimacy and appropriateness of this transaction given INPX's financial state) versus $19 million in total liabilities. If in 5 years, the micro and small cap markets devolve into a web of dubious wall-crossing offerings this little deal may mark a point in time where it all began. Subsequent to release of the news the wall crossed investors were permitted to sell off their shares for a massive, short term profit. 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). Combining the power of mapping, positioning and analytics,. 2023, Nasdaq, Inc. All Rights Reserved. Roth pocketed $334,800 for their role in the deal according to a form D filing. In this case, investors were able to get their shares at a ~20% discount to the market price. 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. 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. 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. Photo taken from the Opening Gap Signals tool inside Benzinga Pro. In no event should Hindenburg Research or any affiliated party be liable for any direct or indirect trading losses caused by any information in this report. Game Golf was previously awarded Golf Digest's Editors Choice of Best Golf Analyzer. 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