PALO ALTO, Calif. — Inpixon (NASDAQ: INPX), (the “Company” or “Inpixon”), a leading indoor positioning and data analytics company, today announced the launch of a public offering. The securities offered by the Company consist of Units consisting of one share of our Series 4 Convertible Preferred Stock, each convertible into shares of common stock and a warrant to purchase such number of shares of our common stock issuable upon conversion of a share of Series 4 Convertible Preferred Stock at the conversion price.
Inpixon’s common stock is listed on the NASDAQ Capital Market under the symbol “INPX.” The Company is conducting the offering in order to regain compliance with Nasdaq Listing Rule 5550(b)(1), which requires that listed companies maintain a minimum of $2.5 million in stockholders’ equity. The Company expects to use the net proceeds of the offering for working capital and general corporate purposes (including research and development and sales and marketing and the satisfaction of outstanding amounts payable to our vendors in connection with trade payables) and transaction expenses.
Roth Capital Partners is acting as the sole placement agent for the offering on a “best efforts” basis.
The securities are being offered pursuant to an effective shelf registration statement on Form S-3, as amended (File No. 333-204159), that was previously filed with the Securities and Exchange Commission (“SEC”) and declared effective on May 28, 2015. The securities may be offered only by means of a prospectus. A preliminary prospectus supplement relating to and describing the terms of the offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov and may also be obtained from Roth Capital Partners at 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800) 678-9147.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer, if at all, will be made only by means of a preliminary prospectus and final prospectus forming a part of the effective registration statement.
Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning Analytics (IPA). Inpixon sensors are designed to find all accessible cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high-performance data analytics platform, this technology delivers visibility, security, and business intelligence on any commercial or government premises worldwide. Inpixon’s products and professional services group help customers take advantage of mobile, big data, analytics, and the Internet of Things (IoT) to uncover the untold stories of the indoors. For the latest insight on IPA, follow Inpixon on LinkedIn, @InpixonHQ on Twitter, and visit inpixon.com.
Cautionary Statement Regarding Forward Looking Statements
All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements regarding Inpixon’s expectations on the completion, timing and size of the proposed public offering and the anticipated use of proceeds therefrom. These forward-looking statements are subject to a number of risks, including market conditions related to the proposed public offering and the risk factors set forth from time to time in Inpixon’s SEC filings, including but not limited to the risks that are described in the “Risk Factors” section of Inpixon’s Annual Report on Form 10-K for the year ended December 31, 2017, and in the preliminary prospectus supplement related to the proposed offering filed with the SEC, each available on the SEC’s web site at www.sec.gov. In addition to the risks described above and in Inpixon’s other filings with the SEC, other unknown or unpredictable factors also could affect Inpixon’s results. No forward-looking statements can be guaranteed, and actual results (including, without limitation, the ability to complete this offering and generate the net proceeds necessary for Inpixon to complete its business objectives) could differ significantly from those contemplated by the forward-looking statements. The information in this release is provided only as of the date of this release, and Inpixon undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Inpixon Investor Relations:
Scott Arnold, Managing Director