PALO ALTO, Calif. — Inpixon (Nasdaq:INPX) (the “Company”), a leading indoor positioning and data analytics company, today announced its previously announced rights offering (the “Rights Offering”) expired at 5:00 p.m. Eastern Time on Friday, January 11, 2019 and, as such, the rights have expired.

Participants are expected to be reduced pro-rata to the total offering size, which, was increased from 10,000 units to 12,000 units.  Preliminary estimates indicate that the Company will raise gross proceeds of approximately $12.0 million. The results of the Rights Offering and estimates regarding gross proceeds are subject to finalization and verification by the Company’s subscription agent.

Inpixon anticipates that the closing of the Rights Offering will occur on or about January 15, 2019, subject to the satisfaction or waiver of all conditions to closing. Upon the closing, the subscription agent will distribute, by way of direct registration in book-entry form or through the facilities of DTCC, as applicable, shares of Series 5 Convertible Preferred Stock and warrants to purchase common stock to holders of rights who have validly exercised their rights and paid the subscription price in full.

Each right entitled the holder to purchase one unit at a subscription price of $1,000 per unit, consisting of one share of Series 5 Convertible Preferred Stock with a stated value of $1,000 (and immediately convertible into shares of Inpixon’s common stock at a conversion price of $3.33 per share) and 300 warrants to purchase Inpixon’s common stock with an exercise price of $3.33 per share. The warrants will be exercisable for 5 years after the date of issuance.  The Series 5 Convertible Preferred Stock and the warrants comprising the units will immediately separate upon the closing of the Rights Offering.

Investors who participated in the Rights Offering should expect to see the purchased securities in their account within the next three business days. Any excess subscription payments received by the subscription agent will be returned by the subscription agent to investors, without interest or penalty.  No oversubscriptions were accepted.

Maxim Group LLC acted as dealer-manager for the Rights Offering.  Questions about the Rights Offering or requests for the prospectus supplement and accompanying prospectus may be directed to Broadridge Corporate Issuer Solutions, Inc., Inpixon’s information and subscription agent for the Rights Offering, by calling (888) 789-8409 (toll-free); or to Maxim Group LLC, 405 Lexington Avenue, New York, NY 10174, Attention: Syndicate Department, email: syndicate@maximgrp.com or telephone: (212) 895-3745.

A registration statement on Form S-3 relating to these securities has been filed by the Company with the SEC.  The Rights Offering was only made by means of a prospectus supplement and accompanying prospectus.  The prospectus supplement, as amended and supplement, relating to and describing the Rights Offering was filed with the SEC as a part of the registration statement and is available on the SEC’s web site.

About Inpixon

Inpixon (INPX) is a leader in Indoor Positioning Analytics (IPA). Inpixon IPA 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 location 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.

Safe Harbor Statement

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 Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. 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. 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. Such risks, uncertainties, and other factors include, but are not limited to, fluctuation of global economic conditions, the performance of management and employees, Inpixon’s 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. Furthermore, Inpixon operates in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. Inpixon disclaims any intention to, and undertakes no obligation to, update or revise forward-looking statements.

Contact

Inpixon Investor Relations:
CORE IR
Scott Arnold, Managing Director
+1 516-222-2560
www.coreir.com