Inpixon Launches Public Offering
February 14 2018 - 5:15PM
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 (i) Class A Units,
each consisting of one share of common stock and a warrant to
purchase one share of common stock, and (ii) Class B Units, each
consisting of one of our Series 3 Convertible Preferred Stock, each
convertible into shares of common stock, and warrants exercisable
for the number of shares of common stock into which the shares of
Series 2 Convertible Preferred Stock are convertible.
The offering is expected to close on or about
February 20, 2018, subject to customary closing conditions.
Inpixon’s common stock is listed on the NASDAQ Capital Market under
the symbol “INPX.” The net proceeds of the offering will be used
for working capital and general corporate purposes and to support a
divesture of the Company’s infrastructure business segment
(including research and development and sales and marketing).
Roth Capital Partners is acting as the sole
placement agent for the offering on a “best efforts” basis. Maxim
Group LLC is acting as a financial advisor in connection with the
offering.
A registration statement relating to these
securities has been filed with the Securities and Exchange
Commission (the “SEC”) and was declared effective on February 14,
2018. This offering is being made by means of a preliminary
prospectus previously filed with the SEC which is available on the
SEC’s website located at http://www.sec.gov. A final prospectus
describing the terms of the offering will be filed with the SEC and
will be available on the SEC’s website located at www.sec.gov.
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. Copies of the preliminary
prospectus and final prospectus relating to this offering may be
obtained, when available, from Roth Capital Partners, LLC, 888 San
Clemente, Suite 400, Newport Beach, CA 92660, (800) 678-9147 or by
accessing the SEC’s website, www.sec.gov.
About InpixonInpixon
(NASDAQ:INPX) is a leader in Indoor Positioning and Data Analytics.
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,
infrastructure solutions, 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 Indoor Positioning and Data
Analytics, follow Inpixon on LinkedIn, @InpixonHQ on Twitter, and
visit inpixon.com.
Cautionary Statement Regarding
Forward Looking StatementsAll 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, the fluctuation of global
economic conditions, the performance of management and employees,
the Company’s ability to obtain financing, competition, general
economic conditions and other factors that are detailed in the
Company’s periodic and current reports available for review at
www.sec.gov. Furthermore, we operate 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. We
disclaim any intention to, and undertake no obligation to, update
or revise forward-looking statements.
For More Information:
Inpixon Investor Relations
CorProminence LLC Scott Arnold, Managing Director+1
516-222-2560corprominence.com
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