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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K/A

(Amendment No. 1)

 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): February 16, 2024

 

INPIXON

(Exact name of registrant as specified in its charter)

 

Nevada   001-36404   88-0434915
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

2479 E. Bayshore Road, Suite 195
Palo Alto, CA

  94303
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (408) 702-2167

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered
Common Stock   INPX   The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

Explanatory Note

 

On February 23, 2024, Inpixon filed a Current Report on Form 8-K (the “Original Form 8-K”) to report that on February 21, 2024, Inpixon completed the disposition of assets and liabilities primarily relating to its Saves, Shoom and Game Your Game business, including 100% of the equity interests of Inpixon India, Grafiti GmbH (previously Inpixon Gmbh) and Game Your Game, Inc., which were held by Inpixon’s wholly-owned subsidiary Grafiti LLC, pursuant to an equity purchase agreement, dated as of February 16, 2024 by and among Inpixon, Grafiti LLC and Grafiti Group LLC (the “Disposition”), as part of the Solutions Divestiture described in the Original Form 8-K. Additionally, another aspect of the Solutions Divestiture involved Inpixon’s distribution of common shares of Grafiti Holding Inc., a subsidiary of Inpixon that holds Inpixon Ltd., a United Kingdom (“UK”) limited company operating Inpixon’s SAVES line of business in the UK, to a liquidating trust in connection with the spin-off of common shares of Grafiti Holding Inc. to Inpixon’s stockholders and other entitled security holders as of the record date, as described in a Current Report on Form 8-K filed by Inpixon on January 3, 2024.

 

This Current Report on Form 8-K/A amends the Original Form 8-K to include the pro forma financial information reflecting the Solutions Divestiture (including the Disposition) required by Item 9.01(b) of Form 8-K that was excluded from the Original Form 8-K. The disclosure included in the Original Form 8-K otherwise remains unchanged.

 

Item 9.01 Financial Statements and Exhibits.

 

(b) Pro forma financial information

 

The unaudited pro forma condensed consolidated financial statements reflecting the Solutions Divestiture (including the Disposition) as of September 30, 2023 and for the nine months ended September 30, 2023 and for the year ended December 31, 2022 are attached hereto as Exhibit 99.1 and are incorporated by reference herein.

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Unaudited pro forma condensed consolidated financial statements of Inpixon.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  INPIXON
   
Date: February 27, 2024 By: /s/ Nadir Ali
  Name:  Nadir Ali
  Title: Chief Executive Officer

 

 

2

 

 

Exhibit 99.1

 

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION

 

The following unaudited pro forma condensed consolidated financial information presents the Solutions Divestiture and certain other material transactions, as further described below. The following unaudited pro forma condensed consolidated financial information has been prepared in accordance with Article 11 of Regulation S-X. Defined terms included below have the same meaning as terms defined and included elsewhere in this filing.

 

The historical financial information of Inpixon was derived from the unaudited condensed consolidated financial statements of Inpixon and subsidiaries as of and for the nine months ended September 30, 2023 and the audited consolidated financial statements of Inpixon and subsidiaries for the year ended December 31, 2022. Such unaudited pro forma financial information has been prepared on a basis consistent with the financial statements of Inpixon and its subsidiaries. This information should be read together with the financial statements of Inpixon and related notes.

 

The unaudited pro forma condensed consolidated balance sheet as of September 30, 2023 presents the historical balance sheet of Inpixon on a pro forma basis as if the Solutions Divestiture had been consummated on September 30, 2023. The unaudited pro forma condensed consolidated statements of operations for the nine months ended September 30, 2023 and for the year ended December 31, 2022 give pro forma effect to the Solutions Divestiture and other material transactions as if they had occurred on January 1, 2022, the beginning of the earliest period presented.

 

These unaudited pro forma condensed consolidated financial statements are for informational purposes only. They do not purport to indicate the results that would have been obtained had the Solutions Divestiture actually been completed on the assumed date or for the periods presented, or which may be realized in the future. The pro forma adjustments are based on the information currently available and the assumptions and estimates underlying the pro forma adjustments are described in the accompanying notes. Actual results may differ materially from the assumptions within the accompanying unaudited pro forma condensed consolidated financial information.

 

Description of the Solutions Divestiture

 

On October 23, 2023, a Business Combination Agreement (the “Damon Business Combination Agreement”) was entered into by and among Inpixon, Grafiti Holding, Inc., 1444842 B.C. LTD (“Amalco Sub”), and Damon Motors, Inc. (“Damon”), pursuant to which Damon will combine and merge with Amalco Sub, a British Columbia corporation and a wholly-owned subsidiary of Grafiti Holding, Inc., with Damon continuing as the surviving entity and a wholly-owned subsidiary of Grafiti Holding, Inc. (the “Grafiti Holding Transaction”).

 

Pursuant to the Damon Business Combination Agreement, Inpixon formed a newly wholly owned subsidiary, Grafiti Holding, Inc for the sole purpose of consummation of the Grafiti Holding Transaction. Inpixon contributed the assets and liabilities of Inpixon UK, a wholly owned subsidiary of Inpixon, to the then Inpixon wholly owned subsidiary Grafiti Holding, Inc. in accordance with the separation and distribution agreement. As the Registration Statement for the Damon Business Combination Agreement is not expected to become effective until the first half of 2024, on December 27, 2023 Inpixon transferred the Grafiti common shares to a newly-created liquidating trust, titled the Grafiti Holding Inc. Liquidating Trust (the “Trust”), which holds the Grafiti Holding, Inc. common shares for the benefit of the participating Inpixon securityholders. The Grafiti Holding, Inc. common shares will be held by the Trust until the Registration Statement has been declared effective by the Securities and Exchange Commission (the “SEC”). Promptly following the effective time of the Registration Statement, the Trust will deliver the Grafiti Holding, Inc. common shares to the participating Inpixon securityholders, as beneficiaries of the Trust, pro rata in accordance with their ownership of shares or underlying shares of Inpixon common stock as of the record date. Amalco Sub, a wholly-owned, direct subsidiary of Grafiti Holding, Inc., will merge with Damon resulting in Damon as the surviving entity post-merger (“Damon Surviving Corporation”). Upon the consummation of the Merger, both Inpixon UK and Damon will be wholly-owned subsidiaries of Grafiti Holding, Inc.. Following the Merger, Grafiti Holding, Inc. shall be known as the “Grafiti Combined Company.” The combined company will be renamed Damon Motors, Inc., and the ticker symbol will be changed to a symbol to be determined concurrent with the closing.

 

On February 20, 2024, Inpixon entered into an Equity Purchase Agreement to divest the remaining portion of Shoom, SAVES, and GYG that is excluded from the Grafiti Holding Transaction. The Company notes that this sale was probable as of December 31, 2023. The Equity Purchase Agreement, by and among Inpixon (“Seller”), Grafiti LLC, and Nadir Ali (“Buyer”), is structured so that Buyer will purchase from Seller 100% of the equity interest in Grafiti LLC for a minimum purchase price of $1,000,000 paid in two annual cash installments of $500,000 due within 60 days after December 31, 2024 and 2025. The purchase price and annual cash installment payments will be (i) increased for 50% of net income after taxes, if any, from the operations of Grafiti LLC for the years ended December 31, 2024 and 2025; (ii) decreased for the amount of transaction expenses assumed; (iii) increased or decreased by the amount working capital of Grafiti LLC on the closing balance sheet is greater or less than $1,000,000. The Company notes that the purchase price as of the date of this filing was $1,000,000.

 

 

 

 

UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET

AS OF SEPTEMBER 30, 2023

(in thousands, except share and per share amounts)

 

    INPX
(Historical)
    Pro Forma
Adjustments for
Divestiture of Grafiti
Holdings Inc.
    Pro Forma
Adjustments for Sale
of Grafiti LLC
    Additional Pro Forma
Adjustments
    Note   INPX Pro Forma As
Adjusted
 
          Note 1     Note 2                  
ASSETS                                  
Current assets:                                  
Cash and cash equivalents   $ 13,489     $ (348 )   $ (811 )   $ 2,356     B   $ 11,686  
                              (3,000 )   C        
Accounts receivable, net of allowances     1,560       (46 )     (886 )               628  
Notes and other receivables     2,210             (118 )     3,000     C     6,092  
                      1,000                      
Inventory     3,355             (1,353 )               2,002  
Prepaid expenses and other current assets     1,949       (2 )     (250 )               1,697  
Total current assets     22,563       (396 )     (2,418 )     2,356           22,105  
                                             
Property and equipment, net     1,013             (717 )               296  
Operating lease right-of-use asset, net     376             (10 )               366  
Software development costs, net     988             (605 )               383  
Investments in equity securities     189             (189 )                
Long-term investments     50             (50 )                
Intangible assets, net     2,304                             2,304  
Other assets     164             (23 )               141  
Total Assets   $ 27,647     $ (396 )   $ (4,012 )   $ 2,356         $ 25,595  
                                             
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)  
Current liabilities:                                            
Accounts payable   $ 1,920       (1 )     (921 )               998  
Accrued liabilities     3,569       (65 )     (835 )     (707 )   A     1,962  
Warrant liability     1,410                   (491 )   B     919  
Operating lease obligation, current     198             (7 )               191  
Deferred revenue     1,315       (100 )     (682 )               533  
Short-term debt     11,165                   (1,861 )   A     9,304  
Total current liabilities     19,577       (166 )     (2,445 )     (3,059 )         13,907  
Operating lease obligation, noncurrent     188             (4 )               184  
Total Liabilities     19,765       (166 )     (2,449 )     (3,059 )         14,091  
                                             
Stockholders’ Equity (Deficit)                                            
Series 4 Convertible Preferred Stock                                  
Series 5 Convertible Preferred Stock                                  
Common Stock     112                   33     A     194  
                              49     B        
Additional paid-in capital     358,692       (230 )           2,535     A     367,156  
                              6,159     B        
Treasury stock     (695 )                           (695 )
Accumulated other comprehensive (loss) income     41                             41  
Accumulated deficit     (347,971 )           (3,860 )     (3,361 )   B     (355,192 )
Stockholders’ Equity Attributable to Inpixon     10,179       (230 )     (3,860 )     5,415           11,504  
                                             
Non-controlling Interest     (2,297 )           2,297                  
                                             
Total stockholders’ equity (deficit)     7,882       (230 )     (1,563 )     5,415           11,504  
Total Liabilities and Stockholder’s Equity   $ 27,647     $ (396 )   $ (4,012 )   $ 2,356         $ 25,595  

 

2

 

 

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023

(in thousands, except share and per share amounts)

 

    INPX
(Historical)
 
  Pro Forma
Adjustments for
Divestiture of
Grafiti Holdings
Inc.
    Pro Forma
Adjustments for
Sale of Grafiti
LLC
    Additional Pro Forma
Adjustments
    Note   Spin-Off of
CXApp
    INPX Pro Forma
As Adjusted
 
          Note 1     Note 2               Note 3        
Revenues   $ 7,177     $ (327 )     (3,364 )             $     $ 3,486  
Cost of revenues     1,632       (129 )     (385 )                     1,118  
Gross profit     5,545       (198 )     (2,979 )                     2,368  
                                                     
Operating expenses:                                                    
Research and development     6,380             (2,838 )                     3,542  
Sales and marketing     3,506       (132 )     (1,412 )                     1,962  
General and administrative     13,596       (71 )     (1,148 )                     12,377  
Acquisition-related costs     2,343                                   2,343  
Transaction costs     2,970                                   2,970  
Amortization of intangibles     671                                   671  
Total operating expenses     29,466       (203 )     (5,398 )                     23,865  
                                                     
Loss from operations     (23,921 )     5       2,419                       (21,497 )
                                                     
Other income (expense):                                                    
Interest income (expense), net     (4,300 )           236       493     D           (3,571 )
Other (expense) income     1,169             (120 )     (1,142 )   H           (93 )
Unrealized gain/(loss) on equity securities     5,733                   (5,733 )   H            
Realized loss on equity securities     (6,692 )                 6,692     H            
Total other income (expense)     (4,090 )           116       310                 (3,664 )
                                                     
Net Loss from continuing operations, before tax     (28,011 )     5       2,535       310                 (25,161 )
Income tax provision     (2,488 )                           2,589       101  
Net Loss from continuing operations     (30,499 )     5       2,535       310           2,589       (25,060 )
                                                     
Loss from discontinued operations, net of tax     (4,856 )                           4,856        
                                                     
Net Loss     (35,355 )     5       2,535       310           7,445       (25,060 )
                                                     
Net Loss Attributable to Non-controlling Interest     (1,131 )           1,131                        
                                                     
Net Loss Attributable to Stockholders     (34,224 )     5       1,404       310           7,445       (25,060 )
Preferred Dividends                                        
                                                     
Net Loss Attributable to Common Stockholders   $ (34,224 )   $ 5     $ 1,404     $ 310         $ 7,445     $ (25,060 )
                                                     
Net Loss Per Share - Basic and Diluted                                                    
Continuing Operations   $ (0.82 )                                       $ (0.70 )
Discontinued Operations   $ (0.14 )                                       $  
Net Loss Per Share - Basic and Dilutive   $ 0.96                                         $ (0.70 )
                                                     
Weighted Average Shares Outstanding                                                    
Basic and Diluted     35,845,916                                           35,845,916  

 

3

 

 

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2022

(in thousands, except share and per share amounts)

 

   INPX
(Historical)
   Pro Forma
Adjustments for
Divestiture of
Grafiti Holdings
Inc.
   Pro Forma
Adjustments for
Sale of Grafiti
LLC
   Additional Pro Forma
Adjustments
   Note  Spin-Off of
CXApp
   INPX Pro Forma
As Adjusted
 
       Note 1   Note 2          Note 3     
Revenues  $10,948   $(406)  $(4,433)  $      $   $6,109 
Cost of revenues   3,425    (40)   (1,265)  $      $   $2,120 
Gross profit   7,523    (366)   (3,168)              3,989 
                                  
Operating expenses:                                 
Research and development   8,338        (3,854)         $   $4,484 
Sales and marketing   3,876    (203)   (1,459)         $   $2,214 
General and administrative   15,520    (154)   (1,312)         $   $14,054 
Acquisition-related costs   410                 $   $410 
Impairment of goodwill   6,659        (5,476)         $   $1,183 
Amortization of intangibles   1,526        (639)         $   $887 
Total operating expenses   36,329    (357)   (12,740)             22,232 
                                  
Loss from operations   (28,806)   (9)   9,572               (19,243)
                                  
Other income (expense):                                 
Interest income (expense), net   (677)       77    360   E  $   $(185)
                   55   D          
Other expense, net   693    (8)   (63)         $   $622 
Unrealized loss on equity method investment   (1,784)           1,784   H  $   $ 
Unrealized gain/(loss) on equity securities   (7,904)           7,904   H  $   $ 
Warrant inducement expense               (3,361)  F       (3,361)
Total other income (expense)   (9,672)   (8)   14    6,742           (2,924)
                                  
Net Loss from continuing operations, before tax   (38,478)   (17)   9,586    6,742      $   $(22,167)
Income tax provision   249    (2)   39          $   $286 
Net Loss from continuing operations   (38,229)   (19)   9,625    6,742           (21,881)
                                  
Loss from discontinued operations, net of tax   (28,075)           (3,860)  G  $28,075   $(3,860)
                                  
Net Loss   (66,304)   (19)   9,625    2,882       28,075    (25,741)
                                  
Net Loss Attributable to Non-controlling Interest   (2,910)       2,910                
                                  
Net Loss Attributable to Stockholders   (63,394)   (19)   6,715    2,882       28,075    (25,741)
Accretion of Series 7 Preferred Stock   (4,555)                       (4,555)
Accretion of Series 8 Preferred Stock   (13,090)                       (13,090)
Deemed dividend for the modification related to Series 8 Preferred Stock   (2,627)                       (2,627)
Deemed contribution for the modification related to Warrants issued in connection with Series 8 Preferred Stock   1,469                        1,469 
Amortization premium - modification related to Series 8 Preferred Stock   2,627                        2,627 
Preferred Stock Dividend                     $   $ 
Net Loss Attributable to Common Stockholders  $(79,570)  $(19)  $6,715   $2,882      $28,075   $(41,917)
                                  
Net Loss Per Share - Basic and Diluted                                 
Continuing Operations  $(22.08)                         $(16.32)
Discontinued Operations  $(12.04)                         $(1.66)
Net Loss Per Share - Basic and Dilutive  $(34.12)                         $(17.97)
                                  
Weighted Average Shares Outstanding                                 
Basic and Diluted   2,332,041                           2,332,041 

 

4

 

 

NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION

 

Note 1. Basis of Presentation

 

The unaudited pro forma condensed consolidated financial information does not give effect to any anticipated synergies, operating efficiencies, tax savings, or cost savings that may be associated with the Solutions Divestiture. The unaudited pro forma condensed consolidated financial information is not necessarily indicative of what the actual results of operations and financial position would have been had the Solutions Divestiture taken place on the dates indicated, nor are they indicative of the future consolidated results of operations or financial position of the post-divestiture company. They should be read in conjunction with the historical financial statements and notes thereto of Inpixon and subsidiaries.

 

Unaudited Pro Forma Condensed Consolidated Balance Sheet

 

Note 1: Derived from the net assets as of September 30, 2023 of Shoom, SAVES, and Game Your Game that were divested with Grafiti Holdings Inc.

 

Note 2: Derived from the net assets as of September 30, 2023 of Shoom, SAVES, and Game Your Game that were divested with Grafiti LLC, along with the inclusion of a $1,000,000 receivable which represents the estimated sale price of the divestiture.

 

Unaudited Pro Forma Condensed Consolidated Statement of Operations

 

For the Nine Months Ended September 30, 2023

 

Note 1: Derived from the statement of operations of Shoom, SAVES, and Game Your Game related to the divestiture of Grafiti Holdings Inc. for the nine months ended September 30, 2023.

 

Note 2: Derived from the statement of operations of Shoom, SAVES, and Game Your Game related to the sale of Grafiti LLC for the nine months ended September 30, 2023.

 

Note 3: To remove discontinued operations related to the CXApp spin-off which was completed in March 2023. Derived from the unaudited condensed consolidated statement of operations of Inpixon and its subsidiaries for the nine months ended September 30, 2023, as presented in the Company’s quarterly 10-Q filing. Further adjusted for related impact on deferred taxes as a direct result of the CXApp spin-off.

 

For the Year Ended December 31, 2022

 

Note 1: Derived from the statement of operations of Shoom, SAVES, and Game Your Game related to the divestiture of Grafiti Holdings Inc. for the year ended December 31, 2022.

 

Note 2: Derived from the statement of operations of Shoom, SAVES, and Game Your Game and other related operation activity and associated assets related to the sale of Grafiti, LLC for the year ended December 31, 2022.

 

Note 3: To remove discontinued operations related to the CXApp spin-off which was completed in March 2023.

 

5

 

 

Note 2. Adjustments to Unaudited Pro Forma Condensed Consolidated Financial Information

 

The following is a summary of the unaudited pro forma adjustments reflected in the unaudited pro forma condensed consolidated financial statements based on preliminary estimates, which may change as additional information is obtained.

 

A.To account for the issuance of 334,750 shares of common stock issued by Inpixon at various dates between October 1, 2023 to February 20, 2024 related to the conversion of debt and interest of approximately $2,568,000.

 

B.To account for the proceeds for the exercise of warrants with net proceeds of $2,356,000 inclusive of placement agent fees of $163,000. The exercise of the liability classified warrants resulted in a decrease in the warrant liability of approximately $491,000. In connection with the warrant exercise, the Company recorded a warrant inducement expense of $3,361,000. The warrants were exercised in conjunction with the issuance of new warrants, per the Inducement Agreement entered into on December 15, 2023. The new warrants issued as part of the warrant inducement were determined to equity classified.

 

C.To account for the purchase of a convertible note and warrants from Damon on October 23, 2023 in an aggregate principal amount of $3,000,000 for a purchase price of $3,000,000. The full principal balance and interest on the convertible note will automatically convert into common shares of Damon upon the public listing of Damon.

 

D.Represents adjustments to remove interest expense of $493,000 and $55,000 related to Inpixon’s conversion of debt, outlined in Note A, for the nine months ended September 30, 2023 and for the year ended December 31, 2022, respectively.

 

E.Represents adjustment to record interest income of $360,000 for the year ended December 31, 2022 regarding the convertible note from Damon outlined in Note C, which has an interest rate of 12% per annum. The note has a term of one year and as such did not include interest income for the nine months ended September 30, 2023 as a pro forma adjustment.

 

F.Represents adjustment to include warrant inducement expense of $3,361,000 in connection with the exercise of warrants outlined in Note B.

 

G.Represents adjustment to include the $3,860,000 loss for the sale of Grafiti LLC outlined in the Description of the Solutions Divestiture section above as of January 1, 2022. Grafiti LLC has net book value of approximately $2,653,000 as of September 30, 2023, in which the Company had an investment of approximately $4,860,000. The Company is to receive a minimum of $1,000,000 for their ownership interest in Grafiti LLC, resulting in a loss of approximately $3,860,000. The Company recorded a loss on discontinued operations in the fourth quarter of 2023, as the sale was considered probable. The sale occurred in the first quarter of 2024.

  

H.Represents adjustments of a $183,000 gain and a $9,688,000 loss to remove unrealized and realized gains and losses associated with investments in equity securities that are to be divested with the Grafiti LLC divestiture for the nine months ended September 30, 2023 and the year ended December 31, 2022, respectively.

 

 

6

 

 

v3.24.0.1
Cover
Feb. 16, 2024
Cover [Abstract]  
Document Type 8-K/A
Amendment Flag true
Amendment Description On February 23, 2024, Inpixon filed a Current Report on Form 8-K (the “Original Form 8-K”) to report that on February 21, 2024, Inpixon completed the disposition of assets and liabilities primarily relating to its Saves, Shoom and Game Your Game business, including 100% of the equity interests of Inpixon India, Grafiti GmbH (previously Inpixon Gmbh) and Game Your Game, Inc., which were held by Inpixon’s wholly-owned subsidiary Grafiti LLC, pursuant to an equity purchase agreement, dated as of February 16, 2024 by and among Inpixon, Grafiti LLC and Grafiti Group LLC (the “Disposition”), as part of the Solutions Divestiture described in the Original Form 8-K. Additionally, another aspect of the Solutions Divestiture involved Inpixon’s distribution of common shares of Grafiti Holding Inc., a subsidiary of Inpixon that holds Inpixon Ltd., a United Kingdom (“UK”) limited company operating Inpixon’s SAVES line of business in the UK, to a liquidating trust in connection with the spin-off of common shares of Grafiti Holding Inc. to Inpixon’s stockholders and other entitled security holders as of the record date, as described in a Current Report on Form 8-K filed by Inpixon on January 3, 2024.   This Current Report on Form 8-K/A amends the Original Form 8-K to include the pro forma financial information reflecting the Solutions Divestiture (including the Disposition) required by Item 9.01(b) of Form 8-K that was excluded from the Original Form 8-K. The disclosure included in the Original Form 8-K otherwise remains unchanged.
Document Period End Date Feb. 16, 2024
Entity File Number 001-36404
Entity Registrant Name INPIXON
Entity Central Index Key 0001529113
Entity Tax Identification Number 88-0434915
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 2479 E. Bayshore Road
Entity Address, Address Line Two Suite 195
Entity Address, City or Town Palo Alto
Entity Address, State or Province CA
Entity Address, Postal Zip Code 94303
City Area Code 408
Local Phone Number 702-2167
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol INPX
Security Exchange Name NASDAQ
Entity Emerging Growth Company false

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