PALO ALTO, Calif., Dec. 14, 2021 /PRNewswire/ -- Inpixon
(Nasdaq: INPX), the Indoor Intelligence™ company, today announced
that its board of directors has authorized a review of strategic
alternatives, including a possible asset sale, merger with another
company or spin-off of one or more of Inpixon's business
units.
Nadir Ali, chief executive
officer of Inpixon, said, "Inpixon has engaged in a series of
acquisitions and investments over the last several years, executing
on an aggressive growth strategy focused on building its
comprehensive Indoor Intelligence platform. With a strong cash
position and consecutive year-over-year, and quarter-over-quarter,
revenue increases the past two years, management believes it is in
its best historical business and financial position, and, yet, our
common stock continues to trade at well below the sum of our parts.
We believe the best way to maximize shareholder value is to explore
options that will support our commitment to delivering exceptional
experiences and continued innovation by combining the physical and
digital worlds for augmented reality and the metaverse using our
location-based technologies. As always, we will remain intensely
committed to the satisfaction of our customers, employees and
shareholders."
Inpixon, in making this announcement, notes that there can be no
assurance that the review process will result in any strategic
alternative, or as to its outcome or timing. Inpixon has neither
set a timetable for completion of the review process, nor has it
made any decisions related to strategic alternatives at this time,
however, it has recently received an inbound, preliminary
indication of interest from another company, which has valued
Inpixon well above today's market capitalization. Inpixon expects
to retain an investment bank as its financial advisor, as
necessary, in evaluating and exploring any available strategic
options.
About Inpixon
Inpixon® (Nasdaq: INPX) is the innovator of Indoor Intelligence™
delivering actionable insights for people, places and things.
Combining the power of mapping, positioning and analytics, Inpixon
helps to create smarter, safer and more secure environments. The
company's Indoor Intelligence and mobile app solutions are
leveraged by a multitude of industries to optimize operations,
increase productivity, and enhance safety. Inpixon customers can
take advantage of industry leading location awareness, RTLS,
workplace and hybrid event solutions, analytics, sensor fusion and
the IoT to create exceptional experiences and to do good with
indoor data. For the latest insights, follow Inpixon on LinkedIn,
and 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,
the process in which it engages to evaluate strategic alternatives;
the terms, timing, structure, benefits and costs of any strategic
transaction and whether one will be consummated at all; the impact
of any strategic transaction on the company; the fluctuation of
economic conditions; the impact of COVID-19 on Inpixon's results of
operations and global supply chain constraints; Inpixon's ability
to integrate the products and business from recent acquisitions
into its existing business and effectively manage the growth from
such acquisitions; the performance of management and employees; the
outcomes of any litigation, regulatory proceedings, inquiries or
investigations that we may be subject to; the regulatory landscape
as it relates to privacy regulations and their applicability to
Inpixon's technology; Inpixon's ability to maintain compliance with
Nasdaq's minimum bid price requirement and other continued listing
requirements; the ability to obtain financing as needed;
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.
Inpixon Contacts
Media relations and general inquiries:
Email: marketing@inpixon.com
Web: inpixon.com/contact-us
Investor relations:
Crescendo Communications, LLC
Tel: +1 212-671-1020
Email: INPX@crescendo-ir.com
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SOURCE Inpixon