お知らせ • Jul 09
Inpixon has withdrawn its Follow-on Equity Offering in the amount of $10 million. Inpixon has withdrawn its Follow-on Equity Offering in the amount of $10 million.
Security Name: Common Stock
Security Type: Common Stock お知らせ • Dec 21
Inpixon has filed a Follow-on Equity Offering in the amount of $10 million. Inpixon has filed a Follow-on Equity Offering in the amount of $10 million.
Security Name: Common Stock
Security Type: Common Stock お知らせ • Nov 07
Inpixon to Report Q3, 2023 Results on Nov 14, 2023 Inpixon announced that they will report Q3, 2023 results After-Market on Nov 14, 2023 お知らせ • Aug 17
Inpixon announced delayed 10-Q filing On 08/15/2023, Inpixon announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Aug 16
Second quarter 2023 earnings released: US$0.19 loss per share (vs US$12.14 loss in 2Q 2022) Second quarter 2023 results: US$0.19 loss per share (improved from US$12.14 loss in 2Q 2022). Revenue: US$2.06m (down 56% from 2Q 2022). Net loss: US$6.97m (loss narrowed 72% from 2Q 2022). Board Change • Aug 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. CFO, Secretary & Director Wendy Loundermon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. お知らせ • Aug 05
Inpixon to Report Q2, 2023 Results on Aug 14, 2023 Inpixon announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 14, 2023 お知らせ • Jul 27
XTI Aircraft Company entered into a definitive merger agreement to acquire Inpixon (NasdaqCM:INPX) in a reverse merger transaction. XTI Aircraft Company entered into a definitive merger agreement to acquire Inpixon (NasdaqCM:INPX) in a reverse merger transaction on July 24, 2023. The merger agreement provides for XTI shareholders to own approximately 60% of the outstanding shares of common stock of the post combination company, and Inpixon shareholders to retain approximately 40% of the outstanding shares of common stock of the post combination company as of closing. Upon closing of the transaction, the combined company is planning to operate under the name XTI Aerospace, Inc. (“XTI Aerospace”) and to trade on the Nasdaq Capital market under the symbol XTIA or other symbol to be announced. In case of termination of the transaction under certain circumstances, Inpixon must pay XTI a termination fee of $2 million. XTI must pay Inpixon a termination fee of $2 million if the transaction is terminated under certain circumstances. In connection with the closing of the transaction, Nadir Ali and Wendy Loundermon are expected to resign as Chief Executive Officer and Chief Financial Officer of Inpixon. It is anticipated that XTI's current board member and Chief Financial Officer, Scott Pomeroy, will become the Chairman and Chief Executive Officer of XTI Aerospace, with XTI founder David Brody becoming a member of the board of directors of XTI Aerospace. Michael Hinderberger will continue in his current role as Chief Executive Officer of XTI Aircraft Company, leading the technical development of the TriFan 600. Soumya Das, the Chief Operating Officer of Inpixon, will continue to lead the RTLS business line.The transaction is subject to the satisfaction or waiver of certain conditions to closing, including, among other things: (i) obtaining the approval by the stockholders of Inpixon and XTI, (ii) the Form S-4 being declared effective by the SEC and in effect, and (iii) approval for the listing on The Nasdaq Stock Market, LLC of the shares of Inpixon common stock to be issued in connection with the transaction. The transaction has been unanimously approved by the Boards of Directors of Inpixon and XTI, and by XTI's controlling shareholders. The proposed merger is expected to be completed by the fourth quarter of 2023. Maxim Group LLC is serving as exclusive financial advisor to Inpixon in connection with the transaction. Chardan Capital Markets LLC is serving as exclusive financial advisor to XTI on the transaction. Kevin Friedmann of Norton Rose Fulbright US LLP acted as legal advisor to Inpixon. Mara Babin of MBMC International PLLC and Ronald R. Levine, II of Arnold & Porter Kaye Scholer LLP acted as legal advisor to XTI. お知らせ • May 17
Inpixon announced delayed 10-Q filing On 05/16/2023, Inpixon announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • May 16
First quarter 2023 earnings released: US$0.98 loss per share (vs US$9.40 loss in 1Q 2022) First quarter 2023 results: US$0.98 loss per share (improved from US$9.40 loss in 1Q 2022). Revenue: US$3.10m (down 41% from 1Q 2022). Net loss: US$12.0m (loss narrowed 31% from 1Q 2022). お知らせ • May 12
Inpixon to Report Q1, 2023 Results on May 15, 2023 Inpixon announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 15, 2023 Reported Earnings • Apr 02
Full year 2022 earnings released: US$27.18 loss per share (vs US$53.70 loss in FY 2021) Full year 2022 results: US$27.18 loss per share (improved from US$53.70 loss in FY 2021). Revenue: US$19.4m (up 21% from FY 2021). Net loss: US$63.4m (loss narrowed 18% from FY 2021). Reported Earnings • Nov 17
Third quarter 2022 earnings released: US$11.35 loss per share (vs US$21.43 loss in 3Q 2021) Third quarter 2022 results: US$11.35 loss per share (improved from US$21.43 loss in 3Q 2021). Revenue: US$4.18m (down 6.1% from 3Q 2021). Net loss: US$25.2m (loss narrowed 25% from 3Q 2021). Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. CFO, Secretary & Director Wendy Loundermon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. お知らせ • Nov 11
Inpixon to Report Q3, 2022 Results on Nov 14, 2022 Inpixon announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 14, 2022 お知らせ • Nov 03
Inpixon Reports Compliance with Nasdaq's Listing Requirement On November 2, 2022, Inpixon announced that it received notice from Nasdaq on November 1, 2022 that the company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). In order to regain compliance, the company's common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. Nasdaq determined that for the last 18 consecutive business days, from October 7, 2022 to October 31, 2022, the closing bid price of the Company's common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2) and Nasdaq has advised that this matter is now closed. お知らせ • Oct 19
Inpixon, Annual General Meeting, Nov 28, 2022 Inpixon, Annual General Meeting, Nov 28, 2022, at 10:00 Pacific Standard Time. Agenda: To consider the election of 5 directors to serve until company's next annual meeting of stockholders or until the election and qualification of their successors; to consider the ratification of the appointment of Marcum LLP as company's independent registered public accounting firm for the fiscal year ending December 31, 2022; to consider the approval of an amendment to company's Articles of Incorporation, as amended (the “Articles of Incorporation”), to increase the number of authorized shares of the company’s common stock (the “Common Stock”) from 26,666,667 to 500,000,000; to consider the approval of an amendment to company's 2018 Employee Stock Incentive Plan, as amended (the “2018 Plan”), as more fully described in the accompanying proxy statement; and to consider the transaction of any other business. お知らせ • Aug 23
Inpixon Achieves FCC, ISED Certifications and Establishes CE Status for Inpixon Swarm Chirp V3 Inpixon® announced that its Inpixon Swarm Chirp V3 RF transceiver module received a Grant of Equipment Authorization certification from the U.S. Federal Communications Commission (FCC) and a certificate from ISED (Innovation, Science and Economic Development) Canada. The company also signed a CE declaration of conformity confirming the product passed RED, EMC and LVD tests. According to research firm MarketsandMarkets, RTLS solutions are being increasingly deployed in supply chain operations of different industries to save time and minimize errors while improving the inventory turnover ratio, thereby saving costs and increasing return on investment. The RTLS market is estimated to be valued at USD 3.9 billion in 2021 and reach USD 12.7 billion by 2026, at a CAGR of 26.5%. The Inpixon Swarm Chirp is a 2.4 GHz chirp transceiver module that seamlessly integrates into custom real-time location system (RTLS) devices, enabling long-range RTLS capable of up to 1,000 meters, far exceeding the 300-500 meter range of traditional devices. The module includes embedded sensors that provide 3D acceleration and temperature readings. Its small form factor, low power consumption and long-range make it suitable for wearable and mountable IoT devices for personnel, equipment, and asset tracking to support safety and productivity-enhancement use cases. Reported Earnings • Aug 17
Second quarter 2022 earnings released: US$0.097 loss per share (vs US$0.13 profit in 2Q 2021) Second quarter 2022 results: US$0.097 loss per share (down from US$0.13 profit in 2Q 2021). Revenue: US$4.73m (up 37% from 2Q 2021). Net loss: US$14.9m (down 201% from profit in 2Q 2021). お知らせ • Aug 11
Inpixon to Report Q2, 2022 Results on Aug 15, 2022 Inpixon announced that they will report Q2, 2022 results After-Market on Aug 15, 2022 Board Change • Jun 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. CFO, Secretary & Director Wendy Loundermon was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 18
First quarter 2022 earnings released: US$0.13 loss per share (vs US$0.16 loss in 1Q 2021) First quarter 2022 results: US$0.13 loss per share. Revenue: US$5.23m (up 77% from 1Q 2021). Net loss: US$17.4m (loss widened 38% from 1Q 2021). お知らせ • May 14
Inpixon to Report Q1, 2022 Results on May 16, 2022 Inpixon announced that they will report Q1, 2022 results After-Market on May 16, 2022 Reported Earnings • Mar 12
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: US$0.72 loss per share (up from US$1.02 loss in FY 2020). Revenue: US$16.0m (up 72% from FY 2020). Net loss: US$77.3m (loss widened 165% from FY 2020). Revenue missed analyst estimates by 12%. お知らせ • Sep 29
Inpixon Brings UWB and Chirp RTLS to Award-Winning Inpixon Aware Inpixon announced the release of Inpixon Aware 5.18.2 which adds Inpixon nanoLES RTLS location engine integration and supports Inpixon's newest generation of multi-tech radio frequency sensors with enhanced encryption methodologies and advanced sensor authentication processes. Inpixon's enterprise and government customers can now utilize a single user interface, Inpixon Aware, to support an even wider set of use cases and technologies than previously possible. For example, organizations can track the location of high-value assets within inches with UWB, monitor movements of personnel and devices across wide areas with chirp, and detect Wi-Fi, Bluetooth and cellular devices to identify rogue or unauthorized wireless activity – all on a single dashboard. お知らせ • Sep 24
Inpixon Secures Broad Patent Protection for Use of Sensor Fusion to Determine Location Inpixon announced it has received a Notice of Allowance from the U.S. Patent and Trademark Office allowing its patent application covering a multi-channel spatial positioning system. The company believes this patent affords it broad protection in the critical area of sensor fusion which can increase location determination accuracy by combining multiple methods of positioning including radio frequency, inertial measurement data from wearables, video, sound, temperature, and chemical sensor inputs. The patent covers Inpixon's unique invention of combining multiple methods of positioning and overlaying each with its own confidence factor to achieve more accurate location determination than a single method. お知らせ • Jun 11
Inpixon Launches Active Tag for Long-Range, Real-Time Location System (RTLS) Asset Tracking Inpixon announced the launch of the Inpixon Asset Tag, a compact, active radio frequency (RF) tag for long-range, real-time location system (RTLS) asset tracking. The new tag, complete with IP65-rated housing, will come pre-configured and ready to use with Inpixon's 2.4 GHz chirp technology including nanoLOC, swarm bee, nanoANQ PCB anchor circuit board and the nanoLES location engine. Suitable for indoor and/or outdoor use, the Inpixon Asset Tag is designed to track hospital equipment, tools, vehicles, robots, dangerous or sensitive materials, mobile storage compartments, maintenance yard equipment, and other high-value assets that need to be tracked or located quickly and definitively. Efficient asset management can deter theft, aid in loss recovery, identify workflow bottlenecks, ease inventory management, and increase asset utilization and worker productivity. The Inpixon Asset Tag utilizes chirp radio-frequency technology and delivers a unique performance profile combining high accuracy, long operational range and interference resilience. The tag can achieve up to 300 meters in range with one-meter location precision. Additionally, the tag includes an integrated 3D accelerometer to sense movement, and its data transmission rate is configurable. This allows the tag to report its position more frequently when in motion, and less frequently, to conserve battery life, when not in motion. The tag's settings can be reconfigured wirelessly as the customer's needs or use cases change. お知らせ • May 04
Inpixon (NasdaqCM:INPX) acquired Design Reactor, Inc. from Leon Papkoff. Inpixon (NasdaqCM:INPX) acquired Design Reactor, Inc. from Leon Papkoff on May 3, 2021. The consideration is paid in cash and equity. Leon Papkoff will join Inpixon as executive vice president leading Inpixon's CXApp Division. The acquisition is expected to be accretive to revenue and earnings.
Inpixon (NasdaqCM:INPX) completed the acquisition of Design Reactor, Inc. from Leon Papkoff on May 3, 2021. お知らせ • Mar 16
Inpixon to Report Fiscal Year 2020 Results on Mar 25, 2021 Inpixon announced that they will report fiscal year 2020 results After-Market on Mar 25, 2021 お知らせ • Feb 13
Inpixon to Provide Co2 Sensors to Help Identify COVID-19 Infection Risk Inpixon announced the distribution by Unitronic of Inpixon'scarbon dioxide (CO2) sensor modules for use to measure indoor air quality, an important indicator of SARS-CoV-2 and other pathogen transmission risk. Under the agreement, Unitronic plans to sell Inpixon's CO2 sensor modules as well as additional Inpixon products to its existing base of OEMs, system integrators and solution providers. The integrator-ready modules include a
modern, low power, non-dispersive infrared (NDIR) sensor which features automatic calibration and provides a range of gas readings, rather than simply above- or below-threshold readings. Unitronic anticipates the Inpixon
sensors will be included in environment control units, building automation systems, and ventilation-on-demand solutions that can help ensure a clean air supply within commercial and public buildings. お知らせ • Feb 10
Inpixon Launches Next-Generation RTLS Anchor for Integrators and OEMs Inpixon announced its next-generation chirp RTLS anchor board, delivering significantly reduced size, newly integrated antennas, and more robust operating temperature tolerances than the previous generation. Designed to be advanced yet affordable, Inpixon's latest product is intended to accelerate the adoption of large-scale, real-time location systems (RTLS) in mass market applications. The Inpixon nanoANQ Chirp PCB is a printed circuit board assembly designed for OEMs, integrators, and systems developers who seek to add location awareness to their existing products or to introduce new RTLS-enabled solutions. Location awareness is critical to enable a wide range of workplace transformation, productivity, and safety use cases. RTLS can trigger actions in energy, lighting and ventilation systems, assist in desk booking and employee engagement apps, sound alarms if entering dangerous areas, facilitate evacuation and first responder communications, enable smart farming, reduce theft, support augmented reality deliverables, and more. Inpixon chirp technology operates in the 2.45 GHz ISM band and is robust against narrow- and broadband RF disturbances as well as multipath fading. Reliable communications even over longer distances and with lower tag RF power output levels can result in less anchors required per installation and longer tag battery life. The Inpixon nanoANQ Chirp PCB includes all required RTLS anchor components, ensuring low design effort and quick time-to-market for integrators. Solution providers can simply add their choice of housing, and they have a finished RTLS anchor without needing to write firmware or to deal with RF design or low-level chip drivers. The RTLS Evaluation Kit which includes nanoANQ boards, nanoLES RTLS location engine, RTLS Tools software, and OTA Configurator is also available to speed development and testing. お知らせ • Jan 06
Inpixon Releases Enhanced Inpixon Aware Security Solution Inpixon announced its latest release of Inpixon Aware, the company's indoor security solution. The award-winning Inpixon Aware provides organizations with a highly-scalable situational awareness and wireless detection solution within a single, near real-time dashboard enabling management to make key decisions around security, risk mitigation and safety. The latest version, Inpixon Aware 5.17, includes improved ultra-wideband (UWB) wireless device detection and positioning, advanced mitigation of RF noise, IPv6 support for the latest generation of Inpixon sensors, and additional enhancements. Inpixon Aware, previously known as ZoneDefense, is designed to help corporate enterprises and governmental agencies combat theft of confidential information and to enhance safety and operational efficiency by providing visibility into the location of wireless devices, people and critical assets within indoor spaces. Inpixon Aware uses radio frequency (RF) sensors to detect and locate active Wi-Fi, Bluetooth, cellular and UWB wireless transmissions emanating from phones, smartwatches, tablets, computers, access points, IoT devices and more. Security personnel can locate unauthorized wireless devices, enforce no-phones zones, geofence areas to receive alerts when devices move into and out of the zones, trigger mobile device management (MDM) policies that restrict usage in high-security areas, and whitelist wireless medical devices such as hearing aids and pacemakers. The solution can also be utilized to monitor the location of visitors to the facility and to locate key personnel and assets in order to enhance security and situational awareness. お知らせ • Dec 20
Inpixon Enters Contract for Nearly One Million Square Feet of Mapping Inpixon announced that Inpixon Mapping has been selected as part of a workplace experience solution for a leading medical technology provider, one of the world's large public companies, to provide intelligent, multi-dimensional digital maps. Inpixon Mapping is currently contracted for deployment throughout the organization's headquarters campus comprised of dozens of buildings covering nearly one million square feet. Inpixon Mapping will be used to visualize locations throughout the organization's headquarters in a multi-layered digital map and operate in conjunction with additional technologies to support a comprehensive workplace experience application. The solution will offer wayfinding and room-booking capabilities as well as allow management to provide additional workforce productivity features. The application is intended to improve productivity by saving time moving within and between campus buildings with intelligent mobile phone-based Inpixon wayfinding and navigation. The terms of the agreement include both one-time professional services revenue, as well as recurring revenue associated with the mapping platform license. お知らせ • Dec 15
Inpixon Releases High-Performance, Real-Time Location System Server Enhancements Inpixon announced the release of nanoLES 3.3, delivering increased location accuracy, expanded system scalability and interoperability, and enhanced developer tools for use in real-time location systems (RTLS) deployments.
Inpixon's nanoLES is an advanced location engine server enabling ultra-wideband (UWB) and chirp spread spectrum (CSS) RTLS solutions for real-time positioning of people and devices. Its ability to determine the location of tags multiple times per second makes nanoLES capable of being used in situations where low-latency, real-time determination is a necessity. These use cases include finding an injured worker, avoiding collisions, monitoring parts on a production line, activating ventilation as a worker enters an area, and facilitating turn-by-turn navigation. The version delivers, among other features, improved UWB positional accuracy, a RESTful API architecture for interoperability with IoT platforms and third-party systems, automated performance adaption to the available number of CPU cores, and enhancements to the developer toolkit. お知らせ • Dec 04
Inpixon Enhances Enterprise-Class and Social Distancing Features with New Inpixon Mapping Release Inpixon announced the release of its latest indoor mapping platform, Inpixon Mapping 4.14. This release introduces a new customer administration tool, SDK-based dynamic wayfinding, additional tools for developers, and more. Of particular applicability during pandemic-affected times, with SDK-based dynamic wayfinding developers can now enable external systems to trigger event-driven wayfinding changes without CMS user intervention. Set pathways as one-direction (e.g., for social distancing or at an airport security checkpoint). Change allowable pathway direction based on the time of day to reduce crowding (e.g., open more lanes as people arrive in the morning, and reverse the direction at the end of the day). Block certain pathways based on maintenance or a safety/security incident (e.g., for deep-cleaning of contaminated areas, or to address a chemical spill, active shooter, etc.). お知らせ • Nov 19
Leading Pharmaceutical Corporation Selects Inpixon Mapping to Facilitate Tracking of COVID-19 Vaccine-Related Assets Inpixon announced that Inpixon Mapping has been selected by premier pharmaceutical companies to provide the visualization required for tracking its critical COVID-19 vaccine-related assets. Inpixon Mapping is currently contracted for deployment in multiple facilities utilized by this company, which specializes in the development of medicines and vaccines across a wide range of disciplines, and multiple additional locations are anticipated to be added over the coming weeks and months. Inpixon Mapping will be used to view the location of tagged assets on a dynamic, multi-layered map in near real-time within this pharmaceutical company's facilities. The terms of the customer agreement include both one-time professional services revenue, as well as recurring revenue associated with the mapping platform license. お知らせ • Nov 12
Inpixon Announces Availability of Location Intelligence Products Through Global Distributor Digi-Key Inpixon announced that a number of its ultra-wideband (UWB) and chirp spread spectrum (CSS) anchor and tag products are now available for purchase directly through Digi-Key Corporation, one of the industry's most popular sites for electronic component sourcing. The Inpixon products available for purchase through the Digi-Key ecommerce catalog include the following: nanoANQ EA: Real-time location system (RTLS) anchors for tag positioning; supports large-scale deployments; available in CSS or UWB. swarm bee Tag Modules: Tag-ready modules with integrated transceiver, MCU, temperature and acceleration sensors for RTLS, ranging and communication; available in CSS or UWB. swarm bee DK+: Developer-friendly breakout board for swarm bee modules for easy design-in; available in CSS or UWB. Tag Evaluation Platform: Complete evaluation tag including both UWB and CSS technologies, antennas and battery. nanoLOC TRX Chip: 2.4 GHz ISM CSS transceiver for long-range RTLS, ranging and communication. The products supplement Inpixon's Indoor Intelligence platform and were acquired in Inpixon's recent purchase of nanotron Technologies GmbH, a global location awareness technology company and a leader in IoT and UWB technologies. Most often used for asset tracking, worker safety, proximity alerts, and collision avoidance systems, the solutions can be leveraged with intelligent maps, navigation and analytics to power myriad location-enabled use cases. Digi-Key Electronics, headquartered in Thief River Falls, Minn., USA, is an authorized global, full-service distributor of electronic components, and provides access to nearly unlimited adjacent products and technologies through their online Marketplace. They offer more than 11 million components, with over 2.6 million in stock and available for immediate shipment, from over 1,300 quality name-brand manufacturers. In addition, Marketplace Product provides a singular shopping experience for all things related to technology innovation — IoT, industrial automation, test and measurement and more. Additional information and access to one of the world's broadest resources for technology innovation can be found by visiting www.digikey.com and on Facebook, Twitter, YouTube, Instagram, and LinkedIn. お知らせ • Nov 03
Inpixon to Report Q3, 2020 Results on Nov 12, 2020 Inpixon announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 12, 2020 お知らせ • Oct 29
Inpixon Launches Advanced RTLS Tag Module for Real-Time Positioning Inpixon announced the launch of its newest smart tag module, the swarm bee LE V3, supporting a range of indoor and outdoor location applications including real-time location systems (RTLS). This is the first new product release following Inpixon's recent acquisition of nanotron, a company named by MarketsandMarkets as one of the vendors dominating the global UWB market along with Apple, Samsung, Decawave, NXP and others. The nanotron acquisition expands Inpixon's product and intellectual property portfolio, and broadens its customer base, geographic presence and partner relationships. Inpixon believes these factors will enable the company to further penetrate the fast-growing location based services (LBS) and real-time location systems (RTLS) market which MarketsandMarkets estimates will grow from USD 17.8 billion in 2020 to USD 39.2 billion by 2025, at a compound annual growth rate (CAGR) of 17.1%. The swarm bee LE V3 is a miniaturized radio transceiver module that can easily be embedded into small tags that transmit a signal allowing them to be located in real-time. These tags can be built into wearable IoT devices -- everything from wristbands and visitor badges to belt clips and mining helmets -- or they can be integrated into tags that are affixed to assets such as heavy mining equipment, forklifts, pallets, hospital ventilators or theft-prone items. As part of a location intelligence system, the smart tags help enable a wide range of use cases including asset tracking, worker safety, proximity alerts, visitor management, vehicle collision avoidance and more. お知らせ • Sep 15
Sysorex Global Holdings Corp. (OTCPK:SYRX) completed the acquisition of AirPatrol Corporation for $29.3 million. Sysorex Global Holdings Corp. (OTCPK:SYRX) signed a letter of intent to acquire AirPatrol Corporation for $33 million on August 30, 2013. Sysorex Global Holdings Corp. (OTCPK:SYRX) signed a definitive agreement to acquire AirPatrol Corporation on December 20, 2013. The transaction consideration consists of consideration paid to ordinary and preferred stock holders, $10 million in cash, along with certain adjustments, issue of 4 million shares (pre-split) of Sysorex, out of which 1.6 million shall be held back in escrow account for a year, an earn out payment up to a maximum of $10 million in cash and stock. The cash portion of the transaction is being financed from the $17.09 million offering of common stock of Sysorex. AirPatrol Corporation reported for the period ending September 30, 2013, total assets of $1.54 million, and equity deficit of $6.8 million. Upon the closing of the merger agreement, AirPatrol will become a subsidiary of Sysorex and retain its management and operations. In case of termination if AirPatrol breaches the Sysorex’s exclusivity right it must pay Sysorex a break-up fee of $0.25 million and if Sysorex refuses to complete the acquisition without good reason then any amount AirPatrol owes Sysorex shall be reduced by $0.25 million.
The closing of the acquisition is subject to a financing contingency to be fulfilled with initial public offering of Sysorex for at least $10 million, approval by shareholders of AirPatrol, governmental approvals, cancellation of options and warrants of AirPatrol, limited dissenters rights, resignation of all Directors on the Board of AirPatrol, third party approval, and listing of additional shares required for stock consideration. The Board of Directors of Sysorex and AirPatrol have approved the transaction. Pursuant to the merger agreement, the AirPatrol acquisition is to be completed no later than February 28, 2014.
As on February 28, 2014, Sysorex entered into first amendment agreement for the acquisition of AirPatrol. As on April 18, 2014, Sysorex entered into second amendment agreement for the acquisition of AirPatrol. It included modification to distribution of the earnout. Paul Sieben of O’Melveny & Myers LLP acted as legal advisor for AirPatrol Corporation. Nimish Patel of Richardson & Patel, LLP acted as legal advisor for Sysorex Global Holdings Corp. Scott Gordon of CorProminence LLC acted as the public relation advisor in the transaction. Russ Workman of America's Growth Capital LLC acted as financial advisor for AirPatrol Corporation.
Sysorex Global Holdings Corp. (OTCPK:SYRX) completed the acquisition of AirPatrol Corporation for $29.3 million on April 18, 2014. As a part of consideration, Sysorex paid $6.3 million in cash to former stockholders, noteholders and other creditors of AirPatrol, issued 1.04 million (post-split) shares as a part of consideration to former stockholders, which included 0.82 million paid to holders of Series A Preferred Stock and holders of similar preferential rights, directors, and continuing officers of AirPatrol. In addition, $1.05 million in cash was paid for repayment of AirPatrol’s indebtedness to Sysorex and 0.8 million (post-split) shares for escrow account. お知らせ • Aug 12
Inpixon to Report Q2, 2020 Results on Aug 13, 2020 Inpixon announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 13, 2020 