TMCnet News
Inpixon Launches Public OfferingPALO ALTO, Calif., Feb. 14, 2018 (GLOBE NEWSWIRE) -- 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 ofer, 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 Inpixon Cautionary Statement Regarding Forward Looking Statements For More Information: Inpixon Investor Relations |