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Stock impact report

Inpixon Closes Oversubscribed Rights Offering with Gross Proceeds of $12.0 Million

Inpixon (INPX) 
Last inpixon earnings: 8/21 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
PALO ALTO, Calif., Jan. 15, 2019 (GLOBE NEWSWIRE) -- Inpixon (Nasdaq:INPX) (the “Company"), a leading indoor positioning and data analytics company, today announced the closing of its oversubscribed rights offering (the “Rights Offering”) for aggregate gross proceeds to the Company of $12.0 million, which was the maximum amount allowable under the terms of the Rights Offering. Participants were reduced pro-rata to the total offering size, which was increased from 10,000 units to 12,000 units.  Inpixon sold an aggregate of 12,000 units consisting of one share of Series 5 Convertible Preferred Stock with a stated value of $1,000 (and immediately convertible into shares of Inpixon’s common stock at a conversion price of $3.33 per share) and 300 warrants to purchase Inpixon’s common stock with an exercise price of $3.33 per share. The warrants will be exercisable for 5 years after the date of issuance.  The Series 5 Convertible Preferred Stock and the warrants comprising the units imm Show less Read more
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