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Stock impact report

Inpixon to Receive $12.0 Million in Gross Proceeds from Oversubscribed Rights Offering

Inpixon (INPX) 
Last inpixon earnings: 8/21 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
PALO ALTO, Calif., Jan. 14, 2019 (GLOBE NEWSWIRE) -- Inpixon (Nasdaq:INPX) (the “Company"), a leading indoor positioning and data analytics company, today announced its previously announced equity subscription rights offering (the “Rights Offering”) expired at 5:00 p.m. Eastern Time on Friday, January 11, 2019 and, as such, the rights are no longer exercisable. Participants are expected to be reduced pro-rata to the total offering size of 12,000 units.  Preliminary estimates indicate that the Company will raise gross proceeds of approximately $12.0 million. The results of the Rights Offering and estimates regarding gross proceeds are subject to finalization and verification by the Company’s subscription agent. Inpixon anticipates that the closing of the Rights Offering will occur on or about January 15, 2019 subject to satisfaction or waiver of all conditions to closing. Upon the closing, the subscription agent will distribute, by way of direct registration in book-entry form or t Show less Read more
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