Inpixon Prices $9 Million Public Offering in an Effort to Satisfy Nasdaq’s Stockholders’ Equity Requirement

Inpixon (NASDAQ:INPX), a leading data analytics company announced the pricing of a public offering with anticipated gross proceeds of $9 million.

As quoted in the press release:

The securities offered by the Company consist of Units, at a price to the public of $1,000 per Unit, consisting of one share of the Company’s Series 4 Convertible Preferred Stock, each convertible into approximately 2,174 shares of common stock at a conversion price of $0.46 and a warrant to purchase 2,174 shares of common stock. The warrants will have an exercise price of $0.67 (subject to adjustment to the exercise price and the number of warrant shares in the event of recapitalization events, stock dividends, stock splits, stock combinations, dilutive issuances, reclassifications, reorganizations, or similar events), will be exercisable upon issuance and will expire five years from the date of issuance. The offering is expected to close on or about April 24, 2018, subject to customary closing conditions. In addition, the Company may issue an additional $1.5 million in Units to debtholders to satisfy trade payables.

Inpixon’s common stock is listed on the NASDAQ Capital Market under the symbol “INPX”. The Company is conducting the offering in order to regain compliance with Nasdaq Listing Rule 5550(b)(1), which requires that listed companies maintain a minimum of $2.5 million in stockholders’ equity. The Company expects to use the net proceeds of the offering for working capital and general corporate purposes (including research and development, sales and marketing, and the satisfaction of outstanding amounts payable to vendors in connection with trade payables) and transaction expenses.

Roth Capital Partners is acting as the sole placement agent for the offering on a “best efforts” basis.

The securities are being offered pursuant to an effective shelf registration statement on Form S-3, as amended (File No. 333-204159), that was previously filed with the Securities and Exchange Commission (“SEC”) and declared effective on May 28, 2015. The securities may be offered only by means of a prospectus.

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