Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Inpixon Announces Pricing of $10.0 Million Registered Direct Offering Priced at-the-Market

Inpixon, the Indoor Intelligence company, announced that it has entered into a securities purchase agreement with an accredited institutional investor to purchase 8,000,000 shares of common stock (or pre-funded warrants in lieu thereof) and warrants to purchase up to an aggregate of 8,000,000 shares of common stock at a purchase price of $1.25 per share (or $1.249 per prefunded warrant) and accompanying warrant in a registered direct offering with a single institutional investor priced at-the-market under Nasdaq rules.  The warrants have an exercise price of $1.25 per share, are exercisable immediately, and will expire five years following the date of issuance.

Recommended AI News: Mediaocean Launches New Tools for Local TV Planning and Optimization

Maxim Group LLC is acting as the sole placement agent in connection with the offering.

The gross proceeds to Inpixon from the offering are expected to be approximately $10.0 million before deducting the placement agent’s fees and other estimated offering expenses.  The proceeds of the offering may include, but are not limited to, future acquisitions or other strategic activities intended to accelerate the Company’s growth.  The closing of the offering is expected to occur on or about November 30, 2020 subject to the satisfaction of customary closing conditions.

Related Posts
1 of 33,182

The securities described above are being offered pursuant to a shelf registration statement on Form S-3 (333-223960), which was declared effective by the United States Securities and Exchange Commission (“SEC”) on June 5, 2018.  The offering of the shares of common stock, pre-funded warrants, the warrants and the common shares underlying the pre-funded warrants and warrants will be made only by means of a prospectus supplement that forms a part of the registration statement. Copies of the final prospectus supplement and accompanying prospectus relating to the registered direct offering may be obtained, when available, by contacting Maxim Group LLC, 405 Lexington Avenue, 2nd Floor, New York, NY 10174, or by telephone at (212) 895-3745.

Recommended AI News: Canon Identifies and Addresses Data Security Incident

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

Recommended AI News: Future FinTech Appointed Yang Liu as Chief Operation Officer

Leave A Reply

Your email address will not be published.