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Inpixon Announces Pricing of $30.0 Million Registered Direct Offering Priced at-the-Market

Inpixon, the Indoor Intelligence company, announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 15,000,000 shares of common stock and warrants to purchase up to an aggregate of 15,000,000 shares of common stock at a purchase price of $2.00 per share (or $1.999 per pre-funded warrant) and accompanying warrant in a registered direct offering priced at-the-market under Nasdaq rules.  The warrants have an exercise price of $2.00 per share, are exercisable immediately, and will expire five years following the date of issuance.

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

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The gross proceeds to Inpixon from the offering are expected to be approximately $30.0 million before deducting the placement agent’s fees and other estimated offering expenses.  The use of proceeds from 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 February 17, 2021 subject to the satisfaction of customary closing conditions.

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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 shares of common stock 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.

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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.

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