Inpixon, the Indoor Intelligence company, announced that its board of directors has authorized a review of strategic alternatives, including a possible asset sale, merger with another company or spin-off of one or more of Inpixon’s business units.
Nadir Ali, chief executive officer of Inpixon, said, “Inpixon has engaged in a series of acquisitions and investments over the last several years, executing on an aggressive growth strategy focused on building its comprehensive Indoor Intelligence platform. With a strong cash position and consecutive year-over-year, and quarter-over-quarter, revenue increases the past two years, management believes it is in its best historical business and financial position, and, yet, our common stock continues to trade at well below the sum of our parts. We believe the best way to maximize shareholder value is to explore options that will support our commitment to delivering exceptional experiences and continued innovation by combining the physical and digital worlds for augmented reality and the metaverse using our location-based technologies. As always, we will remain intensely committed to the satisfaction of our customers, employees and shareholders.”
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Inpixon, in making this announcement, notes that there can be no assurance that the review process will result in any strategic alternative, or as to its outcome or timing. Inpixon has neither set a timetable for completion of the review process, nor has it made any decisions related to strategic alternatives at this time, however, it has recently received an inbound, preliminary indication of interest from another company, which has valued Inpixon well above today’s market capitalization. Inpixon expects to retain an investment bank as its financial advisor, as necessary, in evaluating and exploring any available strategic options.
Inpixon is the innovator of Indoor Intelligence delivering actionable insights for people, places and things. Combining the power of mapping, positioning and analytics, Inpixon helps to create smarter, safer and more secure environments. The company’s Indoor Intelligence and mobile app solutions are leveraged by a multitude of industries to optimize operations, increase productivity, and enhance safety. Inpixon customers can take advantage of industry leading location awareness, RTLS, workplace and hybrid event solutions, analytics, sensor fusion and the IoT to create exceptional experiences and to do good with indoor data.
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