By Abigail W. Adams
Portland, Me., Jan. 15 – Inpixon sold $12 million par of $1,000 units containing one share of series 5 convertible preferred stock and 300 warrants in a previously announced rights offering, according to a company news release.
Maxim Group LLC was dealer manager for the rights offering.
The offering was oversubscribed and was increased from 10,000 units to 12,000 units.
The par of $1,000 series 5 convertible preferred stock has a conversion price of $3.33 per share and are immediately convertible into common stock.
The warrants have a strike price of $3.33 and expire in five years.
Inpixon is a Palo Alto, Calif.-based indoor positioning and data analytics company.
| Issuer: | Inpixon
|
| Securities: | Units containing series 5 convertible preferred stock and 300 warrants
|
| Amount: | $12 million, or 12,000 units
|
| Maturity: | Five years
|
| Dealer manager: | Maxim Group LLC
|
| Price: | Par of $1,000
|
| Conversion price: | $3.33
|
| Warrants: | 300 warrants per unit
|
| Warrant strike price: | $3.33
|
| Warrant expiration: | Five years
|
| Pricing date: | Jan. 15
|
| Stock symbol: | Nasdaq: INPX
|
| Stock price: | $2.33 at market close Jan. 15
|
| Market capitalization: | $3.69 million
|
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