Inpixon Prices $18M Public Offering

PALO ALTO, Calif., Feb. 15, 2018 (GLOBE NEWSWIRE) — INPIXON (Nasdaq:INPX) (the “Company” or “Inpixon”), a leading indoor positioning and data analytics company, today announced the pricing of a public offering with anticipated gross proceeds of approximately $18 million, before deducting placement agent fees and other offering expenses. The securities offered by the Company consist of (i) Class A Units, at a price to the public of $2.35 per unit, consisting of one share of the Company’s common stock and a warrant to purchase one share of common stock, and (ii) Class B Units, at a price to the public of $1,000 per unit, consisting of one share of our Series 3 Convertible Preferred Stock, and each convertible into approximately 426 shares of common stock, and warrants exercisable for the number of shares of common stock into which the shares of Series 3 Convertible Preferred Stock are convertible. The warrants will have an exercise price of $3.50 (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 February 20, 2018, subject to customary closing conditions. Inpixon’s common stock is listed on the Nasdaq Capital Market under the symbol “INPX.” The net proceeds of the offering will be used for working capital and general corporate purposes, including research and development and sales and marketing, and to support a divesture of the Company’s infrastructure business segment.

Roth Capital Partners is acting as the sole placement agent for the offering on a “best efforts” basis. Maxim Group LLC is acting as a financial advisor in connection with the offering.