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Market Overview

Inpixon Shares Fall As It Continues To Raise Capital Via Equity Sale To Institutional Investor

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  • Inpixon (NASDAQ: INPXpriced 9.95 million shares at $2.01 per share to raise $20 million in a secondary offering, a 4.7% discount on the Tuesday closing price.
  • The offering proceeds are to be utilized for acquisitions or other strategic activities.
  • Inpixon had raised $30 million last week and another $30 million in a separate offer the previous month.
  • The company's stock has gained 107% in the last quarter.
  • Maxim Group LLC is the sole placement agent for the offering.
  • Price action: INPX shares are down 5.21% at $2 on the last check Wednesday.
 

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