Inpixon extends rights offering for up to $10 million units of convertible preferreds, warrants

By Abigail W. Adams

Portland, Me., Dec. 21 – Inpixon has extended a rights offering for up to $10 million units consisting of series 5 convertible preferred stock and warrants to Jan. 11, 2019 from the initial closing date of Dec. 21, according to a company news release.

Maxim Group LLC is dealer-manager for the rights offering.

The offering entitles holders of common stock, preferred stock and participating warrants to purchase $1,000 par units consisting of one share of $1,000 par series 5 convertible preferred stock and 200 warrants for common stock.

The convertible preferred stock has a conversion price of $5.00. The warrants have a strike price of $5.00.

Inpixon is a Palo Alto, Calif.-based indoor positioning and data analytics company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.