Business Context and Reporting Period
This Form 8-K was filed by Inpixon (referred to in metadata as XTI Aerospace, Inc.) on July 13, 2018. The report provides an update on the company's capitalization structure as of that date.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity figures. It focuses exclusively on share capitalization:
- Common Stock Outstanding: 39,938,733 shares (par value $0.001 per share).
- Series 4 Convertible Preferred Stock Outstanding: 2,018.2933 shares (par value $0.001 per share).
- Conversion Potential: The Preferred Stock is convertible into approximately 11,345,100 shares of Common Stock at the Reset Conversion Price.
Material Changes
The total number of Common Stock shares outstanding increased due to the issuance of Common Stock resulting from the conversion of shares of Preferred Stock. No other material financial changes were reported in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, risk factors, or discussion of contingencies. It is strictly a notification of capitalization changes.
Investor Verification Checklist
- Verify the exact number of Common Stock shares outstanding (39,938,733) against recent trading volumes.
- Confirm the terms of the "Reset Conversion Price" referenced in the Certificate of Designation filed on April 24, 2018.
- Assess the potential dilution impact of the 11,345,100 shares available upon full conversion of the Series 4 Preferred Stock.
- Check for subsequent filings to determine if the Preferred Stock has been fully converted since July 13, 2018.