Business Context and Reporting Period
This Form 8-K is a current report filed by Inpixon (the "Company") on April 30, 2018. The filing provides an update on the Company's capitalization following a recent securities offering.
Key Financial Metrics
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on share count and capitalization structure.
- Common Stock Outstanding: 15,207,789 shares (as of April 30, 2018).
- Series 4 Convertible Preferred Stock Outstanding: 7,496 shares.
- Conversion Potential: The outstanding Preferred Stock is convertible into approximately 16,296,304 shares of Common Stock.
- Recent Conversion Activity: 2,619 shares of Preferred Stock were converted into 5,693,498 shares of Common Stock.
Material Changes
The increase in Common Stock outstanding is attributed to the conversion of Preferred Stock issued on April 24, 2018, in connection with a previously announced offering. The filing notes that the total number of shares outstanding increased due to this specific conversion event.
Outlook and Management Commentary
Management projects that following the conversion of all outstanding Series 4 Preferred Stock, and excluding any future issuances, the Company will have an aggregate of approximately 31,504,093 shares of Common Stock outstanding. The filing incorporates by reference the full details of the offering described in the April 24, 2018 Form 8-K.
Investor Verification Checklist
- Verify the full terms of the April 24, 2018 securities offering referenced in the April 24 Report.
- Confirm the conversion ratio and remaining conversion schedule for the 7,496 shares of Series 4 Preferred Stock.
- Review the April 24, 2018 Form 8-K for details on the capital raised and use of proceeds, as this filing does not contain those figures.
- Monitor for any subsequent issuances of Common Stock that would alter the projected total of 31,504,093 shares.