XTI Aerospace, Inc. current report, 13 September 2019

Business Context and Reporting Period

This Form 8-K is a current report filed by Inpixon (trading symbol: INPX) on September 13, 2019. The registrant is incorporated in Nevada and reports under Commission File Number 001-36404. The filing addresses Item 8.01 (Other Events) regarding the company's capital structure as of the report date.

Capital Structure and Outstanding Securities

As of September 13, 2019, Inpixon reported the following issued and outstanding securities:

  • Common Stock: 49,943,300 shares.
  • Series 4 Convertible Preferred Stock: 1 share, convertible into 202 shares of common stock.
  • Series 5 Convertible Preferred Stock: 126 shares, convertible into 37,838 shares of common stock (subject to rounding).
  • Warrants (Rights Offering): Warrants to purchase up to 112,800 shares of common stock, issued on January 15, 2019, with an exercise price of $3.33 per share.
  • Series A Warrants: Warrants to purchase up to 3,915,701 shares of common stock, with an exercise price of $0.2775 per share.

Financial Metrics

The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the count and terms of outstanding equity securities.

Material Changes

The filing does not explicitly detail material changes versus a prior comparable period. It provides a snapshot of the outstanding securities as of September 13, 2019.

Guidance, Outlook, and Risks

The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items beyond the disclosure of the current capital structure.

Key Facts for Investor Verification

  • Verify the total potential dilution from the 3,915,701 Series A warrants exercisable at $0.2775.
  • Confirm the conversion terms for the Series 4 and Series 5 Convertible Preferred Stock.
  • Check the status of the 112,800 warrants issued in the January 2019 rights offering.
  • Validate the total share count of 49,943,300 common shares outstanding.