Business Context and Reporting Period
This Form 8-K is a current report filed by Inpixon (not XTI Aerospace, Inc.) on January 18, 2019. The registrant is incorporated in Nevada and reports its principal executive offices in Palo Alto, CA. The filing addresses Item 8.01 (Other Events) regarding the company's capital structure as of the report date.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the count of issued and outstanding equity securities.
Material Changes and Capital Structure
As of January 18, 2019, the company reported the following outstanding securities:
- Common Stock: 4,209,240 shares issued and outstanding (par value $0.001 per share).
- Series 4 Convertible Preferred Stock: 1 share outstanding, convertible into 202 shares of Common Stock.
- Series 5 Convertible Preferred Stock: 3,251 shares outstanding, convertible into approximately 976,277 shares of Common Stock (subject to rounding for fractional shares).
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items. The report is limited to a factual disclosure of share counts.
Investor Verification Checklist
- Verify the total potential dilution from the conversion of Series 4 and Series 5 Preferred Stock.
- Confirm the current trading price of the Common Stock to assess the conversion value of the preferred shares.
- Review subsequent filings to determine if the preferred stock has been converted or if additional equity has been issued since January 18, 2019.
- Clarify the discrepancy between the requested company name (XTI Aerospace, Inc.) and the actual registrant (Inpixon).