Business Context and Reporting Period
This Form 8-K is a current report filed by Inpixon (a Nevada corporation) on April 1, 2018. The filing addresses Item 8.01 (Other Events) to clarify inaccuracies in a Bloomberg Automation notice regarding the company's equity structure and lock-up periods following a reverse stock split.
Key Financial Metrics
The filing does not provide standard financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The only financial data disclosed relates to a specific equity offering:
- Offering Shares Issued: Approximately 599,812 shares of common stock (adjusted for a 1-for-30 reverse stock split).
- Offering Price: $5.31 per share.
- Management Equity Subject to Lock-up: Approximately 9,000 shares of common stock and warrants/options to purchase approximately 4,052 shares (post-split).
Material Changes and Clarifications
The filing clarifies two material points regarding a previous Bloomberg Notice:
- Reverse Stock Split Adjustment: The Bloomberg Notice incorrectly cited 18 million shares issued in the January 8, 2018 offering. The filing corrects this to approximately 599,812 shares after accounting for the 1-for-30 reverse stock split implemented on February 6, 2018.
- Lock-Up Period Scope: The 90-day lock-up period (extended to August 2018) applies only to Management Equity (officers and directors) and does not apply to the equity securities issued to investors in the January 8, 2018 offering.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of general business risks. The primary contingency addressed is the correction of public market data to ensure accurate reporting of share counts and lock-up restrictions.
Investor Verification Checklist
- Verify the corrected share count of approximately 599,812 shares issued in the January 2018 offering.
- Confirm the $5.31 per share price for the January 2018 offering.
- Ensure understanding that the lock-up period applies only to management holdings, not the broader investor base from the January offering.
- Note that the company is classified as an emerging growth company.