Business Context and Reporting Period
This Form 8-K is a current report filed by Inpixon (the "Company") on March 5, 2018. The filing provides an update on the Company's capitalization following the closing of a previously announced securities offering.
Key Financial Metrics
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity. It focuses exclusively on equity capitalization.
- Common Stock Outstanding: 8,142,791 shares as of March 5, 2018.
- Series 3 Preferred Stock Outstanding: 3,223.025 shares.
- Preferred Stock Conversion: Convertible into an aggregate of 1,371,500 shares of Common Stock.
- Shares Issued in Offering: 3,325,968 shares of Common Stock ("Closing Shares").
- Shares from Conversion: 6,961.9502 shares of Preferred Stock converted into 2,962,532 shares of Common Stock.
Material Changes
The increase in total Common Stock outstanding is attributed to the issuance of Closing Shares and the conversion of Preferred Stock, both resulting from the offering closed on February 20, 2018. The filing references a prior Form 8-K filed on February 15, 2018, for full details of the offering.
Outlook and Contingencies
The Company projects that following the conversion of all outstanding Series 3 Preferred Stock, and excluding any future issuances, the total Common Stock outstanding will be 9,514,291 shares. No specific guidance, risks, or unusual items beyond the capitalization update are detailed in this text.
Investor Verification Checklist
- Verify the full terms of the offering described in the February 15, 2018 Form 8-K.
- Confirm the conversion mechanics and remaining balance of Series 3 Preferred Stock.
- Review the impact of the 3,325,968 Closing Shares on existing shareholder dilution.
- Check for any subsequent issuances of Common Stock after March 5, 2018, which would alter the projected 9,514,291 share count.