Inpixon Launches Underwritten Public Offering
Inpixon (NASDAQ: INPX) (the “Company” or “Inpixon”), a leading indoor positioning and data analytics company,
today announced the launch of an underwritten public offering. The securities offered by the Company consist of (i) Class A Units,
each consisting of one share of common stock and a warrant to purchase one share of common stock, and (ii) Class B Units, each
consisting of one of our Series 2 Convertible Preferred Stock, each convertible into shares of common stock, and warrants
exercisable for the number of shares of common stock into which the shares of Series 2 Convertible Preferred Stock are convertible.
The warrants are expected to have an exercise price not less than 125% of the Class A Unit purchase price, will be exercisable upon
issuance, will contain full ratchet price protection to adjust the exercise price if shares of common stock are sold or issued for
a consideration price per share less than the exercise price per share then in effect, subject to a $0.50 floor, and will expire
five years from the date of issuance. Inpixon has granted the underwriter a 45-day option to purchase up to an additional 15% of
the securities offered to cover over-allotments, if any.
The offering is expected to close on or about June 30, 2017, subject to customary closing conditions. Inpixon’s common stock is
listed on the NASDAQ Capital Market under the symbol “INPX.” The net proceeds of the offering will be used for debt repayment,
working capital and general corporate purposes (including research and development and sales and marketing).
Aegis Capital Corp. is acting as the sole book-running manager for the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) and
was declared effective on June 28, 2017. This offering is being made only by means of a preliminary prospectus previously filed
with the SEC which is available on the SEC’s website located at http://www.sec.gov. A final prospectus describing the terms of the offering will be filed with the SEC and will
be available on the SEC’s website located at http://www.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction. Any offer, if at all, will be made only by means of a
preliminary prospectus and final prospectus forming a part of the effective registration statement. Copies of the preliminary
prospectus and final prospectus relating to this offering may be obtained, when available, from Aegis Capital Corp., Prospectus
Department, 810 Seventh Avenue, 18th Floor, New York, NY, 10019, telephone: 212-813-1010 or email: prospectus@aegiscap.com.
About Inpixon
Inpixon (NASDAQ: INPX) is a leader in Indoor Positioning and Data Analytics. Inpixon sensors are designed to find all accessible
cellular, Wi-Fi, and Bluetooth devices anonymously. Paired with a high performance, data analytics platform this technology
delivers visibility, security, and business intelligence on any commercial or government premises world-wide. Inpixon’s products,
infrastructure solutions, and professional services group help customers take advantage of mobile, big data, analytics, and the
Internet of Things (IoT) to uncover the untold stories of the indoors. For the latest insight on Indoor Positioning and Data
Analytics, follow Inpixon on LinkedIn and @InpixonHQ on Twitter.
Cautionary Statement Regarding Forward Looking Statements
All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward-looking statements included
in this release on its current expectations, the information on which such expectations were based may change. These
forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks,
uncertainties and other factors, many of which are outside of the control of Inpixon and its subsidiaries, which could cause actual
results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to,
the fluctuation of global economic conditions, the performance of management and employees, the Company’s ability to obtain
financing, competition, general economic conditions and other factors that are detailed in the Company’s periodic and current
reports available for review at www.sec.gov. Furthermore, we operate in a highly competitive and rapidly changing environment where new and
unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction
of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.
Inpixon Investor Relations:
CorProminence LLC
Scott Arnold, +1 516-222-2560
Managing Director
www.corprominence.com
or
Inpixon Media Contact:
PAN Communications
Hilary Katulak, +1 617-502-4347
hkatulak@pancomm.com
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