INPX - Inpixon prices $10M registered direct offering

Inpixon (INPX) inked a securities purchase agreement with institutional investors to purchase 8M of its common shares at  $1.25 per share and registered warrants in a registered direct offering.The warrants have an exercise price of $1.25 per share, exercisable immediately and will expire five years following the date of issuance.Gross proceeds to Inpixon from the offering are expected to be ~$10.0M.Net proceeds of the offering may include future acquisitions or other strategic activities intended to accelerate the Company's growth.Offer expected to close on or about Nov.30, 2020.

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Inpixon prices $10M registered direct offering