INPX - Inpixon prices $50M registered direct offering of convertible preferred stock

Inpixon (INPX) entered into a securities purchase deal with certain institutional investors to buy ~53.2K series 8 convertible preferred shares and warrants to purchase up to 112.8M shares. Total gross proceeds will be ~$50M. Each series 8 convertible preferred share and 2.1K warrants will have a combined purchase price of $940. Each series 8 convertible preferred share will have a stated value of $1K and is immediately convertible into INPX shares at an initial conversion price of $0.4717/share. The series 8 convertible preferred stock permit the holder to vote on an as-converted basis with holders of common stock. Series 8 convertible preferred stockholders have the right to require INPX to redeem their preferred stock for cash at the stated value at any time starting Oct. 1 and ending 90 days thereafter. INPX also has the right to redeem the preferred stock starting on Oct. 1 for cash at the stated value and force the

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Inpixon prices $50M registered direct offering of convertible preferred stock