INPIXON Files 8-K on Material Agreement; Details Undisclosed
Ticker: XTIA · Form: 8-K · Filed: Feb 5, 2024 · CIK: 1529113
Complexity: simple
Sentiment: neutral
Topics: material-agreement, corporate-event, undisclosed-terms
TL;DR
**INPIXON signed a big deal, but they're not telling us what it is yet.**
AI Summary
INPIXON filed an 8-K on February 5, 2024, reporting an "Entry into a Material Definitive Agreement" that occurred on February 2, 2024. While the filing indicates a significant agreement, it does not disclose the specific details, parties, or financial terms of this agreement. This lack of detail means investors are currently in the dark about the nature and potential impact of this material event, which could introduce uncertainty regarding the company's future operations and financial health.
Why It Matters
This filing signals a significant corporate event for INPIXON, but without specific details, investors cannot assess its potential positive or negative impact on the company's valuation or strategic direction.
Risk Assessment
Risk Level: medium — The filing indicates a material agreement without providing any details, creating uncertainty and potential for future volatility once specifics are disclosed.
Analyst Insight
A smart investor would hold off on making any significant decisions regarding INPIXON stock until more specific details about the "Material Definitive Agreement" are disclosed, as the current filing lacks the necessary information to assess its impact.
Key Players & Entities
- INPIXON (company) — the registrant filing the 8-K
- February 2, 2024 (date) — date of the earliest event reported
- February 5, 2024 (date) — date the 8-K was filed
- 001-36404 (other) — Commission File Number for INPIXON
Forward-Looking Statements
- INPIXON will file an amendment or a subsequent 8-K providing more details about the Material Definitive Agreement. (INPIXON) — high confidence, target: 2024-03-01
- The stock price of INPIXON will experience volatility once the details of the Material Definitive Agreement are disclosed. (INPIXON) — medium confidence, target: 2024-03-01
FAQ
What is the specific nature of the "Material Definitive Agreement" INPIXON entered into?
The filing states that INPIXON entered into a "Material Definitive Agreement" on February 2, 2024, but it does not provide any specific details about the nature, terms, or parties involved in this agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 2, 2024, which is the date INPIXON entered into the Material Definitive Agreement.
What items were reported in this 8-K filing by INPIXON?
This 8-K filing reported two items: "Entry into a Material Definitive Agreement" and "Financial Statements and Exhibits."
What is INPIXON's business address as listed in the filing?
INPIXON's business address is 2479 E. Bayshore Road, Suite 195, Palo Alto, CA 94303, with a business phone number of (408) 702-2167.
Has INPIXON operated under different names in the past?
Yes, the filing indicates INPIXON was formerly known as Sysorex Global (changed 20160216), Sysorex Global Holdings Corp. (changed 20130808), and Sysorex Global Holding Corp. (changed 20110901).
Filing Stats: 571 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-02-05 17:15:13
Key Financial Figures
- $2,313,407 — h term is defined in the XTI Note) from $2,313,407 to $4,000,000 and to revise the date "J
- $4,000,000 — ned in the XTI Note) from $2,313,407 to $4,000,000 and to revise the date "January 30,2024
Filing Documents
- ea192851-8k_inpixon.htm (8-K) — 33KB
- ea192851ex10-1_inpixon.htm (EX-10.1) — 14KB
- 0001213900-24-010112.txt ( ) — 220KB
- inpx-20240202.xsd (EX-101.SCH) — 3KB
- inpx-20240202_lab.xml (EX-101.LAB) — 33KB
- inpx-20240202_pre.xml (EX-101.PRE) — 22KB
- ea192851-8k_inpixon_htm.xml (XML) — 3KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 2, 2024 INPIXON (Exact name of registrant as specified in its charter) Nevada 001-36404 88-0434915 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 2479 E. Bayshore Road , Suite 195 Palo Alto , CA 94303 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 408 ) 702-2167 N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock INPX The Nasdaq Capital Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.01 Entry into a Material Definitive Agreement. Amendment of XTI Promissory Note As previously reported in the Current Reports on Form 8-K filed by Inpixon with the Securities and Exchange Commission on July 25, 2023 and January 3, 2024, XTI Aircraft Company ("XTI") issued a Senior Secured Promissory Note to Inpixon, dated July 24, 2023, which was amended by that certain First Amendment to Senior Secured Promissory Note dated December 30, 2023 (as amended, the "XTI Note"). On February 2, 2024, Inpixon and XTI executed a further amendment to the XTI Note, dated effective as of January 30, 2024, to increase the Maximum Principal Amount (as such term is defined in the XTI Note) from $2,313,407 to $4,000,000 and to revise the date "January 30,2024" in the definition of Maturity Date to "March 31, 2024" (the "XTI Note Amendment"). The foregoing description of the XTI Note Amendment does not purport to be complete and is qualified in its entirety by the terms and conditions of the XTI Note Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Second Amendment to Senior Secured Promissory Note, dated as of February 2, 2024, by and between Inpixon and XTI Aircraft Company. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INPIXON Date: February 5, 2024 By: /s/ Nadir Ali Name: Nadir Ali Title: Chief Executive Officer 2