INPIXON Enters Material Agreement, Completes Asset Transaction

TL;DR

**INPIXON just made a big move with a new agreement and asset deal on Feb 16th!**

AI Summary

INPIXON entered into a Material Definitive Agreement and completed an acquisition or disposition of assets on February 16, 2024. The filing, an 8-K, was submitted on February 23, 2024, by INPIXON, a company based in Palo Alto, CA, with the CIK 0001529113. The specific details of the agreement and acquisition are not fully disclosed in this summary.

Why It Matters

This filing indicates significant corporate activity for INPIXON, potentially impacting its financial position and strategic direction through new agreements and asset changes.

Risk Assessment

Risk Level: medium — The filing indicates significant corporate actions (material agreement, asset acquisition/disposition) without providing specific financial details, which introduces uncertainty.

Key Players & Entities

• INPIXON (company) — Registrant and filer of the 8-K
• February 16, 2024 (date) — Date of earliest event reported
• February 23, 2024 (date) — Date of filing
• 001-36404 (other) — SEC File Number
• 0001529113 (other) — Central Index Key (CIK) for INPIXON

FAQ

Key Financial Figures

• $1,000,000 — iti LLC for a minimum purchase price of $1,000,000 paid in two annual cash installments of
• $500,000 — paid in two annual cash installments of $500,000 due within 60 days after December 31, 2

Filing Documents

• ea0200243-8k425_inpixon.htm (8-K) — 81KB
• ea0200243ex2-1_inpixon.htm (EX-2.1) — 234KB
• ea0200243ex99-1_inpixon.htm (EX-99.1) — 1117KB
• 0001213900-24-016458.txt ( ) — 1708KB
• inpx-20240216.xsd (EX-101.SCH) — 3KB
• inpx-20240216_lab.xml (EX-101.LAB) — 33KB
• inpx-20240216_pre.xml (EX-101.PRE) — 22KB
• ea0200243-8k425_inpixon_htm.xml (XML) — 4KB

01 Completion of Acquisition or Disposition of Assets

Item 2.01 Completion of Acquisition or Disposition of Assets. On February 21, 2024, Inpixon completed the disposition of the Covered Business pursuant to the Equity Purchase Agreement. To the extent required by Item 2.01, the disclosure set forth in Item 1.01 above is incorporated by reference in this Item 2.01. Item 8.01 Other Events. In connection with the transactions contemplated in the Merger Agreement, Inpixon previously filed (i) XTI's unaudited financial statements as of September 30, 2023 and for the three and nine months ended September 30, 2023 and 2022, including the accompanying notes thereto, and (ii) the unaudited pro forma condensed combined balance sheet of Inpixon and XTI as of September 30, 2023 and the unaudited pro forma condensed combined statement of operations of Inpixon and XTI for the nine months ended September 30, 2023 and for the year ended December 31, 2022 (the "September 30, 2023 Pro Forma Financial Information"), as Exhibit 99.1 and Exhibit 99.2, respectively, in a Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on December 15, 2023 (the "December 2023 Form 8-K"). This Current Report on Form 8-K is being filed to update the September 30, 2023 Pro Forma Financial Information of Inpixon and XTI (as updated, the "Updated September 30, 2023 Pro Forma Financial Information") due to certain adjustments made subsequent to the filing of the December 2023 Form 8-K in connection with recent developments, including, but not limited to, Inpixon's anticipated reverse stock split, the anticipated conversion of outstanding debt and certain other liabilities into equity securities by XTI and Inpixon, and the consummation of a proposed financing of equity securities by XTI. To the extent that information in the Updated September 30, 2023 Pro Forma Financial Information contained in Exhibit 99.1 hereto differs from or updates information contained in the September 30, 2023 Pro Forma Financial Information

View Full Filing

View this 8-K filing on SEC EDGAR