Brief: Inpixon Announces Share Consolidation For Nasdaq Compliance And To Support Strategic Transactions

XTI Aerospace

06/10/2022 21:16

Oct 6 (Reuters) - Inpixon  INPX.O :
    * INPIXON ANNOUNCES SHARE CONSOLIDATION FOR NASDAQ
COMPLIANCE AND
TO SUPPORT STRATEGIC TRANSACTIONS
    * INPIXON -BOARD APPROVED CONSOLIDATION OF COMMON STOCK
WHEREBY
EVERY 75 SHARES OF OUTSTANDING COMMON STOCK WILL AUTOMATICALLY
BE COMBINED INTO 1 SHARE
    * INPIXON - REVERSE STOCK SPLIT IS BEING IMPLEMENTED FOR
PURPOSE
OF COMPLYING WITH APPLICABLE NASDAQ LISTING RULES
    * INPIXON - REVERSE STOCK SPLIT WILL BE EFFECTIVE AS OF
COMMENCEMENT OF TRADING ON FRIDAY, OCTOBER 7, 2022
    * INPIXON - IN ACCORDANCE WITH REVERSE STOCK SPLIT, EACH
STOCKHOLDER'S PERCENTAGE OWNERSHIP INTEREST IN INPIXON WILL
REMAIN UNCHANGED
    * INPIXON - CONCURRENT WITH REVERSE STOCK SPLIT, AUTHORIZED
SHARES
WILL ALSO BE PROPORTIONATELY REDUCED CONSISTENT WITH REVERSE
SPLIT RATIO

Source text for Eikon:  ID:nPn4MT435a 
Further company coverage:  INPX.O 
 ((Reuters.Briefs@thomsonreuters.com;))