Inpixon: Falls on discounted share offering

XTI Aerospace

25/01/2021 16:09

** Shares of wireless device detecting sensor maker  INPX.O 
fall 4.9% to $1.54
    ** Co says it will offer 19.35 mln shares at $1.55/share to
raise gross proceeds of ~$30 mln  urn:newsml:reuters.com:*:nPncgR8GMa
    ** Offer price represents a discount of 4.32% to stock's
last close
    ** Offer size represents 38.57% of co's outstanding shares
    ** Co says it will use proceeds for future acquisitions or
other strategic activities, among others  
    ** INPX shares are down 59.5% this month, as of last close

 (Reporting by Lasya Priya M in Bengaluru)
 ((LasyaPriya.M@thomsonreuters.com;))