PALO ALTO, Calif., Feb. 6, 2020 /PRNewswire/ -- Inpixon
(Nasdaq: INPX), a leading indoor data company that specializes in
delivering indoor intelligence, today announced that on
February 5, 2020, it received a
letter from the Office of General Counsel of The Nasdaq Stock
Market LLC ("Nasdaq") informing it of a favorable decision from the
Nasdaq Hearings Panel (the "Panel") to grant Inpixon's request for
continued listing of the Company's common stock on Nasdaq.
At a hearing held on January 23,
2020, Inpixon requested that the Panel find it in compliance
with the continued listing rules as a result of its compliance with
the minimum bid price requirement in Listing Rule 5550(a)(2), for a
period of twelve consecutive trading days as of the date of the
hearing. The Panel found that the Company had demonstrated
compliance with the bid price requirement.
About Inpixon
Inpixon® (Nasdaq: INPX) is an indoor data company that
specializes in capturing, interpreting and giving context to indoor
data so it can be translated into actionable intelligence. The
company's indoor location data platform ingests diverse data from
IoT, third-party and proprietary sensors designed to detect and
position all active cellular, Wi-Fi and Bluetooth devices, and uses
a proprietary process that ensures anonymity. Paired with a
high-performance data analytics engine, patented algorithms, and
advanced mapping technology, Inpixon's solutions are leveraged by a
multitude of industries to do good with indoor data. This
multidisciplinary depiction of indoor data enables users to
increase revenue, decrease costs, and enhance safety. Inpixon
customers can boldly take advantage of location awareness,
analytics, sensor fusion and the Internet of Things (IoT) to
uncover the untold stories of the indoors. For the latest insights,
follow Inpixon on LinkedIn, Twitter, and visit inpixon.com.
Safe Harbor Statement
All statements in this release that are not based on
historical fact are "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 and the
provisions of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. While management has based any forward-looking statements
included in this release on its current expectations, the
information on which such expectations were based may change. These
forward-looking statements rely on a number of assumptions
concerning future events and are subject to a number of risks,
uncertainties and other factors, many of which are outside of the
control of Inpixon and its subsidiaries, which could cause actual
results to materially differ from such statements. Such risks,
uncertainties, and other factors include, but are not limited to,
the fluctuation of economic conditions, the performance of
management and employees, Inpixon's ability to maintain compliance
with Nasdaq's minimum bid price requirement and other continued
listing requirements, including during a panel monitoring
period ending on February 5, 2021,
the ability to obtain financing, competition, general economic
conditions and other factors that are detailed in Inpixon's
periodic and current reports available for review at sec.gov.
Furthermore, Inpixon operates in a highly competitive and rapidly
changing environment where new and unanticipated risks may arise.
Accordingly, investors should not place any reliance on
forward-looking statements as a prediction of actual results.
Inpixon disclaims any intention to, and undertakes no obligation
to, update or revise forward-looking statements.
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SOURCE Inpixon