Inpixon (INPX) Board Approves 1-for-40 Reverse Stock Split

November 1, 2018 12:59 PM EDT

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Inpixon (NASDAQ: INPX) announced that the Company’s Board of Directors has approved a reverse stock split of the Company’s common stock whereby every forty (40) shares of its outstanding common stock will automatically be combined into one (1) share of common stock. The reverse split was approved by the Company’s shareholders on October 31, 2018 and will be effective as of the commencement of trading on November 2, 2018. The reverse stock split is being implemented for the purpose of complying with the closing bid price requirement in Nasdaq Listing Rule 5550(a)(2).

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