INPX Inpixon

Item 1.01 Entry into a Material Definitive Agreement.

On June 20, 2023, Inpixon (the “Company”) entered into an amendment agreement (the “Amendment”) with the holders (each, including its successors and assigns, a “Holder” and collectively, the “Holders”) of the Common Stock Purchase Warrants issued by the Company on May 17, 2023 (as amended from time to time in accordance with their terms, the “Warrants”) pursuant to the terms and conditions of that certain Warrant Purchase Agreement, dated May 15, 2023, by and among the Company and the Holders (as amended from time to time in accordance with its terms, the “Purchase Agreement”).

Pursuant to the Amendment, the parties amended the Purchase Agreement and the Warrants in order to, among other things, (i) grant the Holders the right to participate in certain subsequent equity financings by the Company, from the effective date of the Amendment until the earlier of (a) the 12-month anniversary of the closing date of the sale of the Warrants (the “Closing Date”) or (b) the date on which the Holder’s Warrant has been redeemed in full or such Holder otherwise no longer beneficially owns any Warrants, on a pro-rata basis (with respect to other participating Holders and the Subscription Amount (as defined in the Purchase Agreement) of Warrants purchased by them on the Closing Date) in up to an aggregate amount equal to 20% of such financing; (ii) extend the period the Company has to file a registration statement covering the resale by the Holders of the shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), issuable upon the exercise of the Warrants, or issuable upon exercise of rights for shares of Common Stock (the “Rights”) that are issuable to the Holders upon exercise of such Rights in lieu of Common Stock in accordance with the terms of the Warrants, from 30 calendar days to 45 days of the date of the Purchase Agreement, and providing that the Company is required to use commercially reasonable efforts to file such registration statement within this period; (iii) provide that in the event that the staff of the U.S. Securities and Exchange Commission (the “Staff”) determines that the full amount of the Shares cannot be registered on the registration statement due to limitations under Rule 415 of the Securities Act of 1933, as amended (the “Securities Act”), then the Company will be required to (a) register the resale of that portion of the Shares as the Staff may permit under its interpretations of Rule 415, and (b) undertake to register the remaining portion of the Shares as soon as registration would be permitted under Rule 415, as determined by the Company in good faith based on the Staff’s publicly available interpretations of Rule 415; (iv) subject the Adjusted Exercise Price to a floor price of $0.10; (v) limit the circumstances under which adjustments are made to the exercise price of the Warrants and the number of shares issuable upon exercise of the Warrants pursuant to Section 3(a) of the Warrants, and (vi) remove provisions granting rights to the Holders in connection with certain subsequent rights offerings and pro rata distributions.

The foregoing is only a brief description of the material terms of the Amendment, does not purport to be a complete description of the rights and obligations of the parties thereunder and is qualified in its entirety by reference to the form of Amendment that is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.