UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): February 27, 2017
INPIXON
(Exact
name of registrant as specified in its charter)
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Nevada
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001-36404
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88-0434915
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(State
or other jurisdiction
of incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification No.)
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2479
E. Bayshore Road, Suite 195
Palo
Alto, CA
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94303
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
(408) 702-2167
Sysorex
Global
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under
any of the following provisions:
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☐
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item
1.01
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Entry
into a Material Definitive Agreement.
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On
February 27, 2017, Sysorex Global, n/k/a Inpixon (the “Company”), entered into an Agreement and Plan of
Merger (the “Merger Agreement”) with Inpixon, its wholly-owned Nevada subsidiary formed solely for the purpose of
changing the Company’s corporate name from Sysorex Global to Inpixon (the “Name Change”). In accordance
with the Merger Agreement, effective as of March 1, 2017 (the “Effective Date”), the subsidiary was merged with
and into the Company with the Company as the surviving corporation (the “Merger”). In accordance with Section
92A.180 of the Nevada Revised Statutes, stockholder approval of the Merger was not required.
The
Merger and the Name Change do not affect the rights of the Company’s security holders. Following the Name Change, the stock
certificates which reflect the Company’s prior name will continue to be valid but subject to the Reverse Stock Split discussed
at Items 3.03 and 5.03 below. Certificates reflecting the new name will be issued in due course as old stock certificates are
tendered for exchange or transfer to the Company’s transfer agent.
As
part of the Company’s Name Change, each of the Company’s subsidiaries also amended their corporate charters to change
their names from Sysorex USA, Sysorex Government Services, Inc., and Sysorex Canada Corp. to Inpixon USA, Inpixon Federal, Inc.,
and Inpixon Canada, Inc., respectively, effective as of March 1, 2017.
The
description of the Merger Agreement is a summary of the material terms thereof, does not purport to be complete and is qualified
in its entirety by the full text of the agreement, which is attached hereto as Exhibit 2.1 and incorporated herein by reference.
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Item 3.03
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Material Modification to Rights of Security Holders.
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To
the extent required by Item 3.03 of Form 8-K, the information regarding the Reverse Stock Split (as defined below) contained in
Item 5.03 of this Current Report on Form 8-K (this “Current Report”) is incorporated by reference herein.
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Item
5.03
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Amendments
to Articles of Incorporation or Bylaws; Change in Fiscal Year.
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To effectuate the Merger, the Company filed Articles of Merger with the Secretary of State of the State of Nevada which amended
the Company’s Restated Articles of Incorporation, as amended (the “Articles of Incorporation”), to change the
Company’s name to “Inpixon,” effective on the Effective Date. A copy of the Articles of Merger is attached hereto
as Exhibit 3.1 and is incorporated herein by reference.
Also
on the Effective Date, the Company filed a Certificate of Amendment to its Articles of Incorporation (the “Amendment”)
with the Secretary of State of the State of Nevada to effect a 1-for-15 reverse stock split (the “Reverse Stock Split”)
of the Company’s common stock, par value $0.001 per share (the “Common Stock”). Pursuant to the Amendment, effective
as of the Effective Date, every 15 shares of the issued and outstanding Common Stock were converted into one share of Common Stock,
without any change in the par value per share. The Reverse Stock Split was approved by the Company’s stockholders at its
2016 annual meeting of stockholders held on November 8, 2016.
The
Common Stock began trading on a Reverse Stock Split-adjusted basis on the NASDAQ Capital Market at the opening of trading on March
1, 2017. In connection with the Reverse Stock Split and the Name Change, the Common Stock also commenced trading under a new NASDAQ
symbol, “INPX,” and a new CUSIP number, 45790J107, at such time.
No
fractional shares of Common Stock will be issued in connection with the Reverse Stock Split. If, as a result of the Reverse Stock
Split, a stockholder would otherwise hold a fractional share, the stockholder will receive, in lieu of the issuance of such fractional
share, one whole share of Common Stock.
Corporate
Stock Transfer, the Company’s transfer agent, is acting as the exchange agent for the Reverse Stock Split and will provide
instructions to stockholders of record regarding the process for exchanging shares. Those stockholders holding Common Stock in
“street name” will receive instructions from their brokers.
In connection with the Name Change, the Company changed its website address to www.inpixon.com.
The
foregoing descriptions of the Articles of Merger and the Amendment are summaries of the material terms thereof, do not purport
to be complete and are qualified in their entirety by reference to the Articles of Merger and the Amendment, which are incorporated
herein by reference. Copies of the Articles of Merger and the Amendment are attached hereto as Exhibits 3.1 and 3.2, respectively.
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Item
7.01
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Regulation
FD Disclosure.
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On
February 28, 2017, the Company issued a press release announcing the decision of the Nasdaq Hearings Panel (the “Panel”)
described in Item 8.01 of this Current Report, the Reverse Stock Split, the Name Change and the Company’s ticker symbol
change from “SYRX” to “INPX.” A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated
herein by reference.
The
information in this Item 7.01 of this Current Report, including Exhibit 99.1 attached hereto, shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject
to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of
1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On
February 28, 2017, the Company announced that it had received notification that the Panel that it granted the Company’s
request for the continued listing of its common stock on The NASDAQ Stock Market (“Nasdaq”) subject to the Company
(1) having completed a reverse stock split and evidencing a closing bid price of $1.00 or more for a minimum of ten consecutive
trading days as of March 15, 2017 for the purposes of complying with Nasdaq Listing Rule 5550(a)(2); and (2) demonstrating compliance
with all requirements for continued listing on Nasdaq.
In
connection with the Panel’s determination, the Company implemented the Reverse Stock Split described in Item 5.03 of this
Current Report.
The
Nasdaq Listing and Hearing Review Council (the “Listing Council”) may, on its own motion, determine to review any
Panel decision within 45 of February 8, 2017. If the Listing Council determines to review the Panel’s decision, it may affirm,
modify, reverse, dismiss or remand the decision to the Panel.
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Item
9.01
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Financial
Statements and Exhibits.
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(d)
Exhibits
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Exhibit
No.
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Description
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*2.1
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Agreement
and Plan of Merger, dated February 27, 2017, by and between Sysorex Global and Inpixon
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*3.1
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Articles
of Merger, effective as of March 1, 2017
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*3.2
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Certificate
of Amendment to Articles of Incorporation, effective as of March 1, 2017
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**99.1
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Press
Release issued on February 28, 2017
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*
Filed herewith
**
Furnished herewith
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
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INPIXON
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Date:
March 1, 2017
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By:
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/s/
Nadir Ali
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Name:
Nadir Ali
Title:
Chief Executive Officer
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Exhibit Index
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Exhibit No.
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Description
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*2.1
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Agreement and Plan of Merger, dated February 27, 2017, by and between Sysorex Global and Inpixon
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*3.1
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Articles of Merger, effective as of March 1, 2017
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*3.2
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Certificate of Amendment to Articles of Incorporation, effective as of March 1, 2017
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**99.1
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Press Release issued on February 28, 2017
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* Filed herewith
** Furnished herewith
Exhibit 2.1
AGREEMENT AND PLAN OF MERGER
BY AND BETWEEN
SYSOREX GLOBAL, A NEVADA CORPORATION
AND
INPIXON, A NEVADA CORPORATION
THIS AGREEMENT AND PLAN OF MERGER
(“Agreement”) is entered
into this 27th day of February, 2017, by and between Sysorex Global, a Nevada corporation (the “Parent Company”), and
Inpixon, a Nevada corporation (the “Subsidiary Company”). In consideration of the covenants and conditions set forth
herein, and other good and valuable consideration, the receipt and sufficiency of which are acknowledged hereby, the parties agree
as follows:
1.
Background
. Parent Company holds all of the issued and outstanding
shares of stock of Subsidiary Company. The parties have deemed it advisable and in the best interests of each party and their respective
shareholders to merge the Subsidiary Company with and into the Parent Company (the “Merger”) as authorized by the laws
of the State of Nevada.
2.
Merger; Effectiveness
. The Subsidiary Company shall be merged
with and into the Parent Company pursuant to the applicable provisions of Chapter 78 and Section 92A.180 of the Nevada Revised
Statutes, as amended (the “NRS”), and in accordance with the terms of this Agreement. The Articles of Merger shall
be executed by the Parent Company and the Subsidiary Company, filed with the Secretary of State of Nevada, and provide for the
Merger to become effective at 12:02 a.m. on March 1, 2017 (the “Effective Time of the Merger”) with the Parent Company
being the surviving company of the Merger (the “Surviving Company”).
3.
Conversion of Shares
. At the Effective Time of the Merger, by
virtue of the Merger, every share of the common stock of the Subsidiary Company shall be retired and the certificates shall be
deemed cancelled.
4.
Governing Documents; Bylaws; Board of Directors
. The Articles
of Incorporation of the Parent Company in effect immediately prior to the Effective Time of the Merger shall be the Articles of
Incorporation of the Surviving Company,
provided
,
however
, that the Articles of Merger filed with the Secretary of
State of the State of Nevada shall provide that the Articles of Incorporation shall be amended to change the name of the Parent
Company to be “
Inpixon
”. The Bylaws of the Parent Company in effect immediately prior to the Effective Time
of the Merger shall be the Bylaws of the Surviving Company. The Board of Directors and officers of the Parent Company shall be
the Board of Directors and officers of the Surviving Company.
5.
Waiver
. Pursuant to NRS 92A.180, the Parent Company, the sole
shareholder of the Subsidiary Company, waives the requirement that a copy of the plan of merger be mailed to each owner of the
Subsidiary Company.
6.
Termination
. This Agreement may be terminated for any reason at
any time before the filing of the Articles of Merger with the Secretary of State of the State of Nevada (whether before or after
approval by the shareholders of the Subsidiary Company and the Parent Company, or either of them) by resolution of the Board of
Directors of the Parent Company.
7.
Amendment
. This Agreement may, to the extent permitted by law,
be amended, supplemented or interpreted at any time by action taken by the Board of Directors of each of the parties.
8.
Governing Law
. This Agreement and all matters relating to this
Agreement shall be governed by, construed and interpreted in accordance with the laws of the State of Nevada, without giving effect
to principles of conflicts of laws.
9.
Counterpart and Facsimile Signatures
. This Agreement may be signed
in counterparts, each of which shall be an original, but all of which shall constitute one and the same document. Signatures transmitted
by facsimile shall be deemed valid execution of this Agreement binding on the parties.
IN WITNESS WHEREOF
, the parties hereto have duly
executed and delivered this
AGREEMENT AND PLAN OF MERGER
as of the date first set forth above.
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SYSOREX GLOBAL
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INPIXON
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By:
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/s/ Nadir Ali
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By:
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/s/ Nadir Ali
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Name:
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Nadir Ali
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Name:
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Nadir Ali
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Title:
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Chief Executive Officer
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Title:
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President
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Exhibit 3.1
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BARBARA
K. CEGAVSKE
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Secretary of State
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202
North Carson Street
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Carson
City, Nevada 89701-4201
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Filed in the office of
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Document Number
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(775)
684-5708
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/s/ Barbara K. Cegavske
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20170087257-89
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Website: www.nvsos.gov
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Barbara K. Cegavske
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Filing Date and Time
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Secretary of State
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02/27/2017 3:20 PM
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State of Nevada
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Entity Number
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C8519-1999
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Articles
of Merger
(PURSUANT
TO NRS 92A.200)
Page
1
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USE
BLACK INK ONLY – DO NOT HIGHLIGHT
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ABOVE
SPACE FOR OFFICE USE ONLY
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Articles
of Merger
(Pursuant
to NRS Chapter 92A)
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1)
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Name and jurisdiction of organization of each constituent entity (NRS
92A.200):
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☐
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If
there are more than four merging entities, check box and attach an 8 1/2” x 11” blank sheet containing the
required information for each additional entity from article one.
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Inpixon
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Name
of merging entity
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Nevada
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Corporation
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Jurisdiction
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Entity
type*
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Name
of merging entity
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Jurisdiction
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Entity
type*
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Name
of merging entity
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Jurisdiction
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Entity
type*
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Name
of merging entity
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Jurisdiction
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Entity
type*
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a
nd,
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Sysorex
Global
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Name
of surviving entity
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Nevada
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Corporation
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Jurisdiction
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Entity
type*
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*Corporation,
non-profit corporation, limited partnership, limited-liability company or business trust.
Filing
Fee: $350.00
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This
form must be accompanied by appropriate fees.
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Nevada
Secretary of State 92A Merger Page 1
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Revised:
1-5-15
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BARBARA
K. CEGAVSKE
Secretary
of State
202
North Carson Street
Carson
City, Nevada 89701-4201
(775)
684-5708
Website:
www.nvsos.gov
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Articles
of Merger
(PURSUANT
TO NRS 92A.200)
Page
2
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USE
BLACK INK ONLY – DO NOT HIGHLIGHT
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ABOVE
SPACE IS FOR OFFICE USE ONLY
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2)
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Forwarding
address where copies of process may be sent by the Secretary of State of Nevada (if a
foreign entity is the survivor in the merger - NRS 92A.190):
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☐
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The
undersigned declares that a plan of merger has been adopted by each constituent entity (NRS 92A.200).
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☒
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The
undersigned declares that a plan of merger has been adopted by the parent domestic entity
(NRS 92A.180).
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4)
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Owner's
approval (NRS 92A.200) (options a, b or c must be used, as applicable, for each entity):
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☐
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If
there are more than four merging entities, check box and attach an 8 1/2” x 11”
blank sheet containing the required information for each additional entity from the appropriate
section of article four.
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(a)
Owner's approval was not required from
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Inpixon
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Name
of merging entity, if applicable
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Name
of merging entity, if applicable
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Name
of merging entity, if applicable
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Name
of merging entity, if applicable
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a
nd,
or;
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Sysorex
Global
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Name
of surviving entity, if applicable
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This
form must be accompanied by appropriate fees.
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Nevada
Secretary of State 92A Merger Page 2
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Revised:
1-5-15
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BARBARA K. CEGAVSKE
Secretary of State
202 North Carson Street
Carson City, Nevada 89701-4201
(775) 684-5708
Website: www.nvsos.gov
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Articles of Merger
(PURSUANT TO NRS 92A.200)
Page 3
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USE BLACK INK ONLY – DO NOT HIGHLIGHT
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ABOVE
SPACE IS FOR OFFICE USE ONLY
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(b) The plan was approved by the required consent of the owners
of *:
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Name of merging entity, if applicable
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Name of merging entity, if applicable
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Name of merging entity, if applicable
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Name of merging entity, if applicable
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and, or;
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Name of surviving entity, if applicable
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*
Unless otherwise provided in the certificate
of trust or governing instrument of a business trust, a merger must be approved by all the trustees and beneficial owners of each
business trust that is a constituent entity in the merger.
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This form must be accompanied by appropriate fees.
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Nevada
Secretary of State 92A Merger Page 3
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Revised:
1-5-15
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BARBARA K. CEGAVSKE
Secretary of State
202 North Carson Street
Carson City, Nevada 89701-4201
(775) 684-5708
Website: www.nvsos.gov
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Articles of Merger
(PURSUANT TO NRS 92A.200)
Page 4
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USE BLACK INK ONLY – DO NOT HIGHLIGHT
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ABOVE
SPACE IS FOR OFFICE USE ONLY
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(c) Approval of plan of merger for Nevada non-profit corporation
(NRS 92A.160):
The plan of merger has been approved by the directors
of the corporation and by each public officer or other person whose approval of the plan of merger is required by the articles
of incorporation of the domestic corporation.
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Name of merging entity, if applicable
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Name of merging entity, if applicable
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Name of merging entity, if applicable
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Name of merging entity, if applicable
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and, or;
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Name of surviving entity, if applicable
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This form must be accompanied by appropriate fees.
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Nevada
Secretary of State 92A Merger Page 4
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Revised:
1-5-15
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BARBARA
K. CEGAVSKE
Secretary
of State
202
North Carson Street
Carson
City, Nevada 89701-4201
(775)
684-5708
Website:
www.nvsos.gov
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Articles
of Merger
(PURSUANT
TO NRS 92A.200)
Page
5
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USE
BLACK INK ONLY - DO NOT HIGHLIGHT
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ABOVE
SPACE IS FOR OFFICE USE ONLY
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5)
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Amendments,
if any, to the articles or certificate of the surviving entity. Provide article numbers, if available. (NRS 92A.200)*:
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Article I of the Restated Articles of Incorporation of the surviving
entity is amended to read as follows:
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“ARTICLE I. NAME
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The name of the corporation is INPIXON (the ‘Corporation’).”
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6)
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Location
of Plan of Merger (check a or b):
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☐
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(a)
The entire plan of merger is attached;
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o
r,
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☒
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(b)The
entire plan of merger is on file at the registered office of the surviving corporation, limited-liability company or business
trust, or at the records office address if a limited partnership, or other place of business of the surviving entity (NRS
92A.200).
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7)
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Effective
date and time of filing: (optional) (must not be later than 90 days after the certificate is filed)
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Date:
March 1,
2017
Time:
12:02 am
* Amended
and restated articles may be attached as an exhibit or integrated into the articles of merger. Please entitle them “Restated”
or “Amended and Restated,” accordingly. The form to accompany restated articles prescribed by the secretary of state
must accompany the amended and/or restated articles. Pursuant to NRS 92A.180 (merger of subsidiary into parent - Nevada parent
owning 90% or more of subsidiary), the articles of merger may not contain amendments to the constituent documents of the surviving
entity except that the name of the surviving entity may be changed.
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This form must be accompanied by appropriate fees.
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Nevada Secretary of State 92A Merger
Page 5
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Revised: 1-5-15
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BARBARA
K. CEGAVSKE
Secretary
of State
202
North Carson Street
Carson
City, Nevada 89701-4201
(775)
684-5708
Website:
www.nvsos.gov
|
|
Articles
of Merger
(PURSUANT
TO NRS 92A.200)
Page
6
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USE
BLACK INK ONLY - DO NOT HIGHLIGHT
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ABOVE
SPACE IS FOR OFFICE USE ONLY
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8)
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Signatures
- Must be signed by: An officer of each Nevada corporation; All general partners of each
Nevada limited partnership; All general partners of each Nevada limited-liability limited
partnership; A manager of each Nevada limited-liability company with managers or one
member if there are no managers; A trustee of each Nevada business trust (NRS 92A.230)*
☐
(
If there are more than four merging entities, check box and attach an 8 1/2” x 11”
blank sheet containing the required information for each additional entity from article eight.
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Inpixon
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Name
of
merging
entity
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/s/
Nadir Ali
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President
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2/27/2017
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Signature
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Title
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Date
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Name
of
merging
entity
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X
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Signature
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Title
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Date
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Name
of
merging
entity
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X
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Signature
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Title
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Date
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Name
of
merging
entity
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X
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Signature
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Title
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Date
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and,
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Sysorex
Global
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Name
of
surviving
entity
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/s/
Nadir Ali
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Chief
Executive Officer
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2/27/2017
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Signature
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Title
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Date
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* The articles of merger must be signed by each foreign constituent
entity in the manner provided by the law governing it (NRS 92A.230). Additional signature blocks may be added to this page or as
an attachment, as needed.
IMPORTANT
: Failure to include any of the above information
and submit with the proper fees may cause this filing to be rejected.
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This form must be accompanied by appropriate fees.
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Nevada Secretary of State 92A Merger
Page 6
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Revised: 1-5-15
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Exhibit
3.2
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BARBARA
K. CEGAVSKE
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Secretary
of State
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202
North Carson Street
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Carson
City, Nevada 89701-4201
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Filed in the office of
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Document
Number
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(775)
684-5708
Website:
www.nvsos.gov
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/s/ Barbara
K. Cegavske
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20170087256-78
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Barbara
K. Cegavske
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Filing
Date and Time
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Secretary
of State
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02/27/2017
3:20 PM
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State
of Nevada
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Entity
Number
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Certificate
of Amendment
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C8519-1999
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(PURSUANT
TO NRS 78.385 AND 78.390)
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USE BLACK INK ONLY - DO
NOT HIGHLIGHT
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ABOVE
SPACE IS FOR OFFICE USE ONLY
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Certificate
of Amendment to Articles of Incorporation For Nevada Profit Corporations
(Pursuant
to NRS 78.385 and 78.390 - After Issuance of Stock)
1.
Name of corporation:
2.
The articles have been amended as follows: (provide article numbers, if available)
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Article
IV of the Restated Articles of Incorporation is hereby amended by adding the following as a new subsection (1) to Section (A)
thereto:
“(1)
Upon the effectiveness of the filing (the “Effective Time”) of this Certificate of Amendment to the Restated Articles
of Incorporation, each fifteen (15) shares of Common Stock issued and outstanding immediately prior to the Effective Time shall
be reclassified and combined into one (1) validly issued, fully paid and non-assessable share of Common Stock automatically and
without any further action by the Corporation or the holder thereof, subject to the treatment of fractional share interests as
described below (the “Reverse Stock Split”). [Continued on attachment]
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3. The
vote by which the stockholders holding shares in the corporation entitling them to exercise at least a majority of the
voting power, or such greater proportion of the voting power as may be required in the case of a vote by classes or series,
or as may be required by the provisions of the articles of incorporation* have voted in favor of the amendment is:
a
majority of the voting power
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4. Effective date and time of filing: (optional)
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Date:
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March 1, 2017
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Time:
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12:01
am
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(must not be later than 90 days after the certificate is filed)
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5.
Signature: (required)
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X /s/ Nadir Ali
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Signature of Officer
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*If
any proposed amendment would alter or change any preference or any relative or other right given to any class or series of outstanding
shares, then the amendment must be approved by the vote, in addition to the affirmative vote otherwise required, of the holders
of shares representing a majority of the voting power of each class or series affected by the amendment regardless to limitations
or restrictions on the voting power thereof.
IMPORTANT:
Failure to include any of the above information and submit with the proper fees may cause this filing to be rejected.
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This
form must be accompanied by appropriate fees.
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Nevada
Secretary of State Amend Profit-After
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Revised:
1-5-15
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Attachment
The
Corporation shall not issue to any holder a fractional share of Common Stock on account of the Reverse Stock Split. Rather,
any fractional share of Common Stock resulting from such change shall be rounded upward to the nearest whole share of Common
Stock. Share interests issued due to rounding are given solely to save the expense and inconvenience of issuing fractional
shares of Common Stock and do not represent separately bargained for consideration. Until surrendered, each certificate that
immediately prior to the Effective Time represented shares of Common Stock (“Old Certificates”
)
shall only
represent the number of whole shares of Common Stock into which the shares of Common Stock formerly represented by such Old
Certificate were combined into as a result of the Reverse Stock Split.”
Exhibit 99.1
Sysorex
Announces Favorable Decision from the Nasdaq Hearings Panel
Effects
Reverse Stock Split and Name Change to Inpixon
PALO
ALTO, CA, – February 28, 2017 –
Sysorex (NASDAQ: SYRX), the indoor positioning and data analytics company,
today announced that it has received written notification that the Nasdaq Hearings Panel (the “Panel”) has granted
the Company’s request for continued listing on the Nasdaq Capital Market, subject to certain conditions including that,
no later than March 15, 2017, Sysorex effect a reverse split of its common stock and evidence a closing bid price of $1.00 per
share or more for a minimum of ten consecutive trading days.
In
connection with satisfying the Panel’s condition for continued listing, the Company’s Board of Directors has approved
a reverse stock split of the Company’s common stock whereby every 15 shares of common stock will automatically be combined
into one share of common stock. The reverse split was approved by the Company’s shareholders on November 8, 2016 and will
be effective as of the commencement of trading on March 1, 2017.
Sysorex
also announced today that, effective as of March 1, 2017, the Company will change its name to Inpixon and its trading symbol from
“SYRX” to “INPX.” The Company’s common stock will begin trading on The Nasdaq Capital Market (“Nasdaq”)
under its new name and trading symbol effective at the market opening on March 1, 2017.
About
Sysorex
Sysorex
(NASDAQ: SYRX) is a leader in indoor positioning and data analytics. Sysorex sensors are designed to find all accessible cellular,
Wi-Fi and Bluetooth devices anonymously. Paired with a high-performance, data analytics platform, this technology delivers visibility,
security and business intelligence on any commercial or government premises world-wide. Sysorex’s products, infrastructure
solutions and professional services group help customers take advantage of mobile, big data, analytics and the Internet of Things
(IoT) to uncover the untold stories of the indoors. For the latest insight on Indoor Positioning and Data Analytics, follow Sysorex
on LinkedIn and @SysorexGlobal on Twitter.
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 Act, 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 Sysorex 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 global economic conditions, the
performance of management and employees, the company’s ability to obtain financing, competition, general economic conditions
and other factors that are detailed in the company’s periodic and current reports available for review at www.sec.gov. Furthermore,
we operate 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. We disclaim any intention
to, and undertake no obligation to, update or revise forward-looking statements.
Contacts
Sysorex
Investor Relations:
CorProminence LLC
Scott Arnold, +1 (516) 222-2560
Managing Director
www.corprominence.com