Stock Alert: Sysorex More Than Triples

By RTTNews Staff Writer   ✉   | Published:

Shares of nano-cap company Sysorex, Inc. (SYSX) soared over 260% on Wednesday morning after Inpixon (INPX) announced it has converted debt from Sysorex to equity.

SYSX is currently trading at $3.90, up $2.835 or 266.1972%, on the Nasdaq.

Inpixon has converted a note receivable due from Ethereum mining company Sysorex in an aggregate amount of about $9.0 million into shares of common stock valued at around $17 million.

Concurrent with the conversion of the note receivable, Sysorex announced the closing of a reverse triangular merger with TTM Digital Assets & Technologies, Inc., a data center owner and operator primarily engaged in the business of mining Ethereum and additional cryptocurrencies.

For comments and feedback contact: editorial@rttnews.com

Business News

Get Access to Premium Stock Alerts with RTT Intelligent Investor.
Next Story
Editors Pick
Alaska Airlines To Use Sustainable Aviation Fuel Made From Municipal Solid Waste
Alaska Airlines is set to use sustainable aviation fuel (SAF) made from municipal solid waste following a partnership with SkyNRG Americas, claimed to be the pioneer and global leader for SAF. Alaska Airlines is one of the most fuel-efficient airlines in the U.S. with a strong commitment to sustainability.
Dollar General Plans To Hire Up To 20K New Employees
Discount retailer Dollar General said it is planning to hire up to 20,000 new employees this spring. The company will host in-person and virtual hiring events from April 19 through April 23 to support ongoing efforts across store, distribution, transportation and corporate operations. The retailer provided a comprehensive list of hiring events and available positions on its Careers website.
Wells Fargo Q1 Profit Soars Seven-fold, Results Top Estimates - Quick Facts
Wells Fargo & Co. (WFC) on Tuesday reported net income applicable to common stock of $4.74 billion or $1.05 per share for the first quarter, sharply higher than $653 million or $0.01 per share in the year-ago quarter. Revenue for the quarter increased 2 percent to $18.06 billion from $17.72 billion...