Stock Alert: Sysorex More Than Triples

(RTTNews) - 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.