Inpixon Shares Rise 26% After Deal to Sell Enterprise Apps Business [MarketWatch]
Inpixon (INPX)
Last inpixon earnings: 8/21 04:05 pm
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US:NASDAQ Investor Relations:
globenewswire.com/news-release/2018/02/06/1333746/0/en/inpixon-effects-reverse-stock-split.html
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Source: MarketWatch
The deal includes the enterprise apps business' workplace experience technologies, indoor mapping, events platform, augmented reality and related business solutions. The transaction will be structured as a business combination with Inpixon's newly formed CXApp Holding Corp. subsidiary, and is expected to result in Inpixon stockholders receiving shares in KINS valued at $69 million. Inpixon said the transaction is expected to provide its enterprise apps business with greater capital and operational resources, a new executive management team and board expertise to accelerate growth. Following the closing of the transaction, CXApp will be a wholly owned subsidiary of KINS, and the combined business will be listed on the Nasdaq Capital Market. The proposed transaction is expected to be completed in the fourth quarter of 2022. Write to Chris Wack at chris.wack@wsj.com
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- 3/12/24 - Form POS
- 2/27/24 - Form 8-K/A
- 2/23/24 - Form 425
- INPX's page on the SEC website