Brief: Kins Technology Group Inc. Announces Execution Of Merger Agreement To Acquire Leading Workplace Experience Platform Business

XTI Aerospace

26/09/2022 14:59

Sept 26 (Reuters) - Inpixon  INPX.O :
    * KINS TECHNOLOGY GROUP INC. ANNOUNCES EXECUTION OF MERGER
AGREEMENT TO ACQUIRE LEADING WORKPLACE EXPERIENCE PLATFORM
BUSINESS
    * KINS TECHNOLOGY GROUP INC. - TRANSACTION WILL BE
STRUCTURED AS A
BUSINESS COMBINATION WITH INPIXON'S WHOLLY OWNED SUBSIDIARY,
CXAPP HOLDINGS CORP
    * KINS TECHNOLOGY GROUP INC. - TRANSACTION ANTICIPATED TO
RESULT
IN INPIXON SHAREHOLDERS RECEIVING SHARES OF KINS CAPITAL STOCK
VALUED AT ABOUT $69 MILLION
    * KINS TECHNOLOGY - COMBINED CO IS EXPECTED TO OPERATE UNDER
NAME
CXAPP INC. AND REMAIN A NASDAQ-LISTED PUBLIC COMPANY TRADING
UNDER A NEW TICKER SYMBOL

Source text for Eikon:  ID:nGNX6JPH3c 
Further company coverage:  INPX.O 
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