Inpixon Announces Record Date and Details for Distribution for Enterprise Apps Business Spin-Off

PALO ALTO, Calif., Feb. 13, 2023 /PRNewswire/ — Inpixon ® (Nasdaq: INPX ) today announced that its board of directors has set March 6, 2023 as the record date ("Record Date") for the dividend of shares of common stock of CXApp Holding Corp. ("CXApp Holding") to be distributed to Inpixon securityholders in order to effect the spin-off of Inpixon’s enterprise apps business (including its workplace experience technologies, indoor mapping, events platform, augmented reality and related business solutions). The dividend in CXApp Holding shares is expected to be distributed to holders of Inpixon’s outstanding capital stock and certain other securities as of the Record Date ("Inpixon Securityholders") on or about March 14, 2023, the expected closing date of the previously announced business combination (the "Business Combination") between CXApp Holding and KINS Technology Group Inc. ("KINS") (Nasdaq: "KINZ", "KINZU" for units, "KINZW" for warrants). Following the closing of the Business Combination, KINS will change its name to "CXApp Inc." ("New CXApp") and begin trading on the Nasdaq Capital Market under the stock ticker symbol "CXAI," and Inpixon will continue to trade on the Nasdaq Capital Market under the stock ticker symbol "INPX." Nadir Ali, CEO of Inpixon said, "I’m excited to […]

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