Monday, February 27, 2023 6:00:19 AM
https://www.otcmarkets.com/stock/INPX/news/story?e&id=2447150
Two-Way Trading to Begin for Inpixon on the Nasdaq Capital Market ("Nasdaq")
Beginning on or around the business day prior to the Record Date and continuing through the close of trading on the closing date of the Business Combination, there will be two markets in Inpixon common stock on Nasdaq: a "regular way" market and an "ex-distribution" market. During this period of two-way trading in Inpixon common stock, there will also be a market on Nasdaq for New CXApp common stock on a "when issued" basis.
The trading options that will be available during the two-way trading period are:
Inpixon Regular Way Trading
If, during the period of two-way trading, an Inpixon stockholder sells a share of Inpixon common stock in the regular way market under Inpixon's Nasdaq symbol, "INPX," the stockholder will be selling both the share of Inpixon common stock and the right to receive shares of New CXApp common stock in the transaction.
Inpixon Ex-distribution Trading
If, during the period of two-way trading, an Inpixon stockholder sells a share of Inpixon common stock in the ex-distribution market under the temporary Nasdaq symbol "INPXV," the Inpixon stockholder will be selling only a share of Inpixon common stock and will retain the right to receive shares of New CXApp common stock in the transaction.
New CXApp When issued Trading
During the two-way trading period, an Inpixon stockholder also has the option of selling the right to receive shares of New CXApp common stock while retaining shares of Inpixon common stock. This option will be available under the temporary Nasdaq symbol "CXAIV."
Trades under the symbols "CXAIV" and "INPXV" will settle after the closing date of the Business Combination. If the transaction is not completed, all trades made under these temporary symbols will be cancelled.
In all cases, investors should consult with their financial and tax advisors regarding the specific implications of selling shares of their Inpixon common stock or the right to receive shares of New CXApp common stock on or before the closing date of the Business Combination.
Recent INPX News
- Inpixon Announces Anticipated Closing Date for XTI Merger and Share Consolidation • PR Newswire (US) • 03/11/2024 03:45:00 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 02/27/2024 10:15:09 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 02/23/2024 07:52:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 07:45:53 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 07:48:08 PM
- XTI Aircraft Company Receives Expanded Patent from China • PR Newswire (US) • 02/12/2024 02:30:00 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 02/06/2024 10:18:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/05/2024 10:15:13 PM
- Inpixon Provides Update on Pending Strategic Transactions • PR Newswire (US) • 01/12/2024 02:00:00 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 01/09/2024 10:15:04 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 10:15:12 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 12/29/2023 10:15:41 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 12/20/2023 10:20:12 PM
- Form S-1 - General form for registration of securities under the Securities Act of 1933 • Edgar (US Regulatory) • 12/20/2023 10:15:46 PM
- Inpixon Announces That Damon Motors Will Feature Its HyperFighter Superbike at CES 2024 • PR Newswire (US) • 12/20/2023 02:00:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 12/19/2023 10:19:53 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/15/2023 10:27:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/15/2023 10:25:10 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 12/15/2023 02:48:38 AM
- Inpixon Announces Record Date and Details for Subsidiary Spin-off and its Planned Business Combination with Damon Motors • PR Newswire (US) • 12/14/2023 02:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 09:45:54 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 12/11/2023 10:17:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/11/2023 10:15:24 PM
- Inpixon Announces Shareholder Approval of Proposals Related to Merger Agreement with XTI Aircraft Company, Developer of a Vertical Lift Crossover Airplane (VLCA) • PR Newswire (US) • 12/11/2023 02:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 10:10:29 PM
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