On February 13, 2023, Inpixon (INPX) announced a spin-off of CXApp Inc. to holders of record on March 6, 2023. The distribution is subject to the completion of the business combination with KINS Technology Group Inc. (KINZ/U/W) expected to occur, March 14, 2023 (a separate notice will be issued regarding the business combination). The EX-distribution when-issued market of Inpixon (INPXV) and the when-issued market for CXApp Inc. Common Stock (CXAIV) are expected to begin trading on Nasdaq on Friday, March 3, 2023. The details for the spin-off and when-issued markets are as follows:
Parent Company/Issue: Inpixon Common Stock CUSIP: 45790J867 Symbol: INPX Record Date: March 6, 2023 Payment Date: March 14, 2023 Anticipated EX Date: March 15, 2023 Due Bill Redemption Date: March 16, 2023 Ratio of Spin-Off/ Distribution: One (1) share of CXApp Inc. for each share of Inpixon held.
An EX-distribution when issued market will be established for Inpixon. Trades in the EX-distribution when issued market will not carry due-bills for the spin off/distribution. The details for the EX-distribution when-issued market are as follows:
Symbol: INPXV CUSIP: 45790J859 Anticipated First Trade Date: March 3, 2023 Anticipated Suspension Date: March 15, 2023 Settlement Date: March 17, 2023 A when-issued market will be established for the shares of CXApp Inc. (CXAIV). This symbol will be suspended effective March 15, 2023 (the Ex-date). The details for the when issued market are as follows: Symbol: CXAIV CUSIP: 23248B109 Anticipated First Trade Date: March 3, 2023 Anticipated Suspension Date: March 15, 2023 Settlement Date: March 17, 2023
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