Replies to post #4854 on Inpixon (INPX)

[Buckey]

EDIT - I think today but do not hold me to it.

I really am not sure. looks like new symbols tomorrow, There was a time I considered myself an expert of spinoffs and divvies and really made a lot of money on confusion and people not understanding the difference between Record date "date of record" and "Ex date".

BUT this one is all murky with this INPXV starting to trade Friday with OUT the due bills attached.

Normally the ex date is the first date the stock trades without the divviy or spin off. in that first paragraph is says Ex date Mar 16 so you have to own on close March 15th. I may have a better answer in the morning or monday when I see INPXV and CXAIV trading and what happens to my INPX shares - Ie do I get INPXV and keep my INPX. so I would rather not make a comment as I do not know

[Buckey]

This may help
https://nasdaqtrader.com/TraderNews.aspx?id=eca2023-125



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