Inpixon Enters Into Definitive Merger Agreement With XTI Aircraft Company, Developer Of A Vertical Lift Crossover Airplane
Portfolio Pulse from Happy Mohamed
Inpixon (NASDAQ:INPX), a provider of real-time location systems, has entered into a definitive merger agreement with XTI Aircraft Company, a developer of the TriFan 600, a vertical takeoff and landing (VTOL) aircraft. The merger is expected to be completed by Q4 2023. XTI has conditional pre-orders of more than 700 aircraft which could generate revenues up to approximately $7.1 billion upon delivery. Post-merger, the combined company will operate under the name XTI Aerospace, Inc. and trade on the Nasdaq Capital market under the symbol XTIA.
July 25, 2023 | 1:02 pm
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Inpixon's merger with XTI Aircraft Company could potentially unlock value for Inpixon shareholders. Post-merger, Inpixon shareholders will own approximately 40% of the outstanding common stock of the combined company.
The merger with XTI Aircraft Company could potentially unlock value for Inpixon shareholders as the combined company will have a higher valuation in a multibillion-dollar market. Furthermore, XTI's conditional pre-orders of more than 700 aircraft could generate significant revenues upon delivery, which could positively impact Inpixon's financial performance.
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