Why Is Inpixon Stock Shooting Higher Today?
Portfolio Pulse from Vandana Singh
Inpixon (NASDAQ:INPX) shares are trading higher after the company announced a definitive merger agreement with XTI Aircraft Company. The merger will result in a combined publicly traded company focusing on advancing the TriFan 600 to market and continuing to offer Inpixon's real-time location systems technology. Post-merger, XTI shareholders will own approximately 60% and Inpixon shareholders will retain approximately 40% of the outstanding shares. The merger is expected to be completed by Q4 2023.
July 25, 2023 | 4:55 pm
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POSITIVE IMPACT
Inpixon's stock price is rising following the announcement of a merger agreement with XTI Aircraft Company. The merger is expected to be completed by Q4 2023, with Inpixon shareholders retaining approximately 40% of the outstanding shares.
The announcement of the merger agreement with XTI Aircraft Company has led to a surge in Inpixon's stock price. The merger is expected to enhance the company's product offerings and market reach, which is likely to have a positive impact on its future earnings. This has increased investor confidence, leading to the rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100