Inpixon Announces Planned Spin-Off And Merger Of SAVES UK Business With Damon Motors, And Plans For Nasdaq Listing Of Combined Company; Enterprise Value Of Damon Within $224M-$284M
Portfolio Pulse from Benzinga Newsdesk
Inpixon (NASDAQ:INPX) has announced a definitive agreement for its UK-based subsidiary, Inpixon Ltd., to be acquired by private Canadian company, Damon Motors Inc. The deal includes a spin-off of Inpixon UK and a merger with Damon Motors, with plans for a Nasdaq listing of the combined company. Damon Motors, known for its HyperSport electric motorcycle, has reported approximately $85 million in pre-production consumer reservations. The enterprise value of Damon was estimated to be between $224 million and $284 million. This transaction is separate from the pending merger between Inpixon and XTI Aircraft, Inc.
October 23, 2023 | 12:35 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Inpixon's merger with Damon Motors and the planned Nasdaq listing of the combined company could potentially increase the value of Inpixon's shares. The company's ongoing merger with XTI Aircraft, Inc. is also expected to contribute to shareholder value.
The merger with Damon Motors and the planned Nasdaq listing of the combined company could potentially increase the value of Inpixon's shares. This is due to the potential growth and expansion opportunities that the merger presents. Additionally, Damon Motors' reported $85 million in pre-production consumer reservations for its motorcycles indicates strong market interest, which could further boost the value of the combined company. The ongoing merger with XTI Aircraft, Inc. is also expected to contribute to shareholder value.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100