Damon Motors Announces Merger With Inpixon Ltd., And Plans For Nasdaq Listing Of Combined Company; Enterprise Value Of Damon Was Ascertained By Inpixon's Independent Financial Advisory Firm To Be Within The Range Of $224M-$284M
Portfolio Pulse from Benzinga Newsdesk
Damon Motors, the maker of the HyperSport electric motorcycle, has announced a reverse merger with Inpixon (NASDAQ:INPX) through a spin-off entity, Grafiti Holding Inc. The enterprise value of Damon was estimated to be between $224M-$284M by Inpixon's independent financial advisory firm. Damon has secured over $85M in pre-production, consumer reservations for its motorcycles. Post-merger, the combined company plans to list on the Nasdaq Capital Market.
October 23, 2023 | 1:31 pm
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Inpixon's merger with Damon Motors could potentially increase its market value due to Damon's strong pre-production reservations and high enterprise value. The planned Nasdaq listing of the combined company could also boost investor interest.
The merger with Damon Motors, a company with strong pre-production reservations and a high enterprise value, could potentially increase Inpixon's market value. The planned Nasdaq listing of the combined company could also attract more investors, potentially driving up the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100