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.
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