Inpixon Received Shareholder Approval Of The Proposals Related To The Previously Announced Merger Agreement With XTI Aircraft Company; Expected To Be completed At Or Around Year End; To Operate Under XTI Aerospace And Trade Under "XTIA"
Portfolio Pulse from Benzinga Newsdesk
Inpixon has received shareholder approval for the merger with XTI Aircraft Company, with completion expected around year-end. The merged entity will be named XTI Aerospace, Inc. and plans to trade on the Nasdaq under the symbol 'XTIA', pending listing approval.
December 11, 2023 | 2:04 pm
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Inpixon's merger with XTI Aircraft has been approved by shareholders, indicating a strategic expansion and potential growth opportunities. The stock is expected to be rebranded as 'XTIA' on Nasdaq, subject to listing approval.
Shareholder approval is a significant step in the merger process, often leading to positive market sentiment as it clears a major hurdle. The rebranding and new ticker symbol represent a fresh start and potential for growth, which could attract investor interest and drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100