Inpixon Announces Record Date And Details For Subsidiary Spin-Off And Its Planned Business Combination With Damon Motors
Portfolio Pulse from Benzinga Newsdesk
Inpixon (NASDAQ:INPX) has set December 27th, 2023 as the record date for the distribution of Grafiti Holding Inc. shares to eligible securityholders, in preparation for a spin-off and subsequent business combination with Damon Motors, maker of the HyperSport electric motorcycle. The combined company will be listed on Nasdaq, subject to approval. The spin-off shares will be held in a liquidating trust until a registration statement is effective, with 80% subject to lock-up post-business combination. Inpixon will retain its IIOT business and pursue a combination with XTI Aircraft Company.
December 14, 2023 | 2:18 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Inpixon announces record date for Grafiti Holding spin-off and details of the planned business combination with Damon Motors. Shareholders will receive shares of the new public company, with the combined entity to be listed on Nasdaq.
The announcement of the record date for the spin-off and the details of the business combination with Damon Motors is likely to be viewed positively by investors, as it indicates progress in the company's strategic plans. The potential listing of the combined company on Nasdaq could increase investor interest and liquidity. However, the lock-up restrictions on 80% of the spin-off shares may temper short-term trading activity.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100