Inpixon Provides Update On Pending Strategic Transactions; Anticipated Closing On Combination With XTI Aircraft Company To Operate Under Name XTI Aerospace Under Ticker "XTIA"
Portfolio Pulse from Benzinga Newsdesk
Inpixon announced an update on its pending strategic transactions, including the anticipated closing of its combination with XTI Aircraft Company. The merged entity will operate under the name XTI Aerospace and will trade under the ticker 'XTIA'. An independent financial advisory firm valued XTI's enterprise value between $252 million and $343 million.
January 12, 2024 | 2:04 pm
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POSITIVE IMPACT
Inpixon is expected to complete its strategic combination with XTI Aircraft Company, which will result in a new company named XTI Aerospace trading under the ticker 'XTIA'.
The announcement of the pending merger and the valuation of XTI Aircraft Company suggest a positive outlook for Inpixon's strategic direction. The enterprise value provided by an independent firm adds credibility to the transaction and may increase investor confidence in the potential growth prospects of the combined entity. This could lead to a short-term positive impact on Inpixon's stock price as the market reacts to the news of the upcoming merger and the creation of XTI Aerospace.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100