KINS Technology Group (KINZ) Shareholders Approve Inpixon Deal
by Marlena Haddad on 2023-03-10 at 5:37pm

KINS Technology Group Inc. (NASDAQ:KINZ) announced its shareholders have approved its combination with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application at a special meeting held earlier today.

Holders of 7,097,290 shares of KINS common stock were present at today’s meeting, representing 97.39% of KINS’ common stock outstanding. The deal was overwhelmingly approved as it received 7,063,163 votes in favor of the transaction and just 34,127 against it.

The completion vote was originally scheduled to be held on March 8, but was pushed back until today, March 10, to allow additional time for KINS to engage with its stockholders. The SPAC, however, has not yet disclosed redemption figures or a closing date. Once the deal is closed, the combined company is expected to trade as CXApp on the Nasdaq.

KINS originally brought an estimated $4.0 million in cash into the deal from its trust, having seen 96.6% of shares redeemed in a June 2022 extension vote. Then, stockholders redeemed 550,539 shares in a December 2022 extension vote, resulting in just 387,551 shares of Class A common stock remaining.

The SPAC announced the $69 million deal with Inpixon in September 2022. Palo Alto-based CXApp provides digital workplace and event management tools, helping users book rooms and venues as well as interact with spaces via AR/VR solutions.


ADVISORS

  • Skadden, Arps, Slate, Meagher and Flom LLP is serving as legal advisor to KINS.
  • Mitchell Silberberg and Knupp LLP is acting as legal advisor to CXApp.
KINS Technology Group (KINZ) Shareholders Approve Inpixon Deal
Recent Posts
by Nicholas Alan Clayton on 2025-07-03 at 12:54pm

Crown PropTech (OTC:CPTKW) has entered into a definitive agreement to combine with rare earth mining firm Mkango Resources (TSX-V:MKA) at a pre-money equity value of $400 million. London-based Mkango is working to commercialize a chain of rare earth mining and refining facilities in Africa and Europe. The combined company is expected to trade on the...

by Nicholas Alan Clayton on 2025-07-03 at 8:27am

At the SPAC of Dawn One of the biggest sources of uncertainty in the SPAC market in recent years has been regulatory changes, but new shifts could be in its favor. SEC Chairman Paul Atkins told CNBC yesterday that the commission would review the rules for SPACs after “rather controversial” changes to the rules passed...

by Nicholas Alan Clayton on 2025-07-02 at 12:13pm

McKinley Acquisition Corporation (NASDAQ:MKLYU) has filed for a $150 million SPAC to hunt for an innovative target company with an experienced financial team that has dabbled in SPACs before. The new SPAC is offering investors one right to a 1/10 share in each unit with no overfunding of the trust, but it could provide a...

by Nicholas Alan Clayton on 2025-07-02 at 8:29am

At the SPAC of Dawn The rain of SPACs has continued with four expected to make their debuts during today’s trading sessions after pricing their IPOs overnight. The largest of these, EQV Ventures II (NASDAQ:EVACU), even managed an upsize, making it the largest SPAC IPO since Ares II (NYSE:AACT) pulled together $450 million in 2023....

by Nicholas Alan Clayton on 2025-07-02 at 6:28am

EQV Ventures II (NASDAQ:EVACU) announced the pricing of its upsized $420 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “EVACU”, Wednesday, July 2, 2025. The new SPAC plans to merge with an energy target involved in upstream exploration or production. EQV II’s management team is led by...

logo

Copyright © 2025 SPACInsider, Inc. All Rights Reserved