KINS Technology Group Inc. (NASDAQ:KINZ) announced it has closed its combination with workplace experience company Inpixon’s (NASDQ:INPX) CXApp application.
The merger was originally approved by shareholders at a meeting held on March 10, but at that time, the SPAC did not provide a timeline for the closing of the deal. The completion vote was originally scheduled to be held on March 8, but was pushed back to allow additional time for KINS to engage with its stockholders.
The combined company will now operate as CXApp Inc. and will start trading its common stock and warrants on the Nasdaq tomorrow, March 15, under the ticker symbols “CXAI” and “CXAIW”, respectively.
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.
Following the completion of the deal, the company has implemented new leadership to help scale the business. Mr. Khurram Sheikh will serve as the Chairman and CEO of the combined company and KINS directors Ms. Di-Ann Eisnor and Mr. Camillo Martino will become independent board members of CXApp.
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.
Trailblazer Merger Corporation I priced its $60 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “TBMCU” Wednesday, March 29, 2023. The SPAC intends to focus its search on companies operating in the technology industry in the following segments: cloud as a service, supply chain technologies, servicing the hybrid workforce...
Alpine (NYSE:REVE) announced this afternoon that it has again adjourned its special meeting to complete its transaction with experiential entertainment company Two Bit Circus. The SPAC originally intended to hold its special meeting on February 24, but has adjourned it four times since then. Alpine now expects to reconvene the meeting on March 30 at 12:00 p.m....
Home Plate Acquisition Corporation (NASDAQ:HPLT) announced that it adjourned its extension vote today and will reconvene the special meeting at 10:30 am ET on March 30. At the upcoming meeting, the SPAC hopes to gain shareholder approval to extend its completion deadline from April 4, 2023, to October 4, 2023. Home Plate announced a $214 million business combination with...
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: Ares considers raising $400M for new SPAC and electric air mobility division of AIRO and Kernel Group sign MOU with Blade India Ares Considers New $400 Million SPAC Despite Market Lull Ares Management Corp....
DiamondHead Holding Corps. (NASDAQ:DHHC) announced in an 8-K this morning that it has entered into subscription agreements with lock-up investors and PIPE investors in connection to its business combination with Great Southern Homes. Although the deal was approved by shareholders during a meeting last Thursday, the parties are still working to raise funds to meet...