Search:
   

Tuesday, February 28, 2023

Equity Corporate Actions Alert #2023 - 125
(UPDATED: Final rate of distribution) Spin-Off/Distribution Information for Inpixon (INPX)

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

Resources:

On February 13, 2023, Inpixon (INPX) announced a spin-off of CXApp Holding Corp. to holders of record on March 6, 2023. The distribution was subject to the completion of the business combination with KINS Technology Group Inc. (KINZ/U/W) that closed today, March 14, 2023 (see link to ECA #2023-159). Upon the close of the business combination, all shares of CXApp Holding Corp will be automatically exchanged for shares of CXApp Inc.(CXAI). INPX shareholders will receive 0.0975222161241519 of a share of Class A Common Stock of CXApp Inc. (CXAI) and 0.3457605844401750 of a share of Class C Common Stock of CXApp Inc. for every share held. The EX-distribution when-issued market of Inpixon (INPXV) and the when-issued market for CXApp Inc. Class A Common Stock (CXAIV) began trading on Nasdaq on Monday, March 6, 2023. The class C shares of CXApp Inc. will not be listed on Nasdaq. The details for the spin-off and when-issued markets are as follows:

Parent Company/Issue: Inpixon Common Stock
CUSIP: 45790J867
Symbol: INPX
Record Date: March 6, 2023
Payment Date: March 14, 2023
EX Date: March 15, 2023
Due Bill Redemption Date: March 16, 2023
Ratio of Spin-Off/ Distribution:
 0.0975222161241519 of a share of Class A Common Stock of CXApp Inc. (CXAI) and 0.3457605844401750 of a share of Class C Common Stock of CXApp Inc. for each share of Inpixon held.

An EX-distribution when issued market was established for Inpixon. Trades in the EX-distribution when issued market will not carry due-bills for the spin off/distribution. The details for the EX-distribution when-issued market are as follows:

Symbol: INPXV
CUSIP: 45790J859
First Trade Date: March 6, 2023
Suspension Date: March 15, 2023
Settlement Date: March 17, 2023

A when-issued market will be established for the shares of CXApp Inc. Class A Common Stock (CXAIV). This symbol will be suspended effective March 15, 2023 (the Ex-date). The details for the when issued market are as follows:

Symbol: CXAIV
CUSIP: 23248B109
First Trade Date: March 6, 2023
Suspension Date: March 15, 2023
Settlement Date: March 17, 2023

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in INPXV or CXAIV contact Nasdaq Trading Services at +1 212 231 5100.

Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

View NASDAQTrader.com Mobile