KINS Technology Group enters merger with CXApp, Inpixon's enterprise apps business

CXApp Inc.

Definitive merger with CXApp (Inpixon's enterprise apps); KINS to acquire CXApp via merger following a spin-off from Inpixon.
Merger consideration: 6.9M shares of KINS Common Stock (10% Class A, 90% Class C) issued to Inpixon shareholders.
Inpixon to contribute $10M cash to CXApp; minimum $9.5M cash available at closing required.
Sponsor agrees to vote for deal, not redeem; exchanged 6.15M Class B shares for Class A; lock-up until 180 days/$12 trigger.
Termination fee of $2.0M if deal fails due to breach or stockholder approval failure; outside date March 16, 2023.

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