secwatch.observer — SEC 8-K summary
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Issuer:     CXApp Inc. (CXAI)
CIK:        0001820875
Form:       8-K
Filed at:   2022-09-26T23:59:59+00:00
Accession:  0001104659-22-102856
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820875/000110465922102856/0001104659-22-102856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820875/000110465922102856/tm2226567d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-102856

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