Inpixon amends warrants, transfers CVH units to executives, waives $9.5M cash condition for CXApp/KINS merger

XTI Aerospace, Inc.

Warrant amendments exchange Sept 2021 & March 2022 warrants for 0.33 shares each, issuing ~324,918 shares; preserves tax-free spin-off.
Transferred 599,999 Class A units of CVH to CEO Nadir Ali (219,999), CFO Wendy Loundermon (100,000), COO Soumya Das (50,000), and others as bonus.
CXApp irrevocably waived the $9.5M minimum cash condition for the KINS merger, a key closing condition removed.
Revised KINS charter post-merger permits conversion of Class C common to increase public float for Nasdaq listing requirements.
Investor presentation furnished; details the business combination with KINS and CXApp spin-off.

item 1.01 item 3.02 item 5.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

XTI Aerospace, Inc. amended Warrant Amendments with certain holders of Common Stock Purchase Warrants (effective 2023-02-28).

Action: amendment
Agreement: equity purchase
Counterparty: certain holders of Common Stock Purchase Warrants
Effective: 2023-02-28

Exact text from the filing

On February 28, 2023, Inpixon (the “Company” or “Inpixon”) entered into warrant amendments (the “Warrant Amendments”) with certain holders (each, including its successors and assigns, a “Holder” and collectively, the “Holders”) of (i) those certain Common Stock Purchase Warrants issued by the Company in April 2018 (the “April 2018 Warrants”) pursuant to the registration statement on Form S-3 (File No. 333-204159), (ii) those certain Common Stock Purchase Warrants issued by the Company in September 2021 (the “September 2021 Warrants”) pursuant to the registration statement on Form S-3 (File No. 333-256827), and (iii) those certain Common Stock Purchase Warrants issued by the Company in March 2022 (the “March 2022 Warrants” and together with the April 2018 Warrants and the September 2021 Warrants, the “Existing Warrants”) pursuant to the registration statement on Form S-3 (File No. 333-256827).

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Source: SEC EDGAR

accession 0001213900-23-015042

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