---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-021477"
form_type: "8-K"
ticker: "XTIA"
cik: "0001529113"
company_name: "XTI Aerospace, Inc."
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T22:57:41.574975+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Inpixon completes spin-off of CXApp and merger with KINS, no longer consolidating enterprise apps business

## Summary
- Spin-off of CXApp and merger with KINS (now CXApp Inc.) closed March 14, 2023. Inpixon shareholders received 0.0975 CXApp Class A and 0.3458 Class C shares per INPX share.
- Inpixon no longer owns shares of CXApp; enterprise apps business reported as discontinued operations from Q1 2023.
- Pro forma nine months ended Sep 30, 2022: net loss $25.9M, diluted EPS -$2.94. Year ended Dec 31, 2021: net loss $28.3M, EPS -$2.66.
- Inpixon's existing securityholders held ~50% of New CXApp common stock outstanding post-combination.

## SEC filing metadata
- accession: 0001213900-23-021477
- form_type: 8-K
- ticker: XTIA
- cik: 0001529113
- company_name: XTI Aerospace, Inc.
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529113/000121390023021477/0001213900-23-021477-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529113/000121390023021477/ea175428-8k_inpixon.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-021477
- JSON: https://secwatch.observer/filing/0001213900-23-021477.json
- Plain text: https://secwatch.observer/filing/0001213900-23-021477.txt

## Key facts
- M&A Transactions
  XTI Aerospace, Inc. completed a disposition involving New CXApp Inc. (formerly KINS Technology Group Inc.) (closed 2023-03-14).
  - Action: disposition
  - Counterparty: New CXApp Inc. (formerly KINS Technology Group Inc.)
  - Closing: 2023-03-14
  source text: On March 14, 2023 (the “Distribution Date”), Inpixon completed the separation (the “Separation”) of its enterprise apps business (including its workplace experience technologies, indoor mapping, events platform, augmented reality and related business solutions) and certain related assets and liabilities (the “Enterprise Apps Business”) through a spin-off of Legacy CXApp to Inpixon’s shareholders of record as of March 6, 2023 (the “Record Date”) on a pro rata basis (the “Distribution”) and merger (the “Merger”) of Legacy CXApp with a wholly owned subsidiary of New CXApp in a Reverse Morris Trust transaction
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390023021477/0001213900-23-021477-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.