secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0001213900-23-021477
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390023021477/0001213900-23-021477-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390023021477/ea175428-8k_inpixon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-021477

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer