Inpixon enters definitive agreement to merge with XTI Aircraft; combined company to be named XTI Aerospace

XTI Aerospace, Inc.

XTI security holders to receive ~60% of combined company; Inpixon stockholders retain ~40% post-merger.
Scott Pomeroy to become CEO of combined company; Inpixon's Nadir Ali and Wendy Loundermon to serve as consultants.
Inpixon to provide XTI up to $1.775M in senior secured loans before closing; termination fee of $2M applies to either party.
Closing requires stockholder approvals (Inpixon and XTI), SEC effectiveness of Form S-4, and Nasdaq listing.
Inpixon will divest its Shoom, SAVES, and Game Your Game businesses prior to closing.

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

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Nadir Ali

Chief Executive Officer

XTIA · XTI Aerospace, Inc.

Filed: July 25, 2023, 7:59 PM ET

It is expected that Inpixon’s Chief Executive Officer, Nadir Ali, and Chief Financial Officer, Wendy Loundermon, will resign upon the Closing, effective as of the Closing Date.

Departed

Wendy Loundermon

Chief Financial Officer

XTIA · XTI Aerospace, Inc.

Filed: July 25, 2023, 7:59 PM ET

It is expected that Inpixon’s Chief Executive Officer, Nadir Ali, and Chief Financial Officer, Wendy Loundermon, will resign upon the Closing, effective as of the Closing Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nadir Ali resigned as Chief Executive Officer at XTI Aerospace, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

It is expected that Inpixon’s Chief Executive Officer, Nadir Ali, and Chief Financial Officer, Wendy Loundermon, will resign upon the Closing, effective as of the Closing Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Wendy Loundermon resigned as Chief Financial Officer at XTI Aerospace, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

It is expected that Inpixon’s Chief Executive Officer, Nadir Ali, and Chief Financial Officer, Wendy Loundermon, will resign upon the Closing, effective as of the Closing Date.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

XTI Aerospace, Inc. entered into Agreement and Plan of Merger with XTI Aircraft Company valued at Merger consideration includes exchange of XTI common stock for Inpixon common stock based on Exchang (effective 2023-07-24).

Action: entry
Agreement: merger
Counterparty: XTI Aircraft Company
Value: Merger consideration includes exchange of XTI common stock for Inpixon common stock based on Exchang
Effective: 2023-07-24

Exact text from the filing

On July 24, 2023, Inpixon, a Nevada corporation (“Inpixon”), entered into an Agreement and Plan of Merger (as it may be amended from time to time, the “Merger Agreement”) by and among Inpixon, Superfly Merger Sub Inc., a Delaware corporation and a wholly -owned subsidiary of Inpixon (“Merger Sub”), and XTI Aircraft Company, a Delaware corporation (“XTI”).

View on SEC.gov

85 material agreements filed in the last 30 days. Browse all material agreements →

XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-059686

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