Inpixon Says Buyout by XTI Set to Close on Tuesday

Dow Jones03-12

By Dean Seal

Inpixon expects its merger with XTI Aircraft Company to close on Tuesday.

The Palo Alto, Calif.-based company said Monday that when the deal is finalized after the market closes on March 12, it will being operating under the XTI Aerospace banner.

The company will also complete a 1-for-100 reverse stock split on Inpixon shares when the market opens on Wednesday and come into compliance with Nasdaq continued listing rules. Shares of the combined company will start trading under the ticker symbol XTIA.

Inpixon said last summer that it would combine with XTI to create a public company that would focus on advancing to market XTI's TriFan 600, a fixed-wing, vertical takeoff and landing aircraft.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

March 11, 2024 12:09 ET (16:09 GMT)

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