Inpixon Announces Q3 2023 Financials and Progress on Strategic Initiatives Including Definitive Merger Agreement and Business Spin-off

In a recent release of their third quarter 2023 financial results, Inpixon INPX, a leading provider of big data analytics and location-based services globally, disclosed notable developments in its business strategy. The Palo Alto-based tech firm has entered into a definitive merger agreement with XTI Aircraft, anticipating the completion of this transaction in the fourth quarter of 2023. This merger is set to create new opportunities for both entities in the aviation and technology sectors, underscoring Inpixon’s commitment to growth through strategic partnerships.

Spin-off of SAVES UK Business

In addition to the merger, Inpixon has reached a definitive agreement concerning the spin-off and subsequent merger of its SAVES UK business with Damon Motors Inc. This move intends to enhance focus on core competencies while simultaneously unlocking potential value and driving innovation.

Upcoming Conference Call

Inpixon has also scheduled a conference call for stakeholders, set to take place at 4:30 p.m., to discuss these recent developments in greater depth as well as provide a business update. Participants are keen on gaining insights on the company's current performance and future outlook, especially in light of the merger and spin-off agreements.

The company's strategic initiatives manifest its mission to expand its market footprint and deliver value to its shareholders. With these key agreements, Inpixon stands poised for what might develop into a transformational period for the company as it navigates into the latter part of 2023.

Inpixon, Merger, Spin-off