Inpixon Shareholders Set To Vote on Merger with VTOL Developer XTI Aircraft
A merger preceding a combined Nasdaq market listing could be approved on September 8, with the transaction expected to be concluded during the fourth quarter of this year.
Shareholders in tech group Inpixon are now set to vote on a proposed merger with XTI Aircraft on September 8 after an earlier meeting to address the definitive merger agreement announced on July 25 was adjourned to allow more time to consider the proposal. If the merger is approved, the two companies will have a combined listing on the Nasdaq exchange under the new name XTI Aerospace, for which a management team and board will be appointed.
XTI Aircraft, which has been developing the TriFan 600 VTOL aircraft since 2017, would operate as a wholly owned subsidiary of XTI Aerospace. Inpixon’s real-time location system, which manufacturing plants and warehouses employ, would be run as a separate business line.
