Inpixon, a leader in real-time location systems (RTLS) technology, has announced a significant milestone in its corporate journey: the anticipated closing of its merger with XTI Aircraft Company, heralding the birth of XTI Aerospace. As part of this transformative move, Inpixon will rebrand itself and commence trading under the new ticker symbol “XTIA” on the Nasdaq Capital Market.
Following the announcement, Inpixon’s stock is experiencing a surge in its trading value today, with an exceptionally high volume of activity. Over 107.9 million shares have already exchanged hands, a stark contrast to the typical daily volume of 15.16 million shares.
At the time of this publication, Inpixon stock (INPX) has witnessed a surge.
Inpixon
Current Price: $0.07
Change : +0.01
Change (%): (25.44%)
Volume: 107.2M
Source: Tomorrow Events Market Data
This merger represents a strategic alignment between the technological prowess of Inpixon and the vision for revolutionizing the aerospace industry by XTI Aircraft. Nadir Ali, CEO of Inpixon, expressed optimism about the merger, stating, “We’re pleased to be nearing completion of what we believe will be a transformative merger transaction, positioning the combined company to move forward with further development and commercialization of the revolutionary TriFan 600.” The TriFan 600, a fixed-wing vertical lift crossover airplane, is poised to offer unparalleled speed, range, and comfort, catering to diverse segments including business, medevac, leisure, and cargo transportation.
In preparation for this landmark merger, Inpixon will implement a consolidation of its common stock, streamlining its capital structure to satisfy initial listing requirements and ensure compliance with Nasdaq regulations. Each one hundred shares of Inpixon’s outstanding common stock (INPX) will be combined into one share of common stock of the combined company (XTIA), facilitating a smooth transition for shareholders.
The market potential for XTI Aerospace’s TriFan 600 is underscored by over 700 conditional pre-order reservations, demonstrating robust demand and the potential to generate over $7 billion in gross revenue upon delivery. This strong market interest reflects the industry’s anticipation for innovative solutions that redefine the future of air travel.
As XTI Aerospace prepares to take flight, shareholders of Inpixon are poised to participate in this remarkable opportunity, positioning themselves at the forefront of aerospace innovation. With a focus on advancing the TriFan 600 and leveraging Inpixon’s RTLS technology, XTI Aerospace is poised to shape the future of private air travel and redefine industry standards.
