Inpixon Flying on XTI Aircraft Company Merger News

July 25, 2023

(24/7 MARKET NEWS) – Inpixon (Nasdaq:INPX) announced, this morning, that it entered into a definitive merger agreement with XTI Aircraft Company (“XTI”), which is developing the TriFan 600 fixed-wing, vertical takeoff and landing (VTOL) aircraft. They reported that XTI’s enterprise value, ascertained by an independent financial advisory firm, was valued between $252 million and $343 million.

XTI’s conditional pre-orders of more than 700 aircraft is valued at over $7.1 billion on delivery of aircraft.

Inpixion opened this morning’s regular session at $0.251 and is trading at $0.2755, up $0.1232 (+80.89%), on trading volume of 801,129 shares.

Its 52-week range is $0.108 to $8.7924. If its trading volume strengthens, it can begin to challenge its April trading levels.

24/7 MARKET NEWS, INC Disclaimer

24/7 MARKET NEWS (“24/7 MN”) is dedicated to covering various underreported segments of the stock markets. Our goal is to help you to better understand these markets, but 24/7 MN is neither an investment advisor nor a financial advisor, and no information provided here is to be interpreted as a suggestion to buy or sell stocks or other investment products. All opinions, news, research, analysis, prices or other information contained on 247marketnews.com, its press releases, or other services are provided for educational purposes only and do not constitute investment advice. You are solely responsible for the investment decisions you make.

Please go to 247marketnews.com or https://247marketnews.com/terms-disclaimer/ for further information.

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.