KINS Technology Group announced the completion of its business combination with Inpixon, now renamed CXApp Holding Corp. The business combination was approved by KINS stockholders on March 10.
CXApp began trading today on the nasdaq under ticker symbols CXAI and CXAIW.
Kins anncounced the $69 million deal in September with the workplace experience application.
Redemptions ahead of Kins extension votes over the last nine months erased almost 97% of the SPAC's cash in trust. Following that, because the sponsor's 6.15 million Founder Shares represented approximately 84.39% of the total voting power of the SPAC going into the vote, the merger was expected to win approval. Read more.
Source: KINS Technology Group Closes Inpixon Merger