KINS Technology Group today announced a merger agreement to acquire a workplace experience application business from Inpixon.
The transaction will be structured as a business combination with Inpixon’s wholly owned subsidiary, CXApp Holdings and is expected to result in Inpixon shareholders receiving KINS stock valued at approximately $69 million.
The deal is expected to close in the fourth quarter, pending KINS shareholder approval.
KINS raised $240 million in a December 2020 upsized IPO.
The CXApp platform offers a suite of workplace experience solutions including an enterprise workplace application, events platform, indoor mapping and augmented reality technologies, targeting the emerging hybrid workplace market to provide enhanced experiences across people, places, and things. Read more.
