Item 7.01 Regulation FD Disclosure.
CXApp Holding Corp. ("CXApp"), currently a wholly owned subsidiary of Inpixon
(the "Company" or "Inpixon"), previously filed a registration statement on Form
S-1, initially filed on October 20, 2022 (File No. 333-267964) (as amended, the
"Registration Statement"), with the U.S. Securities and Exchange Commission (the
"SEC") to register the dividend of shares of common stock of CXApp to be
distributed to Inpixon stockholders and certain securityholders in order to
effect the separation of the Company and CXApp into two independent, publicly
traded companies, in connection with the previously announced business
combination (the "Business Combination") between CXApp and KINS Technology Group
Inc. ("KINS") (NASDAQ: KINZ).
On February 13, 2023, the Registration Statement was declared effective by the
SEC. CXApp subsequently filed a final prospectus, which forms a part of the
Registration Statement, that includes information related to the distribution,
the Business Combination and provides important information about CXApp's
business and management following the Business Combination.
The foregoing information is being furnished pursuant to Item 7.01 and will not
be deemed to be filed for purposes of Section 18 of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), or otherwise be subject to the
liabilities of that section, nor will it be deemed to be incorporated by
reference in any filing under the Securities Act of 1933, as amended, or
the Exchange Act, regardless of any general incorporation language in such
filings. This Current Report on Form 8-K will not be deemed an admission as to
the materiality of any of the information in this Item 7.01.
Important Information and Where to Find It
In connection with the proposed Business Combination and the distribution of
CXApp common stock to Inpixon securityholders, CXApp filed the Registration
Statement, which includes a final prospectus registering shares of CXApp common
stock, and KINS has filed with the SEC a registration statement on Form S-4
(File No. 333-267938) on October 19, 2022, as amended (the "Form S-4"), which
includes a final proxy statement/prospectus in connection with the KINS
stockholder vote required in connection with the Business Combination and the
registration of shares of KINS common stock, warrants and certain equity awards.
This communication does not contain all the information that should be
considered concerning the Business Combination. The final prospectus filed by
CXApp includes the final proxy statement/prospectus filed by KINS, which serves
as an information statement/prospectus in connection with the spin-off of CXApp.
This communication is not a substitute for the registration statements that
CXApp and KINS have filed with the SEC or any other documents that KINS or CXApp
may file with the SEC, or that KINS, Inpixon or CXApp may send to stockholders
in connection with the Business Combination. It is not intended to form the
basis of any investment decision or any other decision in respect to the
Business Combination. KINS's stockholders and Inpixon's securityholders and
other interested persons are advised to read, when available, the definitive
registration statements, and documents incorporated by reference therein, as
these materials will contain important information about KINS, CXApp and the
Business Combination. The final proxy statement/prospectus contained in KINS's
registration statement will be mailed to KINS's stockholders as of the record
date of February 2, 2023 for voting on the Business Combination.
The registration statements, proxy statement/prospectus and other documents
(when they are available) will also be available free of charge, at the SEC's
website at www.sec.gov, or by directing a request to: KINS Technology Group,
Inc., Four Palo Alto Square, Suite 200, 3000 El Camino Real, Palo Alto, CA
94306.
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Participants in the Solicitation
Inpixon, KINS and CXApp, and each of their respective directors, executive
officers and other members of their management and employees may be deemed to be
participants in the solicitation of proxies from KINS's stockholders in
connection with the Business Combination. KINS stockholders are urged to
carefully read the final proxy statement/prospectus regarding the Business
Combination because it contains important information. Information regarding the
persons who may, under the rules of the SEC, be deemed participants in the
solicitation of KINS's stockholders in connection with the Business Combination
is set forth in the registration statements. Information about KINS's executive
officers and directors and CXApp's management and directors is also set forth in
the registration statement relating to the Business Combination.
No Solicitation or Offer
This communication shall neither constitute an offer to sell nor the
solicitation of an offer to buy any securities, or the solicitation of any
proxy, vote, consent or approval in any jurisdiction in connection with the
Business Combination, nor shall there be any sale of securities in any
jurisdiction in which the offer, solicitation or sale would be unlawful prior to
any registration or qualification under the securities laws of any such
jurisdictions. This communication is restricted by law; it is not intended for
distribution to, or use by any person in, any jurisdiction where such
distribution or use would be contrary to local law or regulation.
Forward-Looking Statements
This communication contains forward-looking statements. The words "anticipate,"
"believe," "continue," "could," "estimate," "expect," "intend," "may," "might,"
"plan," "possible," "potential," "predict," "project," "should," "would" and
similar expressions may identify forward-looking statements, but the absence of
these words does not mean that a statement is not forward-looking. All
statements other than statements of historical facts contained in this
communication, including statements regarding the expected timing and structure
of the spin-off and the Business Combination and the ability of the parties to
complete the spin off and the Business Combination, are forward-looking
statements. These forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known and unknown
risks, uncertainties, assumptions and other important factors, many of which are
outside the control of Inpixon, CXApp and KINS, that could cause actual results
or outcomes to differ materially from those discussed in the forward-looking
statements. Important factors, among others, that may affect actual results or
outcomes include, but are not limited to: the risk that the transactions may not
be completed in a timely manner or at all, which may adversely affect the price
of Inpixon's or KINS's securities; the risk that KINS stockholder approval of
the Business Combination is not obtained; the inability to recognize the
anticipated benefits of the Business Combination, which may be affected by,
among other things, the amount of funds available in KINS's trust account
following any redemptions by KINS's stockholders; the failure to receive certain
governmental and regulatory approvals; the occurrence of any event, change or
other circumstance that could give rise to the termination of the merger
agreement; changes in general economic conditions, including as a result of the
COVID-19 pandemic or the conflict between Russia and Ukraine; the outcome of
litigation related to or arising out of the Business Combination, or any adverse
developments therein or delays or costs resulting therefrom; the effect of the
announcement or pendency of the transactions on Inpixon's, CXApp's or KINS's
business relationships, operating results, and businesses generally; the ability
to continue to meet Nasdaq's listing standards following the consummation of the
Business Combination; costs related to the Business Combination; that the price
of KINS's or Inpixon's securities may be volatile due to a variety of factors,
including Inpixon's, KINS's or CXApp's inability to implement their business
plans or meet or exceed their financial projections and changes in the combined
capital structure; the ability to implement business plans, forecasts, and other
expectations after the completion of the Business Combination, and identify and
realize additional opportunities; and the ability of CXApp to implement its
strategic initiatives.
The foregoing list of factors is not exhaustive. You should carefully consider
the foregoing factors and the other risks and uncertainties described in the
"Risk Factors" section of Inpixon's most recent annual report on Form 10-K,
KINS's registration statement on Form S-1 (File No. 333-249177) and the Form
S-4, the Registration Statement, the proxy statement/prospectus and certain
other documents filed or that may be filed by Inpixon, KINS or CXApp from time
to time with the SEC following the date hereof. These filings identify and
address other important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking statements,
and Inpixon, CXApp and KINS assume no obligation and do not intend to update or
revise these forward-looking statements, whether as a result of new information,
future events, or otherwise.
None of Inpixon, CXApp or KINS gives any assurance that Inpixon, CXApp or KINS
will achieve their expectations.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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