Inpixon (NasdaqCM:INPX) entered into a Business Combination agreement to acquire Damon Motors Inc. on October 23, 2023. Upon the closing of the Business Combination, the Damon Note and Warrants will be exchanged for common shares of the combined company and warrants to purchase common shares of the combined company in accordance with the terms of the definitive agreements. The combined company will be listed on the Nasdaq Stock Market, subject to Nasdaq approval of an initial listing application.

The transaction has been approved unanimously by the Boards of Directors of both Inpixon and Damon subject to necessary approvals and the satisfaction of customary closing conditions. The Business Combination between Grafiti and Damon is also subject to conditions, including approval of the Business Combination by Damon securityholders, approval by the Supreme Court of British Columbia, the Plan of Arrangement for purposes of compliance with the exemption from registration provided by Section 3(a)(10) under the Securities Act of 1933, as amended, in connection with the issuance by Grafiti of the merger consideration to Damon securityholders, and approval by Nasdaq to list the shares of the combined company. Norton Rose Fulbright US LLP acted as legal advisor to Inpixon, Dorsey & Whitney LLP and Gowling WLG (Canada) LLP acted as legal advisors and Joseph Gunnar & Co., LLC acted as Financial advisor to Damon Motors Inc.