Inpixon
INPX,
said Tuesday it agreed to combine with XTI Aircraft Co., developer of the TriFan 600 fixed-wing vertical takeoff and landing plane, in a deal that values the company at $252 million to $343 million based on industry estimates by an independent adviser. XTI said conditional pre-orders of more than 700 aircraft have the potential to produce about $7.1 billion upon delivery. “We believe that the TriFan 600 airplane will revolutionize point-to-point air travel by combining the comfort, speed, and range of similar conventional business aircraft with the flexibility, convenience, and pinpoint transportation of a helicopter,” said XTI Aircraft founder and chairman David Brody. Inpixon shareholders will own 40% of the combined company. Inpixon stock was down 1.2% in premarket trades.
