Spin-offs/XTI Aerospace (formerly Inpixon) → Grafiti Holding Inc. (now Damon Inc.)

Grafiti Holding Inc. (now Damon Inc.)DMNIF

Spin-off from XTI Aerospace (formerly Inpixon) (XTIA) · Form 10 Jul 2024

Announced

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Form 10 filed

Jul 25, 2024

Record date

Dec 27, 2023

Distributed

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Ratio

1 : 50

Debt loaded

—

Cash to parent

—

Latest filing

Sep 27, 2024

one Grafiti Holding common share for every 50 shares of Inpixon common stock

Documents

Form 10 Information statement New company filings Parent filings Company site

Both companies today

The new company

Grafiti Holding Inc. (now Damon Inc.)DMNIF

Market cap

—

Moat

Pending

Quality

Price

$0.00

Fair value

—

Price / FV

—

The parent

XTI Aerospace (formerly Inpixon)XTIA

Market cap

$20M

Moat

None

Quality

Price

$1.06

Fair value

—

Price / FV

—

Moat ratings, quality scores and fair value estimates are MoatScope research opinions and refresh with the data pipeline. Price / FV below 1.00× means the shares trade under our base-case estimate.

What is being separated

Grafiti Holding took Inpixon's former UK subsidiary, which distributes SAVES products in the United Kingdom and Europe; its shares were parked in a liquidating trust for Inpixon holders and released on effectiveness of the Form 10 ahead of a planned business combination.

Stated rationaleInpixon separated the UK business so it could pursue its own combination while Inpixon merged with XTI Aircraft.

The four questions

The four-question write-up for Grafiti Holding Inc. (now Damon Inc.) is pending. Terms, documents and both companies’ numbers above are live; the checklist is added once the information statement has been worked through.

Not investment advice. Terms are as stated in the latest filing; spin-off shares are often thinly covered and volatile in their first months.