KINS Technology Group Inc. Announces Closing of Small business

PALO ALTO, Calif., March 14, 2023 (World NEWSWIRE) — KINS Technology Group Inc (NASDAQ: KINZ) (“KINS”), a particular intent acquisition company sponsored by KINS Capital LLC, now announced the thriving completion of its previously declared company combination with CXApp Holding Corp (“CXApp”) – the main office expertise system in the current market. The business enterprise combination was authorized at a unique assembly of the KINS stockholders held on March 10th, 2023.

The merged organization will operate as CXApp Inc. and will begin trading its widespread stock and publicly traded warrants on the Nasdaq Money Sector (“Nasdaq”) tomorrow (March 15th) beneath the ticker symbols “CXAI” and “CXAIW”, respectively. The new symbol represents the new Company’s vision of increased staff experiences (“CX”) with related intelligence (“AI”).

The CXApp system presents a suite of major-edge engineering place of work practical experience solutions including an company worker software, indoor mapping, on-machine positioning, augmented fact systems and an AI-primarily based analytics system, targeting the emerging hybrid place of work market place to supply improved activities across people, sites, and items.

Mr. Khurram Sheikh, Founder, Chairman and Main Govt Officer of KINS, mentioned, “CXApp is a “category-maker” enterprise that has produced the most engaging application for the hybrid office market – in reality, this is the Workplace SuperApp with above 150 native features and 100+ API integrations. We feel that with this one of a kind worth proposition and technological innovation management CXApp is nicely-positioned for significant growth. We imagine that through our merger, coupled with the KINS team’s track record in correctly developing organizations, it has the opportunity to generate major price for stockholders above time.”

At consummation of the merger, the KINS group has taken more than leadership at the management and board level of the new CXApp. Mr. Khurram Sheikh is now serving as the Chairman and CEO of the blended organization. KINS directors Ms. Di-Ann Eisnor and Mr. Camillo Martino have come to be unbiased board members of CXApp. The Enterprise has also added market veterans Mr. George Mathai and Ms. Shanti Priya as new impartial administrators. The new leadership info for CXApp Inc. is offered at

Mr. Sheikh extra, “This is a fresh new get started for CXApp with the innovative mixture of leading-edge engineering assets with a seasoned management crew to develop the only publicly-held asset in the fascinating new office working experience classification. I am tremendous psyched to welcome George and Shanti to the KINS transformational journey and honored to have Di-Ann and Camillo keep on to dedicate their operational acumen to assistance make the classification-maker SuperApp. I also want to thank Mr. Nadir Ali, CEO of Inpixon for being a great spouse in acquiring this deal to the finish line and delivering the best-in-course technologies and group in the market. I also welcome all the staff of the new CXApp to the up coming section of their journey as we do the job in direction of realizing the vision of the Office SuperApp.”

As the new CXApp carries on to innovate with new functions and capabilities, we are enthusiastic to announce our partnership with Cisco Areas as their most well-liked spouse for enterprises.

CXApp will be scheduling a bell ringing ceremony with Nasdaq at a later day to formally rejoice its community listing.

Buyers can access the newest trader deck at
For added details regarding the terms of the transaction, you should reference the Firm’s recent report on Type 8-K which will be filed with the U.S. Securities and Trade Commission.


Skadden, Arps, Slate, Meagher and Flom LLP is serving as authorized advisor to KINS and Mitchell Silberberg and Knupp LLP is acting as authorized advisor to CXApp. 

About CXApp Keeping

CXApp Holding Inc is the foremost workplace expertise system furnishing transformational encounters throughout individuals, spots and factors.

 About KINS Know-how Group

KINS Know-how Team Inc is a blank check out business fashioned as a Delaware corporation for the reason of effecting a merger, funds stock trade, asset acquisition, stock purchase, reorganization, or comparable company combination with a person or more firms. KINS Technological know-how Team is focused on identifying and obtaining transformative technological innovation companies that are shaping the digital future and generating a new paradigm of communications and computing.

The 5 pillars of this new paradigm are next technology connectivity, open up software program, edge-cloud computing, predictive details analytics (AI), and immersive media technologies. We believe the entire world is at an inflection place and these technologies are accelerating digital transformation throughout all vertical industry segments such as IT, industrial, transportation, smart infrastructure, healthcare, training, agriculture, and entertainment.

Forward Seeking Statements

This push launch incorporates ahead-hunting statements that include hazards and uncertainties. Forward-seeking statements are statements that are not historic details and may possibly be accompanied by words and phrases that express projected potential events or results, this kind of as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “design,” “intend,” “expect,” “could,” “plan,” “potential,” “predict,” “seek,” “target,” “aim,” “plan,” “project,” “forecast,” “should,” “would,” or variants of these phrases or by expressions of identical indicating. Such forward-hunting statements, together with statements regarding predicted monetary and operational results, projections of marketplace prospect and anticipations, the estimated article-transaction organization benefit, the advantages and envisioned development of the mixed company, the income position of the blended firm following closing, the skill of CXApp and KINS to consummate the proposed Company Mix Settlement and the timing of these consummation, are subject matter to dangers and uncertainties, which could cause real success to differ from the ahead-searching statements. Vital things that could induce the blended company’s true final results or outcomes to differ materially from individuals discussed in the ahead-hunting statements include things like: CXApp’s confined working historical past CXApp’s potential to deal with growth CXApp’s potential to execute its small business system CXApp’s estimates of the dimension of the markets for its company CXApp’s means to recognize and combine acquisitions general financial and current market problems impacting desire for CXApp’s products and providers the incapability to total the proposed transactions the inability to realize the anticipated advantages of the proposed transactions, which may perhaps be influenced by, amongst other points, the sum of income accessible following any redemptions of Course A prevalent inventory of KINS by its general public stockholders the skill to fulfill Nasdaq’s listing standards next the consummation of the proposed transactions fees related to the proposed transactions and these other dangers and uncertainties as are mentioned in the proxy assertion to be submitted relating to the Organization Mix Settlement. Other factors include things like the risk that the proposed business mix does not near, which include thanks to the failure to get expected security holder approvals, or the failure of other closing ailments.

Every of CXApp and KINS expressly disclaims any obligations or endeavor to launch publicly any updates or revisions to any forward-hunting statements contained herein to mirror any modify in CXApp’s or KINS’s anticipations with respect thereto or any improve in situations, problems or situation on which any assertion is based, besides as expected by law.

For investor and media inquiries, remember to call:

CXApp Inc.
3000 El Camino Genuine
4 Palo Alto Square, Suite 200.
Palo Alto, CA 94306
Attn: Khurram P. Sheikh
[email protected]