KINS Technology Group, Inc.
KINZ · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC from KINS Capital LLC, listed on Nasdaq in December 2020.
- What it's doing now
- It agreed to buy CXApp Inc., a workplace experience software platform company. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- CXApp Inc. — Holding Inc CXApp is a wholly owned subsidiary of Inpixon (Nasdaq: INPX), the innovator of Indoor Intelligence , delivering actionable insights for people, places and things.
- Industry
- Information Technology — workplace experience software platform
- Deal value
- not stated in the filings we hold
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 16 December 2020
- size not on file
- Headquarters
- FOUR PALO ALTO SQUARE, SUITE 200, PALO ALTO, CA, 94306
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Priya Shanti (Director) · EISNOR DI-ANN (Director) · Sheikh Khurram P (Chief Executive Officer)
- Listed securities
- KINZ common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 16 December 2020IPOpassed
IPO size not on file
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- closedInformation Technology
What CXApp Inc. does — read from cxapp.com on 26 August 2026
CXAI (also referred to as CXApp) is an enterprise Employee Experience Platform built on customer experience principles and powered by AI. It provides a unified mobile app for employees and dashboards for leaders to streamline workplace workflows, manage space utilization, enhance engagement, and integrate with 100+ enterprise tools.
Financial ServicesTechnologyMedia & EntertainmentHeathcareConsumer
The score
deterministic, from filed fieldsKINZ is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 294 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
KINS Technology Group, Inc. was a Delaware-incorporated special purpose acquisition company headquartered at Four Palo Alto Square, Suite 200, Palo Alto, California, sponsored by KINS Capital LLC, that completed its initial public offering on December 16, 2020, with units, Class A common stock, and public warrants trading on the Nasdaq Capital Market under the symbols KINZU, KINZ, and KINZW, respectively. The IPO was registered under SEC file number 333-249177 pursuant to an S-1 filed on September 30, 2020, with the pricing prospectus filed as a 424B4 on the offering date. Each unit comprised one share of Class A common stock and one-half of one redeemable warrant, with warrants carrying an exercise price of $11.50 per share. The registration rights agreement entered into on December 14, 2020, involved the sponsor and certain funds and accounts managed by BlackRock, Inc., identified as Direct Anchor Investors, who participated in private placements alongside the offering.
On September 25, 2022, KINS entered into an Agreement and Plan of Merger with KINS Merger Sub Inc., CXApp Holding Corp. (Legacy CXApp), and Inpixon, the Nevada-incorporated parent of Legacy CXApp. The business combination closed on March 14, 2023, with Merger Sub merging into Legacy CXApp, which survived as a wholly owned subsidiary of KINS. Concurrently, KINS changed its name to CXApp Inc., and trading commenced on Nasdaq on March 15, 2023, under the new ticker symbols CXAI for common stock and CXAIW for warrants. The transaction involved significant redemptions of Class A common stock, and on March 20, 2023, the company filed an 8-K reporting a change in shell company status under Item 5.06, formally concluding the SPAC's lifecycle. Khurram P. Sheikh serves as Chairman and Chief Executive Officer of the post-combination entity, which operates as a software-as-a-service enterprise workplace experience platform.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
This withdraws a filing the company had already promised: the target financials and pro formas the earlier 8-K committed to are now not coming. The document does not name the Transaction, the counterparty, or the updated valuation figures behind the determination, so the reversal is stated without the numbers that produced it.
A public warrant now buys two hundredths of a share at $575.00, and because fractional shares on exercise are rounded down while the common-stock split rounds up, a holder of fewer than 50 warrants can exercise into zero shares. The warrants keep their CUSIP and the CXAIW symbol, so the instrument is unchanged on its face while its economics are restated by the split.
The share count more than tripled in six months, almost entirely through debt conversions that reduced convertible debt by $2.6 million. The larger net loss comes from non-cash fair-value moves; operating loss was essentially unchanged year over year.
Changing auditor while unremediated material weaknesses in internal control remain outstanding is the detail a holder should register: the weaknesses cover income tax and period-end expense accruals, both areas where errors flow straight into reported results. A new firm must form its own view on those controls for the December 31, 2026 audit. The change follows an Australian acquisition, so the switch may reflect the need for a firm with that footprint rather than any dispute — none is reported.
The striking figure is the broker non-vote count: 18,653,301 shares were not voted on the director election against 11,939,011 that were, so well over half the voting base did not participate. That is characteristic of a heavily retail shareholder register, and it matters because any future proposal requiring a majority of shares outstanding - a charter amendment, a reverse split, or a transaction - would fail on turnout alone at these participation levels.
The Nasdaq 20% proposal is the item with money attached: approval gives management standing authority to place shares or convertible securities above the 20% threshold in one or more private placements without a further vote. Against 69.0 million shares outstanding that is at least 13.8 million shares of pre-cleared dilution and potentially far more, since convertible instruments typically price at a discount to market. Legacy KINS SPAC holders bear it. The remaining items, two Class III director elections, are routine.
Show 5 more material filings
A blanket Nasdaq 20% authorisation covering one or more future private placements, rather than a single identified transaction, hands the board pre-cleared capacity to dilute without returning to shareholders - against a float of only 19.8 million shares, that latitude is substantial. The KINS trust was released in March 2023, so nothing supports the stock beneath the market price while those placements are made.
This is a spin-off combined with a merger rather than a straight business combination. Inpixon's stockholders and certain other securityholders as of the record date receive a pro rata number of CXApp shares under a separate Form S-1, Registration No. 333-267964, and at the closing that CXApp common stock converts into KINS common stock — so the target's shareholder base arrives from an existing public company's register rather than from a private cap table. The same proxy statement/prospectus forms part of both registration statements.
The Class C is a pass-through: 6,210,000 Class C shares are registered alongside the same number of Class A shares issuable on their conversion, so the Class A line on its own understates the eventual common count. The transaction is a spin-off combined with a merger — Inpixon's securityholders receive a pro rata number of CXApp shares under a separate Form S-1, Registration No. 333-267964, and at the closing that CXApp common stock converts into KINS common stock. One proxy statement/prospectus serves both registration statements.
This is a spin-off combined with a merger rather than a straight business combination: Inpixon's securityholders receive a pro rata number of CXApp shares under a separate Form S-1, Registration No. 333-267964, and at the closing that CXApp common stock converts into KINS common stock. The target's shareholder base therefore arrives from an existing public company's register rather than from a private cap table. One proxy statement/prospectus forms part of both registration statements, so the two must be read together.
This is a Reverse Morris Trust-shaped deal, not a plain SPAC merger, and the S-4 covers only half of it. Inpixon first transfers its Enterprise Apps Business and certain subsidiaries to CXApp with a $10,000,000 cash contribution, then distributes 100% of CXApp's common stock pro rata to Inpixon securityholders; CXApp is separately registering those distributed shares on a Form S-1. Only at closing does CXApp stock convert into KINS stock. A reader who treats the two registration statements as alternatives, rather than as two halves of one transaction, will misread both.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
What changed: 8-K/A of CXApp Inc. Item 2.01 (completion of acquisition or disposition of assets): after completing its analysis on updated valuation and financial information, the Company determined the Transaction does not meet the quantitative significance thresholds under Item 2.01 of Form 8-K, so no additional Item 2.01 disclosure is required. Item 9.01: because the Transaction does not involve a significant amount of assets, the Company will no longer provide the acquired-business financial statements or pro forma information the Prior 8-K said would be filed by amendment; both are Not applicable. Why it matters: This withdraws a filing the company had already promised: the target financials and pro formas the earlier 8-K committed to are now not coming. The document does not name the Transaction, the counterparty, or the updated valuation figures behind the determination, so the reversal is stated without the numbers that produced it.
What changed: Q2 2026 10-Q of CXApp Inc. (Nasdaq: CXAI). Revenue was $1,694 thousand for the quarter versus $1,223 thousand a year earlier and $2,644 thousand for the six months versus $2,447 thousand; gross profit was flat at $1,071 thousand. Loss from operations was $(4,119) thousand, but a $(5,005) thousand change in fair value of derivative and warrant liabilities took net loss to $(8,620) thousand versus $(3,139) thousand, and to $(12,623) thousand for the six months. Cash was $11,675 thousand versus $11,101 thousand at December 31, 2025 and total assets $36,540 thousand. Why it matters: The share count more than tripled in six months, almost entirely through debt conversions that reduced convertible debt by $2.6 million. The larger net loss comes from non-cash fair-value moves; operating loss was essentially unchanged year over year.
going-concern doubtnothing moved · 1 with no prior record of ours
- Going-concern doubt
- stated · unchanged
The clause …“operations. These conditions and events, considered in the aggregate, raised substantial doubt about the Company’s ability to continue as a going concern. Management evaluated plans intended to address these conditions, including”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: CXApp Inc. filed a certificate of amendment in Delaware on August 14, 2026 effecting a 1-for-50 reverse stock split with a delayed effective time of 12:01 a.m. Eastern Time on August 18, 2026. Every fifty shares combine into one, fractional shares of common stock are rounded up, par value and authorized share count are unchanged, and the stock continues on Nasdaq under CXAI with a new CUSIP of 23248B 307. Why it matters: A public warrant now buys two hundredths of a share at $575.00, and because fractional shares on exercise are rounded down while the common-stock split rounds up, a holder of fewer than 50 warrants can exercise into zero shares. The warrants keep their CUSIP and the CXAIW symbol, so the instrument is unchanged on its face while its economics are restated by the split.
What changed: CXApp Inc., the KINS Technology Group successor, said on June 30, 2026 its audit committee dismissed WithumSmith+Brown and appointed KNAV CPA LLP as auditor for the year ending December 31, 2026, in connection with its EngineRoom acquisition under a Share Sale Deed of June 3, 2026. Withum's reports for fiscal 2025 and 2024 were unqualified and there were no disagreements. There were no reportable events except the material weaknesses disclosed in the 2024 Form 10-K covering income tax accruals, period-end expense accruals and identification and fair value matters. Why it matters: Changing auditor while unremediated material weaknesses in internal control remain outstanding is the detail a holder should register: the weaknesses cover income tax and period-end expense accruals, both areas where errors flow straight into reported results. A new firm must form its own view on those controls for the December 31, 2026 audit. The change follows an Australian acquisition, so the switch may reflect the need for a firm with that footprint rather than any dispute — none is reported.
Show the other 10 filings
What changed: Item 5.07: CXApp Inc. reports final voting results from its annual meeting. Under Proposal 1, Khurram P. Sheikh was elected a Class III director to hold office until the annual meeting following the fiscal year ending December 31, 2028, receiving 10,780,651 votes for (90.29%), 702,534 against (5.88%) and 455,826 abstentions (3.81%), with 18,653,301 broker non-votes. The percentages shown represent the share of shares voted on the applicable proposal. Why it matters: The striking figure is the broker non-vote count: 18,653,301 shares were not voted on the director election against 11,939,011 that were, so well over half the voting base did not participate. That is characteristic of a heavily retail shareholder register, and it matters because any future proposal requiring a majority of shares outstanding - a charter amendment, a reverse split, or a transaction - would fail on turnout alone at these participation levels.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
KINS Capital LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1284 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B3 0001829126-26-002217
Trading & liquidity
Company profile
Directors & officers
- Priya ShantiDirector
- EISNOR DI-ANNDirector
- Sheikh Khurram PChief Executive Officer
- Mathai GeorgeDirector
- MARTINO CAMILLODirector
- Mbanugo JoyChief Financial Officer
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
11 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- KINS Capital LLCwith 2 other reporting persons on the same schedule17.8% · SC 13GFeb 3, 2021 stale
- BlackRock Inc.9.8% · SC 13G/AFeb 13, 2024 stale
- INPIXON9.8% · SC 13GSep 11, 2023 stale
- 3AM, LLCwith 1 other reporting person on the same schedule9.7% · SC 13GSep 11, 2023 stale
- COWEN AND COMPANY, LLC7.9% · SC 13GNov 12, 2024 stale
- Walleye Capital LLC7.7% · SC 13G/ANov 13, 2024 stale
- METEORA CAPITAL, LLCwith 1 other reporting person on the same schedule5.9% · SC 13GFeb 16, 2023 stale
- Saba Capital Management, L.P.with 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 14, 2023 stale
- Castle Creek Arbitrage, LLCwith 3 other reporting persons on the same schedule0.0% · SC 13G/AFeb 13, 2023 stale
- ARISTEIA CAPITAL LLC0.0% · SC 13G/AFeb 10, 2023 stale
- MILLENNIUM MANAGEMENT LLCwith 1 other reporting person on the same schedule0.0% · SC 13G/AJan 17, 2023 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
33 full SEC filing texts archived — searchable, never lost.
- Vault note — KINZ (KINS Technology Group, Inc.)
vault-note · /vault/tickers/KINZ
- Vault deal note — CXApp Inc. (KINZ)
vault-note · /vault/deals/cxapp-inc
- CXAI SEC Filings - CXApp Inc. 10-K, 10-Q, 8-K Forms
news · stocktitan.net
- 150+ Must-Have Employee Mobile App Features | CXApp
company-site · cxapp.com
- Employee Experience Platform for the Digital Workplace | CXApp
company-site · cxapp.com
- Employee Experience Platform for the Digital Workplace | CXApp
company-site · cxapp.com
- Employee Experience Platform for the Digital Workplace | CXAI
company-site · cxapp.com
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail4 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 7372 (Services-Prepackaged Software). The screen found it by filing SHAPE instead — S-1 2020-09-30 → 8-A12B 2020-10-20 → 424B4 2020-12-16 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 7372 + self-described blank check in 424B4 0001104659-20-136350; 424B 0001104659-20-136350 priced 2020-12-16 under S-1 0001104659-20-110475 (file 333-249177, an offering for cash); common ticker KINZ off 10-K 0001104659-21-044001 (2021-03-30); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-249177, which belongs to S-1 0001104659-20-110475 (2020-09-30) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2020-12-16). Ending PROVEN, not inferred: CLOSED per 8-K 0001104659-23-034553 (2023-03-20) — 8-K item 5.06 "Change in Shell Company Status" (EDGAR item index, items: 1.01,2.01,3.03,5.01,5.02,5.03,5.05,5.06,8.01,9.01). ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "KINS Capital LLC" sourced from prospectus definition (10-K/A) acc 0001104659-21-083653.
"CXApp Inc." is the registrant's CURRENT identity, adopted when the combination closed — EDGAR renames on the closing day, so the rename predates the ending we store and every date-based check cleared it; the vehicle traded as "KINS Technology Group, Inc." per the COMPANY CONFORMED NAME in 424B4 0001104659-20-136350 filed 2020-12-16. §98
[CLOSED-RENAME] EDGAR CIK 0001820875 records "KINS Technology Group, Inc." ending 2023-03-15; the registrant continues as "CXApp Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2023-03-15. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists.