Exhibit 99.1

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Introduction

On September 25, 2022, Inpixon (the “Company”) entered into an Agreement and Plan of Merger (the “Merger Agreement”) by and among the Company, KINS Technology Group Inc., a Delaware corporation (“KINS”), CXApp Holding Corp., a Delaware corporation and newly formed wholly-owned subsidiary of Inpixon (“CXApp” and, together with Inpixon, collectively, the “Companies”), and KINS Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of KINS (“Merger Sub”), pursuant to which KINS will acquire Inpixon’s enterprise apps business (including its workplace experience technologies, indoor mapping, events platform, augmented reality and related business solutions) (the “Enterprise Apps Business”) in exchange for the issuance of shares of KINS capital stock (the “Business Combination”) to be issued to Inpixon stockholders.

Immediately prior to the Merger and pursuant to the Separation and Distribution Agreement, dated as of September 25, 2022, among KINS, Inpixon, CXApp and Design Reactor, and other ancillary conveyance documents, Inpixon will among other things and on the terms and subject to the conditions of the Separation and Distribution Agreement, effect the reorganization by the transfer of the Enterprise Apps Business, including certain related subsidiaries of Inpixon, including Design Reactor, to CXAapp and, in connection therewith, will effect the distribution by distributing to Inpixon securityholders 100% of the CXApp common stock. 

Immediately following the distribution, in accordance with and subject to the terms and conditions of the Merger Agreement, Merger Sub will merge with and into CXApp, which CXApp continuing as the surviving company in the Merger and as a wholly-owned subsidiary of KINS (the “Merger”) 

The Merger Agreement, along with the Separation Agreement and the other transaction documents entered into in connection therewith, provides for, among other things, the consummation of the following transactions: (i) Inpixon will transfer the Enterprise Apps Business (the “Separation”) to its wholly-owned subsidiary, CXApp, and contribute $10 million in capital thereto (net of cash held by CXApp as of the effective time) (the “Cash Contribution”), (ii) following the Separation, Inpixon will distribute 100% of the shares of CXApp Common Stock to Inpixon stockholders and other security holders by way of the Distribution and (iii) following the completion of the foregoing transactions and subject to the satisfaction or waiver of certain other conditions set forth in the Merger Agreement, the parties shall consummate the Merger. The Separation, Distribution and Merger are intended to qualify as “tax-free” transactions.

On March 14, 2023, the Company completed the tax-free distribution of 100% of the outstanding capital stock of CXApp Holding Corp., a wholly owned subsidiary, on a pro rata basis to holders of the Company’s outstanding capital stock and certain other securities of record as of March 6, 2023. The distribution was immediately followed by the closing of the business combination between CXApp and KINS.

The following unaudited pro forma condensed consolidated financial information is presented in accordance with the rules specified by Article 11 of Regulation S-X promulgated by the U.S. Securities and Exchange Commission (the “SEC”) and has been prepared subject to the assumptions and adjustments as described in the notes thereto. Specifically, the unaudited pro forma condensed consolidated financial information set forth below reflects the effects of the Business Combination on (i) the Company’s condensed consolidated balance sheet as of September 30, 2022, as if the Business Combination had occurred on that date, and (ii) Company’s condensed consolidated statement of operations for the nine months ended September 30, 2022, and the year ended December 31, 2021, as if the Business Combination had occurred on January 1, 2021. Management believes that the assumptions used, and adjustments made are reasonable under the circumstances and given the information available.

The following unaudited pro forma condensed consolidated financial statements have been derived from historical financial statements prepared in accordance with U.S. generally accepted accounting principles (“US GAAP”). The pro forma adjustments reflect the impacts of events directly attributable to the Business Combination, that are factually supportable, and for purposes of the unaudited pro forma condensed consolidated statements of operations, expected to have a continuing impact on the Company. The following unaudited proforma condensed consolidated financial information is for illustrative and informational purposes only and is not necessarily indicative of the financial condition or results of operations of the Company that would have occurred if the Business Combination had occurred on the dates indicated, nor is it indicative of the future financial condition or results of operations of the Company.

The unaudited pro forma condensed consolidated financial information should be read in conjunction with the following:

● The accompanying notes to the unaudited pro forma condensed consolidated financial statements;

● The Company’s unaudited condensed consolidated financial statements as of and for the nine months ended September 30, 2022, included in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022; and

● The Company’s audited consolidated financial statements as of and for the year ended December 31, 2021, included in its Annual Report on Form 10-K for the year ended December 31, 2021.

The historical condensed consolidated statement of operations for the year ended December 31, 2021, has been adjusted by Company management to reflect certain reclassifications to conform with current financial statement presentation.

INPIXON AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

As of September 30, 2022

(In thousands, except number of shares and par value data)

	Inpixion and Subsidiaries Historical (a)			Pro Forma Adjustments			Note	Inpixion and Subsidiaries Pro Forma
Assets
Current Assets
Cash and cash equivalents	$	63,153		$	(33,550	)	(c), (d), (g), (h), (i)	$	29,603
Accounts receivable, net of allowances		2,879			(1,496	)	(c)		1,383
Other receivables		137			(45	)	(c)		92
Inventory		2,702			(10	)	(c)		2,692
Note receivable		150			-				150
Prepaid expenses and other current assets		3,258			(2,033	)	(c)		1,225
Total Current Assets		72,279			(37,134	)			35,145
Property and equipment, net		1,307			(213	)	(c)		1,094
Operating lease right-of-use asset, net		1,323			(730	)	(c)		593
Software development costs, net		1,684			(535	)	(c)		1,149
Investments in equity securities		1,124			-				1,124
Long-term investments		2,500			(2,500	)	(e)		-
Intangible assets, net		28,174			(20,215	)	(c)		7,959
Other assets		204			(57	)	(c)		147
Total Assets	$	108,595		$	(61,384	)		$	47,211
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable	$	2,559		$	(786	)	(c)	$	1,773
Accrued liabilities		4,370			(2,050	)	(c)		2,320
Operating lease obligation, current		514			(256	)	(c)		258
Deferred revenue		3,730			(2,576	)	(c)		1,154
Short-term debt		6,179			-				6,179
Acquisition liability		3,376			-				3,376
Total Current Liabilities		20,728			(5,668	)			15,060
Long Term Liabilities
Operating lease obligation, noncurrent		852			(502	)	(c)		350
Other liabilities, noncurrent		28			(30	)	(c)		(2	)
Total Liabilities		21,608			(6,200	)			15,408
Commitments and Contingencies
Mezzanine Equity
Series 8 Convertible Preferred Stock- 53,197.7234 shares authorized, issued and outstanding as of September 30, 2022, respectively.		53,198			(53,198	)	(h)		-
Stockholders’ Equity
Preferred Stock -$0.001 par value; 5,000,000 shares authorized
Series 4 Convertible Preferred Stock - 10,415 shares authorized; 1 issued and outstanding as of September 30, 2022.		-			-				-
Series 5 Convertible Preferred Stock - 12,000 shares authorized; 126 issued and outstanding as of September 30, 2022.		-			-				-
Common Stock - $0.001 par value; 26,666,667 shares authorized; 2,250,597 issued and 2,250,596 outstanding as of September 30, 2022, respectively.		2			10		(f), (g), (i)		12
Additional paid-in capital		331,487			29,638		(g), (i)		361,125
Treasury stock, at cost, 1 share		(695	)		-				(695	)
Accumulated other comprehensive income		1,496			-				1,496
Accumulated deficit		(299,123	)		(31,634	)	(c), (d), (e)		(330,757	)
Stockholders’ Equity Attributable to Inpixon		33,167			(1,986	)			31,181
Non-controlling Interest		622			-				622
Total Stockholders’ Equity		33,789			(1,986	)			31,803
Total Liabilities, Mezzanine Equity and Stockholders’ Equity	$	108,595		$	(61,384	)		$	47,211

The accompanying notes are an integral part of these unaudited pro forma condensed consolidated financial statements.

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INPIXON AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

For the nine months ended September 30, 2022

(In thousands, except number of shares and par value data)

	Inpixion and Subsidiaries Historical (a)			Pro Forma Adjustments			Note	Inpixion and Subsidiaries Pro Forma
Revenues	$	14,133		$	(6,473	)	(j)	$	7,660
Cost of Revenues		4,037			(1,628	)	(j)		2,409
Gross Profit		10,096			(4,845	)			5,251
Operating Expenses
Research and development		13,642			(6,929	)	(j)		6,713
Sales and marketing		6,757			(3,797	)	(j), (k)		2,960
General and administrative		19,788			(8,393	)	(j), (k)		11,395
Acquisition-related costs		270			(16	)	(j)		254
Impairment of goodwill		7,570			(5,540	)	(j)		2,030
Amortization of intangibles		4,056			(2,919	)	(j)		1,137
Total Operating Expenses		52,083			(27,594	)			24,489
Loss from Operations		(41,987	)		22,749				(19,238	)
Other Income (Expense)
Interest expense, net		(62	)		(3	)	(j)		(65	)
Other expense, net		(637	)		1		(j)		(636	)
Unrealized loss on equity securities		(7,110	)		-				(7,110	)
Total Other Expense		(7,809	)		(2	)			(7,811	)
Net Loss, before tax		(49,796	)		22,747				(27,049	)
Income tax provision		(84	)		62		(j)		(22	)
Net Loss		(49,880	)		22,809				(27,071	)
Net Loss Attributable to Non-controlling Interest		(1,206	)		-				(1,206	)
Net Loss Attributable to Stockholders of Inpixon		(48,674	)		22,809				(25,865	)
Accretion of Series 7 preferred stock		(4,555	)		-				(4,555	)
Accretion of Series 8 Preferred Stock		(13,089	)		-				(13,089	)
Deemed dividend for the modification related to Series 8 Preferred Stock		(2,627	)		-				(2,627	)
Deemed contribution for the modification related to Warrants issued in connection with Series 8 Preferred Stock		1,469			-				1,469
Amortization premium-modification related to Series 8 Preferred Stock		2,626			-				2,626
Net Loss Attributable to Common Stockholders	$	(64,850	)	$	22,809			$	(42,041	)
Basic and diluted loss per share	$	(31.08	)				(f)	$	(2.94	)
Weighted Average Shares Outstanding, basic and diluted		2,086,633			12,219,309		(f), (g), (i)		14,305,942

The accompanying notes are an integral part of these unaudited pro forma condensed consolidated financial statements.

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INPIXON AND SUBSIDIARIES

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

For the year ended December 31, 2021

(In thousands, except number of shares and par value data)

	Inpixion and Subsidiaries Historical (b)			Pro Forma Adjustments			Note		Inpixion and Subsidiaries Pro Forma
Revenues	$	15,995		$	(6,368	)		(j)	$	9,627
Cost of Revenues		4,374			(1,646	)		(j)		2,728
Gross Profit		11,621			(4,722	)				6,899
Operating Expenses
Research and development		14,121			(6,704	)		(j)		7,417
Sales and marketing		8,261			(4,763	)		(j), (k)		3,498
General and administrative		41,478			(21,056	)		(j), (k)		20,422
Acquisition-related costs		1,248			(628	)		(j)		620
Impairment of goodwill		14,789			(11,896	)		(j)		2,893
Amortization of intangibles		4,467			(3,047	)		(j)		1,420
Total Operating Expenses		84,364			(48,094	)				36,270
Loss from Operations		(72,743	)		43,372					(29,371	)
Other Income (Expense)
Interest income, net		1,183			(1	)		(j)		1,182
Loss on exchange of debt for equity		(30	)		-					(30	)
Benefit for valuation allowance on related party loan - held for sale		7,345			-					7,345
Other expense, net		(47	)		-					(47	)
Gain on related party loan - held for sale		49,817			-					49,817
Unrealized loss on equity securities		(57,067	)		-					(57,067	)
Total Other Income		1,201			(1	)				1,200
Net Loss, before tax		(71,542	)		43,371					(28,171	)
Income tax benefit (provision)		1,412			(2,527	)		(j)		(1,115	)
Net Loss		(70,130	)		40,844					(29,286	)
Net Loss Attributable to Non-controlling Interest		(975	)		-					(975	)
Net Loss Attributable to Stockholders of Inpixon		(69,155	)		40,844					(28,311	)
Accretion of Series 7 preferred stock		(8,161	)		-					(8,161	)
Net Loss Attributable to Common Stockholders	$	(77,316	)	$	40,844				$	(36,472	)
Basic and diluted loss per share	$	(51.18	)					(f)	$	(2.66	)
Weighted Average Shares Outstanding, basic and diluted		1,510,678			12,219,309			(f), (g), (i)		13,729,987

The accompanying notes are an integral part of these unaudited pro forma condensed consolidated financial statements.

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INPIXON AND SUBSIDIARIES

NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(1) Basis of presentation

The unaudited pro forma condensed financial statements are based on the historical consolidated financial statements of the seller as adjusted to give effect to the Separation. The unaudited pro forma condensed consolidated statements of operations for the nine months ended September 30, 2022, and the year ended December 31, 2021, give effect to the Separation as if it were completed on January 1, 2021. The unaudited pro forma condensed consolidated balance sheet as of September 30, 2022, gives effect to the Separation as if it were completed on September 30, 2022. The transaction accounting adjustments for the Separation consist of those necessary to account for the Separation. Certain reclassifications have been made to the prior period financial statements to conform to the current period financial statement presentation. Certain amounts related to foreign currency transaction expense from the prior period were reclassified from Other Income / (Expense) line item to General and Administration line item on the Unaudited Condensed Consolidated Statement of Operations. These reclassifications had no net effect on loss from operations, net loss, or cash flows as previously reported.

(2) Unaudited Pro Forma Adjustments

The following is a summary of the unaudited pro forma adjustments reflected in the unaudited pro forma condensed consolidated financial statements based on preliminary estimates, which may change as additional information is obtained.

a. Reflects amounts as originally reported by the Company in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2022.

b. Reflects amounts as originally reported by the Company in its Annual Report on Form 10-K for the year ended December 31, 2021.

c. Reflects the elimination of the Enterprise Apps Business assets, liability and historical equity balances including within the Company’s consolidated financial statements. The Company notes $69 million of consideration in connection with the Business Combination was paid directly to the shareholders of the Company as a result of the spin-off, and no adjustment was included in the unaudited pro forma consolidated balance sheet as a result.

d. Reflects adjustments for remaining cash contribution of $4.0 million to reach $10 million cash contribution in accordance within the Separation and Distribution agreement.

e. Reflects adjustments to the Company's investment in Class A and Class B Units of Cardinal Ventures Holdings LLC, which has certain interests in the sponsor of KINS. The Company distributed its ownership interests to certain employees and members of management on February 28, 2023 as pre-requisite to the Business Combination.

f. The Inpixon and Subsidiaries historical September 30, 2022 and December 31, 2021, information reflects the adjustment for the reverse stock split of the Company’s authorized and issued and outstanding shares of common stock at a ratio of one (1) share of common stock for every seventy five (75) shares of common stock. The Company executed the reverse stock split on October 7, 2022.

g. Reflects adjustment for offering for the sale of an aggregate of 253,112 shares of common stock at an offering price of $5.85 per share, Purchase Warrants to purchase 3,846,153 shares of common stock at an exercise price of $5.85 per share and Pre-Funded Warrants to purchase 2,310,990 shares of common stock, at a purchase price equal to the price at which each share of common stock is sold in this offering, minus $0.001, and an exercise price of $0.001 per share. The net proceeds from the offering was approximately $14.2 million. The Company executed the securities purchase agreement on October 18, 2022.

h. Reflects adjustment for the redemption of Series 8 Convertible Preferred Stock occurring between October 1, 2022 to December 31, 2022. Redemption notices covered a total of 53,198 shares of Series 8 Convertible Preferred Stock for aggregate cash required to be paid of $53.2 million.

i. Reflects adjustment for offering for the sale of an aggregate of 9,655,207 shares of common stock at share prices between $1.15 and $1.86 per share that have occurred from January 1, 2023 to March 15, 2023. The Company recorded gross proceeds of approximately $15.4 million.

j. Reflects the elimination of the historical revenues and expenses directly to related to the Enterprise Apps Business that will not recur in the Company’s statement of operations beyond the date of the Business Combination.

k. Reflects management’s estimates of approximately $1.1 million and $0.8 million of historical costs mainly for executive salaries and benefits in general and administrative expenses and sales and marketing expenses that were allocated to Enterprise Apps Business. The historical costs were added back to the statement of operations for the year ended December 31, 2021 and for the nine months ended September 30, 2022, respectively, as the costs would be incurred by the Company.

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