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Although the markets may be volatile due to a number of factors, there are still some stocks that have managed to come on to the radars of investors in a positive way and recorded significant gains. One of the stocks to have done so on Monday was that of Inpixon (NASDAQ:INPX), which ended up with gains of as much as 21% for the day.

In light of such gains, it may be a good move for investors to take a closer look at the developments which led to the rally. Yesterday, the company announced that it had managed to get into a definitive merger agreement with the company KINS Technology Group, which is a publicly listed special purpose acquisition company.

As per the terms of the agreement, KINS is going to acquire the entirety of the enterprise apps business of Inpixon as part of the transaction. That is going to include the company’s indoor mapping, experience technologies, events platform, and augmented reality solutions among others.

The transaction in question is going to be structured in such a way that a business combination is affected with CXApp Holding, a subsidiary of Inpixon which was formed recently. In exchange, shareholders in Inpixon are going to receive KINS shares with a total valuation of as much as $69 million.

It could well prove to be a key new deal for Inpixon and its enterprise apps business. That particular business is not only going to get access to a greater degree of capital but also higher operational resources.

In addition to that, it will also get a new management team in place and greater expertise on its board for the purpose of bringing about growth. It is now going to be interesting to see if the Inpixon stock can continue to add to its gains over the coming days or not.