secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2025-03-27T23:59:59+00:00
Accession:  0001013762-25-003029
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XTI Aerospace preliminary FY2024 revenue $3.2M, operating expenses $38.9M; auditor changed to CBIZ
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- Q4 2024 revenue estimated at $1.0M; full-year $3.2M; operating expenses $10.6M Q4, $38.9M FY.
- Cash and debt as of Dec 31, 2024: $4.1M and $2.7M; as of filing date: $10.5M and $2.1M.
- Marcum LLP resigns as auditor effective upon 10-K filing; Audit Committee engages CBIZ CPAs P.C. for FY2025.
- Prior-year audit opinion included going concern uncertainty; material weaknesses in internal controls noted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000101376225003029/0001013762-25-003029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000101376225003029/ea023583401-8k_xti.htm
  HTML page:      https://secwatch.observer/filing/0001013762-25-003029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer