XTI Aerospace settles with former CEO; to pay ~$3.9M for stock redemption and terminations

XTI Aerospace, Inc.

Redeems 1,164 shares of Series 9 Preferred Stock for $1,251,651.
Terminates Ali Consulting Agreement; pays $60,000 cash and $1.5M in three installments through Dec 2025.
Forgives $1M owed by Grafiti Group under Equity Purchase Agreement as part of settlement.
Must pay $803,261 in Bonus Plan payments and $303,373 to former CFO Loundermon by April 26, 2025.
Failure to pay Former Management Payments on time accelerates full $1.5M deferred amount.

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