secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2025-03-31T23:59:59+00:00
Accession:  0001013762-25-004468
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XTI Aerospace prices $4M public offering of stock, pre-funded and common warrants
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- Underwriting agreement with ThinkEquity on March 28 for firm commitment offering at $1.36 per unit.
- Gross proceeds ~$4M; net proceeds ~$3.3M after underwriting discounts and expenses.
- Net proceeds include ~$2.7M to fully repay two secured promissory notes to Streeterville Capital.
- Offering consists of 765,200 shares, 2,176,000 pre-funded warrants, and 2,941,200 common warrants.
- Lock-up: 60 days for company, 90 days for officers/directors; closing expected March 31, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000101376225004468/0001013762-25-004468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000101376225004468/ea0236269-8k_xtiaero.htm
  HTML page:      https://secwatch.observer/filing/0001013762-25-004468

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