Inpixon shareholders approve 18.75x increase in authorized shares to 500M and stock plan amendment

XTI Aerospace, Inc.

Stockholders approved increase in authorized common shares from 26,666,667 to 500,000,000.
Amendment to 2018 Employee Stock Incentive Plan approved, allowing extended post-termination option exercise periods via individual agreements.
All five director nominees elected: Nadir Ali, Wendy Loundermon, Leonard Oppenheim, Kareem Irfan, Tanveer Khader.
Marcum LLP ratified as independent auditor for fiscal year ending Dec 31, 2022.
Certificate of amendment filed with Nevada Secretary of State on Nov 29, 2022 to effect share increase.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

XTI Aerospace, Inc.: Amendment to articles of incorporation to increase authorized shares of common stock from 26,666,667 to 500,000,000 (effective 2022-11-29).

Change: charter amendment
Effective: 2022-11-29

Exact text from the filing

On November 29, 2022, the Company filed a certificate of amendment to the Company’s articles of incorporation, as amended (the “Articles of Incorporation”), with the Secretary of State of the State of Nevada to increase the number of authorized shares of Common Stock from 26,666,667 to 500,000,000 shares (the “Share Increase Amendment”).

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

XTI Aerospace, Inc. shareholders approved Approval of the Amendment of 2018 Employee Stock Incentive Plan at the 2022-11-28 meeting.

Proposal: equity plan
Outcome: passed
Meeting: 2022-11-28

Exact text from the filing

the Plan Amendment was approved by the stockholders at the Annual Meeting

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XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-077368

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