XTI Aerospace, Inc. (XTIA): debt financing — Inpixon issues $8.4M unsecured promissory note to Streeterville Capital at 10% interest, netting $6.5M

XTI Aerospace, Inc.

Issued $8.4M unsecured promissory note due 12 months; net proceeds $6.5M after $1.885M OID and $15k fees.
Interest accrues at 10% p.a.; default rate 22%. Prepayment penalty of 115% of outstanding amount.
After 6 months, holder may redeem 1/6 of initial principal monthly; 10% monitoring fee added if note still outstanding at 6 months.
Mandatory prepayment of 25% of amount raised in any future equity offering until note is paid.
Streeterville gets participation right in up to 10% of any future financing until note is fully paid.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

XTI Aerospace, Inc. incurred loan of $8,400,000.00 with Streeterville Capital, LLC at 10% per annum maturing 12 months from the issuance date.

Instrument: loan
Principal: $8,400,000.00
Counterparty: Streeterville Capital, LLC
Rate: 10% per annum
Maturity: 12 months from the issuance date
Event: incurrence

Exact text from the filing

On December 30, 2022, Inpixon (the “Company”) entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Holder”), pursuant to which the Company agreed to issue and sell to the Holder an unsecured promissory note (the “Note”) in an aggregate initial principal amount of $8,400,000.00 (the “Initial Principal Amount”), which is payable on or before the date that is 12 months from the issuance date (the “Maturity Date”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

XTI Aerospace, Inc. entered into Note Purchase Agreement with Streeterville Capital, LLC valued at $8,400,000 (effective 2022-12-30).

Action: entry
Agreement: credit facility
Counterparty: Streeterville Capital, LLC
Value: $8,400,000
Effective: 2022-12-30

Exact text from the filing

On December 30, 2022, Inpixon (the “Company”) entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Holder”), pursuant to which the Company agreed to issue and sell to the Holder an unsecured promissory note (the “Note”) in an aggregate initial principal amount of $8,400,000.00

View on SEC.gov

Browse all debt financings →

XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-084113

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.