8-K
filed May 19, 2023, 7:59 PM ET
ticker XTIA
CIK 0001529113
debt
confidence high
sentiment neutral
materiality 0.40
XTI Aerospace, Inc. (XTIA): debt financing — Inpixon extends maturity on two Streeterville promissory notes to May 2024, adds ~$144K in extension fees
XTI Aerospace, Inc.
- July 2022 note maturity extended from July 22, 2023 to May 17, 2024; balance after extension fee $5,715,039.39.
- December 2022 note maturity extended from Dec 30, 2023 to May 17, 2024; balance after fee $8,813,014.58.
- Extension fees of $56,568.99 (July note) and $87,233.58 (Dec note) added to outstanding balances.
- Streeterville also holds 75M warrants for 75M shares of INPX common stock, issued May 17, 2023.
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. amended loan with Streeterville Capital, LLC maturing May 17, 2024.
- Instrument
- loan
- Counterparty
- Streeterville Capital, LLC
- Maturity
- May 17, 2024
- Event
- amendment
Exact text from the filing
Pursuant to the terms of the July 2022 Note Amendment, the maturity date of the July 2022 Note was extended from July 22, 2023 to May 17, 2024
View on SEC.gov
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
XTI Aerospace, Inc. amended loan with Streeterville Capital, LLC maturing May 17, 2024.
- Instrument
- loan
- Counterparty
- Streeterville Capital, LLC
- Maturity
- May 17, 2024
- Event
- amendment
Exact text from the filing
Pursuant to the terms of the December 2022 Note Amendment, the maturity date of the December 2022 Note was extended from December 30, 2023 to May 17, 2024
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
XTI Aerospace, Inc. amended December 2022 Note Amendment with Streeterville Capital, LLC valued at Extended maturity date from December 30, 2023 to May 17, 2024 and added extension fee of $87,233.58 (effective 2023-05-16).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- Streeterville Capital, LLC
- Value
- Extended maturity date from December 30, 2023 to May 17, 2024 and added extension fee of $87,233.58
- Effective
- 2023-05-16
Exact text from the filing
Additionally, on May 16, 2023, the Company entered into an amendment (the “December 2022 Note Amendment”) to that certain Promissory Note, dated December 30, 2022 ( the “December 2022 Note”), issued to Streeterville in the initial principal amount of $8,400,000. Pursuant to the terms of the December 2022 Note Amendment, the maturity date of the December 2022 Note was extended from December 30, 2023 to May 17, 2024 (the “December 2022 Note Maturity Date Extension”). In exchange for the December 2022 Note Maturity Date Extension, the Company agreed to pay Streeterville an extension fee in the amount of $87,233.58 (the “December 2022 Note Extension Fee”), which was added to the outstanding balance of the December 2022 Note. Following the application of the December 2022 Note Extension Fee, as of May 16, 2023, the outstanding balance of the December 2022 Note was $8,813,014.58.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
XTI Aerospace, Inc. amended July 2022 Note Amendment with Streeterville Capital, LLC valued at Extended maturity date from July 22, 2023 to May 17, 2024 and added extension fee of $56,568.99 to o (effective 2023-05-16).
- Action
- amendment
- Agreement
- notes offering
- Counterparty
- Streeterville Capital, LLC
- Value
- Extended maturity date from July 22, 2023 to May 17, 2024 and added extension fee of $56,568.99 to o
- Effective
- 2023-05-16
Exact text from the filing
On May 16, 2023, Inpixon (the “Company”) entered into an amendment (the “July 2022 Note Amendment”) to that certain Promissory Note, dated July 22, 2022, as amended on January 31, 2023 (as amended, the “July 2022 Note”), issued to Streeterville Capital, LLC (“Streeterville”) in the initial principal amount of $6,465,000. Pursuant to the terms of the July 2022 Note Amendment, the maturity date of the July 2022 Note was extended from July 22, 2023 to May 17, 2024 (the “July 2022 Note Maturity Date Extension”). In exchange for the July 2022 Note Maturity Date Extension, the Company agreed to pay Streeterville an extension fee in the amount of $56,568.99 (the “July 2022 Note Extension Fee”), which was added to the outstanding balance of the July 2022 Note. Following the application of the July 2022 Note Extension Fee, as of May 16, 2023, the outstanding balance of the July 2022 Note was $5,715,039.39.
View on SEC.gov
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