Inpixon increases ATM offering capacity to $27.4M, extends term to Dec 31, 2023

XTI Aerospace, Inc.

Maximum aggregate offering price under ATM program increased from $25M to ~$27.4M via Amendment No. 1.
As of June 12, 2023, $20.3M of shares sold; ~$7.1M in common stock remains available for future sales.
Agreement term extended to December 31, 2023 or until full $27.4M sold, whichever is earlier.
Maxim Group LLC will receive a 3.0% commission on gross proceeds from each sale of shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

XTI Aerospace, Inc. amended Amendment No. 1 to Equity Distribution Agreement with Maxim Group LLC valued at from $25.0 million to approximately $27.4 million (effective 2023-06-13).

Action: amendment
Agreement: atm program
Counterparty: Maxim Group LLC
Value: from $25.0 million to approximately $27.4 million
Effective: 2023-06-13

Exact text from the filing

On June 13, 2023, the Company entered into Amendment No. 1 to Equity Distribution Agreement (“Amendment 1”) with Maxim Group LLC (“Maxim”), amending the Equity Distribution Agreement, dated as of July 22, 2022, between the Company and Maxim (the “Original Agreement” and, together with Amendment No. 1, the “Equity Distribution Agreement”), pursuant to which the aggregate gross sales amount was increased from $25.0 million to approximately $27.4 million.

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XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-048636

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