{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-086912","form_type":"8-K","ticker":"XTIA","cik":"0001529113","company_name":"XTI Aerospace, Inc.","filed_at":"2023-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.386030+00:00","generated_at":"2026-06-08T03:31:12.298684+00:00","sec_items":["2.02","3.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Inpixon Q3 revenue down 17% YoY; Nasdaq delisting notice received for low bid price","bullets":["Q3 revenue $2.0M (-16.7% YoY); net loss from continuing ops $10.8M; non-GAAP adjusted EBITDA loss $4.1M.","Nasdaq delisting determination for bid price ≤$0.10 for 10 consecutive days; company plans to appeal and cure by reverse split or XTI merger.","Definitive merger with XTI Aircraft expected Q4 2023; shareholder meeting Dec 8; combined entity to be XTI Aerospace (ticker XTIA).","Spin-off of UK SAVES via Grafiti and merger with Damon Motors expected Q1 2024; Damon has ~$85M pre-production reservations for HyperSport motorcycle.","Cash and equivalents $13.5M at Sep 30, 2023; gross margin improved to 78% from 69% YoY due to higher-margin subscription mix."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-086912","json":"https://secwatch.observer/filing/0001213900-23-086912.json","markdown":"https://secwatch.observer/filing/0001213900-23-086912.md","text":"https://secwatch.observer/filing/0001213900-23-086912.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1529113/000121390023086912/0001213900-23-086912-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1529113/000121390023086912/ea188356-8k425_inpixon.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T03:31:12.298684+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"834dccc023afe05ce161b6dcf5fe6e36ba4f0910","claim":"XTI Aerospace, Inc. reported third quarter ended September 30, 2023 results: revenue $2.0 million.","evidence_excerpt":"Revenues for the three and nine months ended September 30, 2023, were $2.0 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1529113/000121390023086912/0001213900-23-086912-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$2.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c9cc41ae3f9ed9b163eb26890a34f723f75799c4","claim":"XTI Aerospace, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5810(c)(3)(A)(iii), 5550(a)(2)).","evidence_excerpt":"November 9, 2023, the Company received notice (the “November 9 Letter”) from Nasdaq that Nasdaq had determined that as of November 8, 2023, the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days triggering application of Listing Rule 5810(c)(3)(A)(iii) which states in part: if during any compliance period specified in Rule 5810(c)(3)(A), a company’s security has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect to that s","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1529113/000121390023086912/0001213900-23-086912-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"delisting notice"},{"label":"Deficiency","value":"minimum bid price"},{"label":"Rules","value":"5810(c)(3)(A)(iii), 5550(a)(2)"}],"fact_type":"exchange_compliance_notice"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}