secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2023-12-15T23:59:59+00:00
Accession:  0001213900-23-096181
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inpixon receives ~$2.52M from warrant exercise inducement; issues new warrants
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- 55M existing warrants exercised at reduced price of $0.0513 per share (from $0.10).
- Gross proceeds of $2,520,427.88; net proceeds for working capital and corporate purposes.
- Company issues new warrants for up to 100% of exercised shares, exercise price $0.07324, exercisable for 5 years subject to shareholder approval.
- Exercise price for unexercised existing warrants reduced to $0.07324 per share.
- Joseph Gunnar & Co. acts as placement agent; cash fee of 5.5% of gross proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390023096181/0001213900-23-096181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390023096181/ea190173-8k_inpixon.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-096181

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer