Inpixon corrects warrant exercise to 49.1M for $2.52M proceeds

XTI Aerospace, Inc.

Holders exercised 49,131,148 warrants at $0.0513 per share, raising $2,520,427.88.
Company issued 46,555,462 shares; 2,575,686 shares blocked due to beneficial ownership limits.
Amendment corrects earlier 8-K that overstated exercised warrants as 55,000,000.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.7

XTI Aerospace, Inc. entered into Inducement Agreement with the Holders valued at aggregate of 49,131,148 Existing Warrants for an aggregate exercise price of $2,520,427.88 (effective 2023-12-19).

Action: entry
Counterparty: the Holders
Value: aggregate of 49,131,148 Existing Warrants for an aggregate exercise price of $2,520,427.88
Effective: 2023-12-19

Exact text from the filing

Pursuant to the Inducement Agreements, the Holders exercised an aggregate of 49,131,148 Existing Warrants for an aggregate exercise price of $2,520,427.88.

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XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-097384

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