Inpixon amends XTI promissory note: max principal to $4M, maturity to Mar 31, 2024

XTI Aerospace, Inc.

Maximum principal amount increased from $2,313,407 to $4,000,000.
Maturity date extended from January 30, 2024 to March 31, 2024.
Amendment effective January 30, 2024; executed February 2, 2024.
Inpixon is lender; XTI Aircraft Company is borrower.

item 1.01 item 9.01

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 XTI Note Amendment with XTI Aircraft Company (effective 2024-01-30).

Action: amendment
Agreement: credit facility
Counterparty: XTI Aircraft Company
Effective: 2024-01-30

Exact text from the filing

On February 2, 2024, Inpixon and XTI executed a further amendment to the XTI Note, dated effective as of January 30, 2024, to increase the Maximum Principal Amount (as such term is defined in the XTI Note) from $2,313,407 to $4,000,000 and to revise the date “January 30,2024” in the definition of Maturity Date to “March 31, 2024” (the “XTI Note Amendment”).

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XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-010112

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