secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001213900-24-023130
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 5.02, 1.01, 5.03, 2.01, 3.02, 3.03, 5.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XTI Aerospace (XTIA) completes reverse merger with Inpixon; new CEO, $1.5M preferred sale
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- Merger closed March 12, 2024; Inpixon acquired XTI Aircraft; combined company renamed XTI Aerospace (ticker XTIA).
- 1-for-100 reverse split of Inpixon common stock prior to merger; XTIA has ~9.8M shares outstanding post-merger.
- New CEO Scott Pomeroy, CFO Brooke Martellaro; three new directors (Pomeroy, Soumya Das, David Brody).
- Issued 9,801.5 Series 9 Preferred shares to Streeterville Capital to exchange $9.8M debt; 10% return.
- Sold 1,500 Series 9 Preferred shares to CEO Nadir Ali for $1.5M; Ali consults at $20k/month for 15 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/0001213900-24-023130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390024023130/ea0201784-8k_xtiaero.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-023130

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