secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2024-04-04T23:59:59+00:00
Accession:  0001213900-24-030471
Event type: regulatory
Sentiment:  negative
Materiality: 0.65
Item codes: 3.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

XTI Aerospace director resignation triggers Nasdaq non-compliance; cure period granted
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- Leonard Oppenheim resigned from board effective March 31, 2024, for personal reasons.
- Board now has four directors, not a majority independent; audit committee lacks three independent members.
- Nasdaq issued notice of non-compliance on April 4, 2024; cure period until next annual meeting or March 31, 2025.
- Company intends to appoint an additional independent director before the cure deadline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390024030471/0001213900-24-030471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390024030471/ea0203347-8k_xtiaero.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-030471

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