{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-038166","form_type":"8-K","ticker":"XTIA","cik":"0001529113","company_name":"XTI Aerospace, Inc.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.853047+00:00","generated_at":"2026-06-03T02:46:24.966088+00:00","sec_items":["1.01","2.03","3.02","5.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"XTI Aerospace raises $1M net via secured note with Streeterville, exchanges warrants and preferred stock","bullets":["Issued $1.305M secured promissory note to Streeterville Capital; net $1M after $290K OID & $15K fees; 10% interest, 12-month maturity.","Note includes prepayment penalty (115%), 10% monitoring fee after 6 months, mandatory 25% prepayment on equity raises upon default.","Exchanged 918,690 existing warrants for 643,082 common shares (0.70/share); warrants cancelled.","Exchanged 750 Series 9 Preferred shares ($787,500 stated value) for 266,047 common shares at $2.96/share; amended Series 9 terms."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-038166","json":"https://secwatch.observer/filing/0001213900-24-038166.json","markdown":"https://secwatch.observer/filing/0001213900-24-038166.md","text":"https://secwatch.observer/filing/0001213900-24-038166.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1529113/000121390024038166/0001213900-24-038166-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1529113/000121390024038166/ea0205054-8k_xtiaero.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:46:24.966088+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"17aff8b8572982c0651bff6d131eafa6b67d0ec4","claim":"XTI Aerospace, Inc. incurred loan of $1,305,000.00 with Streeterville Capital, LLC at 10% per annum maturing 12 months from the issuance date.","evidence_excerpt":"On May 1, 2024, XTI Aerospace, Inc. (the “Company”) entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Holder”), pursuant to which the Company agreed to issue and sell to the Holder a secured promissory note (the “Note”) in an initial principal amount of $1,305,000.00 (the “Initial Principal Amount”), which is payable on or before the date that is 12 months from the issuance date (the “Maturity Date”)","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1529113/000121390024038166/0001213900-24-038166-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,305,000.00"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Rate","value":"10% per annum"},{"label":"Maturity","value":"12 months from the issuance date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b038cde4bede8fe85284cf683ae2b5e859c38c4f","claim":"XTI Aerospace, Inc.: Certificate of Amendment to Series 9 Preferred Stock Certificate of Designation to allow payment in securities or other property upon a Corporation Optional Conversion, adjust notice timing, and eliminate majority consent requirement for debt repayment to Series 9 holders (effective 2024-04-30).","evidence_excerpt":"On April 30, 2024, the Company filed a Certificate of Amendment to Designations of Preferences and Rights of Series 9 Preferred Stock (the “Certificate of Amendment”) with the Secretary of State of the State of Nevada, which now allows the Company to pay the holders of Series 9 Preferred Stock, if such holders agree, with securities or other property of the Company in an amount equal to the Series 9 Preferred Liquidation Amount (as defined in the Series 9 Preferred Stock Certificate of Designation) in the event the Company elects to redeem all of any portion of the Series 9 Preferred Stock then issued and outstanding (a “Corporation Optional Conversion”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1529113/000121390024038166/0001213900-24-038166-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-04-30"}],"fact_type":"governance_change"},{"claim_id":"49a04651ce6c775b4db7c4eb61dc450a5405b117","claim":"XTI Aerospace, Inc. entered into Purchase Agreement with Streeterville Capital, LLC valued at $1,305,000.00 (effective 2024-05-01).","evidence_excerpt":"On May 1, 2024, XTI Aerospace, Inc. (the “Company”) entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Holder”), pursuant to which the Company agreed to issue and sell to the Holder a secured promissory note (the “Note”) in an initial principal amount of $1,305,000.00 (the “Initial Principal Amount”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1529113/000121390024038166/0001213900-24-038166-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Streeterville Capital, LLC"},{"label":"Value","value":"$1,305,000.00"},{"label":"Effective","value":"2024-05-01"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}