---
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"
generated_at: "2026-06-03T02:46:24.966088+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# XTI Aerospace raises $1M net via secured note with Streeterville, exchanges warrants and preferred stock

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-038166
- JSON: https://secwatch.observer/filing/0001213900-24-038166.json
- Plain text: https://secwatch.observer/filing/0001213900-24-038166.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $1,305,000.00
  - Counterparty: Streeterville Capital, LLC
  - Rate: 10% per annum
  - Maturity: 12 months from the issuance date
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024038166/0001213900-24-038166-index.htm
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2024-04-30
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024038166/0001213900-24-038166-index.htm
- Material Agreements
  XTI Aerospace, Inc. entered into Purchase Agreement with Streeterville Capital, LLC valued at $1,305,000.00 (effective 2024-05-01).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Streeterville Capital, LLC
  - Value: $1,305,000.00
  - Effective: 2024-05-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024038166/0001213900-24-038166-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.