{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-046831","form_type":"8-K/A","ticker":"XTIA","cik":"0001529113","company_name":"XTI Aerospace, Inc.","filed_at":"2024-05-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.852530+00:00","generated_at":"2026-06-01T08:02:35.756103+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"XTI Aerospace files audited Legacy XTI financials: $57.96M deficit, going concern","bullets":["Legacy XTI net loss $25.07M in 2023; accumulated deficit $57.96M as of Dec 31, 2023.","Auditor cites substantial doubt about going concern due to working capital deficiency.","Cash and equivalents only $4,580 at Dec 31, 2023; operating cash flow negative $4.18M.","Merger with XTI Aerospace completed March 12, 2024; pro forma combined results filed.","Legacy XTI remains development-stage with zero revenue; no TriFan 600 commercialization yet."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-046831","json":"https://secwatch.observer/filing/0001213900-24-046831.json","markdown":"https://secwatch.observer/filing/0001213900-24-046831.md","text":"https://secwatch.observer/filing/0001213900-24-046831.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1529113/000121390024046831/0001213900-24-046831-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1529113/000121390024046831/ea0203481-8ka1_xtiaero.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T08:02:35.756103+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":"1feb390306ece0820c04d89bd2369e6d67c875b7","claim":"XTI Aerospace, Inc. completed an acquisition involving XTI Aircraft Company (Legacy XTI) (closed 2024-03-12).","evidence_excerpt":"the completion of its previously announced acquisition of XTI Aircraft Company (\"Legacy XTI\") on March 12, 2024","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1529113/000121390024046831/0001213900-24-046831-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"XTI Aircraft Company (Legacy XTI)"},{"label":"Closing","value":"2024-03-12"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}