---
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"
generated_at: "2026-06-01T08:02:35.756103+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XTI Aerospace files audited Legacy XTI financials: $57.96M deficit, going concern

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-046831
- JSON: https://secwatch.observer/filing/0001213900-24-046831.json
- Plain text: https://secwatch.observer/filing/0001213900-24-046831.txt

## Key facts
- M&A Transactions
  XTI Aerospace, Inc. completed an acquisition involving XTI Aircraft Company (Legacy XTI) (closed 2024-03-12).
  - Action: acquisition
  - Counterparty: XTI Aircraft Company (Legacy XTI)
  - Closing: 2024-03-12
  source text: the completion of its previously announced acquisition of XTI Aircraft Company ("Legacy XTI") on March 12, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390024046831/0001213900-24-046831-index.htm

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