XTI Aerospace issues 3.66M common shares in preferred exchange; names new CLO

XTI Aerospace, Inc.

Issued 3,662,790 common shares at $0.086 each in exchange for 300 shares of Series 9 Preferred with $315,000 stated value.
Total outstanding shares increased to 68,380,698 after the exchange.
Appointed Jennifer Gaines as Chief Legal Officer effective Oct 28, 2024, with base salary $300K and bonus up to 60%.
Granted initial stock options for 1,171,875 shares at $0.473 exercise price, vesting 1/3 annually over 3 years.

item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Jennifer Gaines

Chief Legal Officer

XTIA · XTI Aerospace, Inc.

Effective: 2024-10-28
Filed: October 30, 2024, 7:59 PM ET

the Company announced that, effective as of October 28, 2024, the board of directors (the “Board”) of the Company appointed Jennifer Gaines as the Company’s Chief Legal Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jennifer Gaines was appointed as Chief Legal Officer at XTI Aerospace, Inc..

Action: appointed
Role: Chief Legal Officer

Exact text from the filing

the Company announced that, effective as of October 28, 2024, the board of directors (the “Board”) of the Company appointed Jennifer Gaines as the Company’s Chief Legal Officer.

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XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-091993

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