secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001213900-24-091993
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390024091993/0001213900-24-091993-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390024091993/ea0219127-8k_xtiaero.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-091993

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer