XTI Aerospace, Inc. (XTIA): M&A transaction — XTI Aerospace enters $5M ATM increase, pays $486K to former CEO, waives future subsidiary sale income

XTI Aerospace, Inc.

Authorized additional $5M ATM sales; 20% of proceeds (15% Streeterville, 5% 3AM) used to redeem Series 9 Preferred Stock.
Agreed to pay Nadir Ali $426K severance and $60K consulting fee by Nov 19, 2024; waived past breaches under employment/consulting agreements.
Waived future Net Income After Taxes payments from Grafiti sale under Equity Purchase Agreement, effective immediately.
TriFan 600 conceptual design review nearing completion; preliminary design review targeted for early 2025.
Damon Motors business combination closed; XTI shareholders received Damon shares via 1-for-50 distribution (previously announced).

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XTI Aerospace, Inc. (XTIA): M&A transaction — XTI Aerospace enters $5M ATM increase, pays $486K to former CEO, waives future subsidiary sale income

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