---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-099390"
form_type: "8-K"
ticker: "XTIA"
cik: "0001529113"
company_name: "XTI Aerospace, Inc."
filed_at: "2024-11-18T23:59:59+00:00"
generated_at: "2026-05-29T23:00:31.063365+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XTI Aerospace enters $5M ATM increase, pays $486K to former CEO, waives future subsidiary sale income

## Summary
- 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).

## SEC filing metadata
- accession: 0001213900-24-099390
- form_type: 8-K
- ticker: XTIA
- cik: 0001529113
- company_name: XTI Aerospace, Inc.
- filed_at: 2024-11-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.03, 5.02, 5.08, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529113/000121390024099390/0001213900-24-099390-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529113/000121390024099390/ea0221391-8k_xtiaero.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-099390
- JSON: https://secwatch.observer/filing/0001213900-24-099390.json
- Plain text: https://secwatch.observer/filing/0001213900-24-099390.txt

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