XTI Aerospace issues 40M+ shares for debt and consulting obligations, diluting holders

XTI Aerospace, Inc.

Issued 18.75M shares to Streeterville Capital at ~$0.05/sh in exchange for 910 Series 9 Preferred shares ($955,500 stated value).
Issued 21.63M fully vested shares to former CEO/consultant Nadir Ali at $0.05/sh for part of $1.875M consulting fees and $222K bonus.
Paid $259,878 to Streeterville and $86,626 to Ali's entity 3AM as redemption proceeds under Nov 17 Consent Agreement.
Outstanding shares increased to 216.5M as of Nov 20, 2024, reflecting substantial dilution.

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