secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001213900-24-101087
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 3.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390024101087/0001213900-24-101087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390024101087/ea0222070-8k_xtiaero.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-101087

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