{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-106085","form_type":"8-K","ticker":"XTIA","cik":"0001529113","company_name":"XTI Aerospace, Inc.","filed_at":"2024-12-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:08.705731+00:00","generated_at":"2026-05-29T07:14:27.196351+00:00","sec_items":["3.02","8.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"XTI Aerospace issues 41.3M shares to convert preferred stock and settle consulting debt","bullets":["Issued 19,961,587 shares at ~$0.0447 each in exchange for cancellation of 850 Series 9 Preferred shares ($892,500 stated value).","Issued 21,345,967 fully vested shares at $0.0476 each to former CEO/consultant Nadir Ali to satisfy $1,875,000 owed under consulting agreement.","Total common shares outstanding as of Dec 5, 2024: 272,724,231; new issuances represent ~15% dilution.","Both issuances are exempt from registration under Sections 3(a)(9) and S-8 respectively.","Stock used as currency to settle obligations, indicating potential cash constraints."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-106085","json":"https://secwatch.observer/filing/0001213900-24-106085.json","markdown":"https://secwatch.observer/filing/0001213900-24-106085.md","text":"https://secwatch.observer/filing/0001213900-24-106085.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1529113/000121390024106085/0001213900-24-106085-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1529113/000121390024106085/ea0223827-8k_xtiaero.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T07:14:27.196351+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}