XTI Aerospace sets 1-for-250 reverse split, prices $20M offering at $0.055/share

XTI Aerospace, Inc.

Reverse stock split at 1-for-250 effective 12:01 a.m. ET on Jan 10, 2025; no fractional shares, rounded up.
Best-efforts offering of 363,636,364 pre-split shares (1,454,546 post-split) at $0.055/sh; gross proceeds ~$20M.
Placement agent ThinkEquity receives warrant for 72,727 post-split shares at $17.1875/sh; 30-day lock-up for company, 90-day for insiders.
20% of offering gross (~$4M) payable to Series 9 holder for consent, used for bonus plan recipients and potential redemption.
Nasdaq hearing held Jan 9, 2025 to appeal delisting due to bid price below $0.10; decision pending within 30 days.

item 1.01 item 3.02 item 3.03 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

XTI Aerospace, Inc.: Reverse stock split at 1-for-250 ratio via amendment to articles of incorporation (effective 2025-01-10).

Change: charter amendment
Effective: 2025-01-10

Exact text from the filing

On January 7, 2025, the Company filed the Reverse Stock Split Amendment with the Secretary of State of the State of Nevada to effect the Reverse Stock Split at a ratio of 1-for-250, effective as of 12:01 a.m., Eastern Time, on January 10, 2025.

View on SEC.gov

Browse all governance changes →

XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-002385

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.