secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2025-01-10T23:59:59+00:00
Accession:  0001213900-25-002385
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 3.02, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390025002385/0001213900-25-002385-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390025002385/ea0227324-8k_xtiaero.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-002385

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