XTI Aerospace exchanges $250k note for 59,382 shares; authorized to raise $10M via ATM

XTI Aerospace, Inc.

Exchanged $250k secured note for 59,382 common shares at $4.21/share, reducing note principal.
3AM Investments (controlled by former CEO) consents to up to $10M additional ATM sales.
20% of gross proceeds from any financing allocated to bonus plan payments, then to Series 9 Preferred redemption.
Updated financial data reflects 1-for-250 reverse split; net loss of $45.9M in FY2023.

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