secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001213900-25-013569
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390025013569/0001213900-25-013569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390025013569/ea0230952-8k_xtiaero.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-013569

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