debt
confidence high
sentiment neutral
materiality 0.50
XTI Aerospace issues 180,847 shares to Streeterville Capital to reduce $500K note; also issues shares to PR/IR firms
XTI Aerospace, Inc.
- Issued 180,847 shares to Streeterville Capital at $2.48-$3.34 per share in exchange for reducing $500,000 of outstanding secured promissory note.
- Agreed to issue 25,000 unregistered shares to a PR firm as partial compensation for services, subject to board approval.
- Agreed to issue 8,500 unregistered shares to an IR firm as partial compensation for services, subject to board approval.
- Shares issued under exemptions (Section 3(a)(9) and Section 4(a)(2)/Rule 506); subject to transfer restrictions.