debt
confidence high
sentiment neutral
materiality 0.55
XTI Aerospace repays $2.72M in secured notes to Streeterville using offering proceeds
XTI Aerospace, Inc.
- Repaid $2,719,456.85 to Streeterville Capital, LLC, covering principal, accrued interest, prepayment premium, and fees.
- Notes originated on May 1 and May 24, 2024, were secured promissory notes.
- Repayment funded from net proceeds of firm commitment underwritten public offering with ThinkEquity LLC.
- Streeterville released all security interests and liens held in connection with the notes.
- Transaction terminated material debt agreement effective March 31, 2025.