other_material
confidence high
sentiment neutral
materiality 0.50
XTI Aerospace adopts amended bylaws with advance notice, exclusive forum clauses
XTI Aerospace, Inc.
- Advance notice provisions for stockholder director nominations and business proposals.
- Removed maximum limit on number of directors on the board.
- Stockholders may no longer act by written consent; all actions require a meeting.
- Designated Nevada court as exclusive forum for derivative and fiduciary duty claims.
- Federal district courts designated exclusive forum for Securities Act claims.
item 5.03item 9.01