8-K filed November 12, 2025, 6:59 PM ET ticker XTIA CIK 0001529113

M&A confidence high sentiment neutral materiality 0.80

XTI Aerospace acquires Drone Nerds & Anzu Robotics for ~$39M; raises $25M PIPE from Unusual Machines

XTI Aerospace, Inc.

Acquired 100% of Drone Nerds for $16.7M cash, $10.98M note, and $8.96M in Class B units.
Acquired 100% of Anzu Robotics for $1.44M cash, $0.96M note, and $0.78M in Class B units.
Raised $25M via PIPE: sold 25,000 Series 10 Convertible Preferred shares to Unusual Machines at $1,000/share; $10.5M advanced to repay Banesco line.
Promissory notes: first payment $3.68M (DN) and $0.32M (AR) due Nov 30, 2025; interest 7.25%; maturity 1 year.
Class B units exchangeable for common stock after May 1, 2026 (initial 1:1); mandatory exchange after 15 months.

item 1.01 item 5.03 item 2.01 item 2.03 item 3.02 item 3.03 item 7.01 item 8.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001213900-25-108855
form_type: 8-K
ticker: XTIA
cik: 0001529113
company_name: XTI Aerospace, Inc.
filed_at: 2025-11-12T23:59:59+00:00
discovered_at: 2026-05-14T18:02:39.649104+00:00
generated_at: 2026-05-16T21:09:15.331460+00:00
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Source-grounded claims

6e9a33f62862935c4989792cbd211364005e8dcc

XTI Aerospace, Inc. incurred loan of $10,976,284.58 with The Origin Group DN, Inc. at Not specified maturing Not specified.

issued DN Seller a promissory note in the original principal amount of $10,976,284.58 (the “DN Note”) in exchange for 30% of the Drone Nerds Interests

SEC 8-K Item 2.03/2.04 confidence 0.95 SEC evidence

474ccdbb7b0f03657894a9d3f57e97bc56c87cc2

XTI Aerospace, Inc. completed an acquisition involving Drone Nerds, LLC and Anzu Robotics, LLC for $16,727,356.00 in cash, a promissory note in the original principal amount of $10,976,284.58, and 6,002,610 Class B Units with a fair market value of $8,955,894 (closed 2025-11-10).

company as part of a reorganization for tax purposes. Pursuant to the DN Purchase Agreement, in exchange for the Drone Nerds Interests, XTI Drones Holdings (i) paid DN Seller $16,727,356.00 in cash in exchange for 46% of the Drone Nerds Interests, (ii) issued DN Seller a promissory note in the original principal amount of $10,976,284.58 (the “DN Note”) in exchange

SEC 8-K Item 2.01/5.01 confidence 0.98 SEC evidence

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company as part of a reorganization for tax purposes. Pursuant to the DN Purchase Agreement, in exchange for the Drone Nerds Interests, XTI Drones Holdings (i) paid DN Seller $16,727,356.00 in cash in exchange for 46% of the Drone Nerds Interests, (ii) issued DN Seller a promissory note in the original principal amount of $10,976,284.58 (the “DN Note”) in exchange

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company as part of a reorganization for tax purposes. Pursuant to the DN Purchase Agreement, in exchange for the Drone Nerds Interests, XTI Drones Holdings (i) paid DN Seller $16,727,356.00 in cash in exchange for 46% of the Drone Nerds Interests, (ii) issued DN Seller a promissory note in the original principal amount of $10,976,284.58 (the “DN Note”) in exchange

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company as part of a reorganization for tax purposes. Pursuant to the DN Purchase Agreement, in exchange for the Drone Nerds Interests, XTI Drones Holdings (i) paid DN Seller $16,727,356.00 in cash in exchange for 46% of the Drone Nerds Interests, (ii) issued DN Seller a promissory note in the original principal amount of $10,976,284.58 (the “DN Note”) in exchange

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Source: SEC EDGAR

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