---
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"
generated_at: "2026-05-16T21:09:15.331460+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.03, 2.01, 2.03, 3.02, 3.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529113/000121390025108855/0001213900-25-108855-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529113/000121390025108855/ea0264722-8k_xtiaero.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-108855
- JSON: https://secwatch.observer/filing/0001213900-25-108855.json
- Plain text: https://secwatch.observer/filing/0001213900-25-108855.txt

## Source-grounded claims
- claim_id: 6e9a33f62862935c4989792cbd211364005e8dcc
  claim: XTI Aerospace, Inc. incurred loan of $10,976,284.58 with The Origin Group DN, Inc. at Not specified maturing Not specified.
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390025108855/0001213900-25-108855-index.htm
- claim_id: 474ccdbb7b0f03657894a9d3f57e97bc56c87cc2
  claim: 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).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390025108855/0001213900-25-108855-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.