secwatch.observer — SEC 8-K summary
======================================

Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001213900-25-108855
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 5.03, 2.01, 2.03, 3.02, 3.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390025108855/0001213900-25-108855-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390025108855/ea0264722-8k_xtiaero.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-108855

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer