XTI converts $25M preferred; issues 1.72M shares + warrant for 15.3M shares; CSO Arthur gets $600k salary, 1.5M options

XTI Aerospace, Inc.

Automatic conversion of Series 10 Convertible Preferred Stock (purchased by Unusual Machines for $25M) into common stock at $1.492/share.
On Jan 5, 2026, issued 1,721,980 shares to Unusual Machines and a pre-funded warrant for 15,307,735 shares at $0.0001 exercise price.
Total common shares outstanding after conversion: 34,508,796 (including the new shares).
New employment agreement with CSO Tobin Arthur: $600k base salary, continuation bonus of $250k, and options to purchase 1,512,200 shares at $1.58.
Options vest immediately one-third, balance over 2 years; agreement effective Jan 5, 2026, initial term 3 years.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.