secwatch.observer — SEC 8-K summary
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Issuer:     XTI Aerospace, Inc. (XTIA)
CIK:        0001529113
Form:       8-K
Filed at:   2026-01-09T23:59:59+00:00
Accession:  0001213900-26-003002
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1529113/000121390026003002/0001213900-26-003002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1529113/000121390026003002/ea0272127-8k_xtiaero.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-003002

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