---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-016941"
form_type: "8-K"
ticker: "XTIA"
cik: "0001529113"
company_name: "XTI Aerospace, Inc."
filed_at: "2026-02-17T23:59:59+00:00"
generated_at: "2026-05-16T02:24:55.931284+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# XTI subsidiary Drone Nerds secures $20M JPMorgan ABL facility

## Summary
- ABL facility provides up to $20M revolving borrowing base on AR and inventory, matures Feb 11, 2029.
- Proceeds to repay $10.5M of intercompany loans; balance for working capital and dividends.
- Facility includes $25M accordion feature subject to lender consent.
- Interest at CBFR plus 2% margin; protective advances at CBFR plus 4%.
- Financial covenant: Fixed Charge Coverage Ratio >= 1.0x, with equity cure right.

## SEC filing metadata
- accession: 0001213900-26-016941
- form_type: 8-K
- ticker: XTIA
- cik: 0001529113
- company_name: XTI Aerospace, Inc.
- filed_at: 2026-02-17T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529113/000121390026016941/0001213900-26-016941-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529113/000121390026016941/ea0277245-8k_xti.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-016941
- JSON: https://secwatch.observer/filing/0001213900-26-016941.json
- Plain text: https://secwatch.observer/filing/0001213900-26-016941.txt

## Source-grounded claims
- claim_id: 51252d0e8fe9e932e3e3c6b1dfd171a9bcc19753
  claim: XTI Aerospace, Inc. incurred revolving credit of $20 million with JPMorgan Chase Bank, N.A. at CBFR plus the applicable margin of 2% maturing February 11, 2029.
  evidence_excerpt: Credit Agreement”) with the other Loan Parties party thereto and JPMorgan Chase Bank, N.A. (the “Lender”). The “Loan Parties” include the Borrowers, the Borrowers’ U.S.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390026016941/0001213900-26-016941-index.htm
- claim_id: b82fc7b419ff251e671b1b858b0540d6cc213c6e
  claim: XTI Aerospace, Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at up to $20 million (effective 2026-02-11).
  evidence_excerpt: On February 11, 2026, Drone Nerds, LLC, a Florida limited liability company (“Drone Nerds”) and subsidiary of XTI Aerospace, Inc. (the “Company”), and Anzu Robotics, LLC, a Delaware limited liability company and subsidiary of the Company (“Anzu”; Drone Nerds and Anzu, collectively, the “Borrowers”), entered into a Credit Agreement (the “Credit Agreement”) with the other Loan Parties party thereto and JPMorgan Chase Bank, N.A. (the “Lender”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1529113/000121390026016941/0001213900-26-016941-index.htm

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