---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-110351"
form_type: "8-K"
ticker: "XTIA"
cik: "0001529113"
company_name: "XTI Aerospace, Inc."
filed_at: "2026-10-16T21:16:04+00:00"
generated_at: "2026-10-16T21:18:09.058861+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.88
calibrated_materiality_score: 0.88
confidence: "high"
source: SEC EDGAR
---

# XTI Aerospace unit defaults on $4.51M drone notes; cross-default hits $20M JPMorgan revolver

## Summary
- XTI Drones Holdings missed Sept 30, 2026 installments of $1,380,000 (DN Note) and $120,000 (AR Note); 10-day grace lapsed and default was declared Oct 11, 2026.
- DN Note principal $10,976,284.58 and AR Note $954,459.53, both at 7.25% and due Nov 10, 2026; default interest now 9.25% (stated rate plus 2.00%).
- Default triggered cross-default under the Feb 11, 2026 JPMorgan credit agreement ($20.0M ABL revolver); ~$8.4M of revolving loans outstanding as of Oct 16, 2026.
- Lender may stop lending, block distributions, accelerate debt, charge +2.00% default interest and seize collateral; company says liquidity is insufficient to repay if accelerated.
- Sellers agreed to terms of a temporary waiver subject to execution and a restructuring is planned; Q2 2026 10-Q expected to flag substantial doubt about going concern.

## SEC filing metadata
- accession: 0001213900-26-110351
- form_type: 8-K
- ticker: XTIA
- cik: 0001529113
- company_name: XTI Aerospace, Inc.
- filed_at: 2026-10-16T21:16:04+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.88
- calibrated_materiality_score: 0.88
- confidence: high
- sec_items: 2.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1529113/000121390026110351/0001213900-26-110351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1529113/000121390026110351/ea0308915-8k_xtiaero.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-110351
- JSON: https://secwatch.observer/filing/0001213900-26-110351.json
- Plain text: https://secwatch.observer/filing/0001213900-26-110351.txt

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