Source-grounded facts extracted from XTI Aerospace, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
XTI Aerospace, Inc. reported first quarter ended March 31, 2026 results: revenue $27.7 million. Guidance initiated.
“2026, and provided an update on the Company’s outlook for 2026. 2026 first quarter highlights (Inpixon results excluded and reflected in discontinued operations): ● Revenue of $27.7 million ● Gross profit of $5.1 million ● Gross profit as a percentage of revenue of 18.6 percent 2026 Financial Outlook and Guidance (1) : The Company expects to achieve the following”
XTI Aerospace, Inc. reported full year 2026 results: revenue $160 million or greater. Guidance initiated.
“Company guidance: ● Expecting full year 2026 revenue of $160 million or greater”
XTI Aerospace, Inc. reported the fiscal year ended December 31, 2025 results: revenue $121.6 million, net income $39.0 million.
“2025 full year pro forma, XTI reported the following highlights (1) (includes Drone Nerds as if the acquisition had occurred as of January 1, 2024): ● Revenue of $121.6 million ● Gross profit of $26.8 million ● Gross profit as a percentage of revenue of 22.0 percent ● Net loss from continuing operations of $39.0 million”
XTI Aerospace, Inc. reported the fourth quarter ended December 31, 2025 results: revenue $41.7 million, net income $7.6 million.
“combined financial information. 2025 pro forma fourth quarter XTI highlights (1) (includes Drone Nerds as if the acquisition had occurred as of January 1, 2024): ● Revenue of $41.7 million ● Gross profit of $8.1 million ● Gross profit as a percentage of revenue of 19.5 percent ● Net loss from continuing operations of $7.6 million 2025 full year pro forma, XTI”
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.
“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.”
XTI Aerospace, Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A. valued at up to $20 million (effective 2026-02-11).
“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”).”
XTI Aerospace, Inc. entered into Share Purchase and Transfer Agreement with EVO 467. GmbH valued at EUR 4,640,000 (approximately $5,475,000) (effective 2026-02-03).
“On February 3, 2026 (the “Signing Date” and the “Closing Date”), XTI Aerospace, Inc. (the “Company”) completed the disposition of the Inpixon Business (as defined below) pursuant to a Share Purchase and Transfer Agreement (the “SPA”) entered into on the same date with EVO 467. GmbH, a German limited liability company (the “Purchaser”).”
XTI Aerospace, Inc. completed a disposition involving EVO 467. GmbH for EUR 4,640,000 (approx. $5,475,000) deferred purchase price, bearing 5% interest, with an Unwind Option (closed 2026-02-03).
“Company sold and assigned to the Purchaser all of the shares (the “Inpixon Shares”) of Inpixon GmbH, a German limited liability company (“Inpixon”), for a purchase price of EUR 4,640,000 (approximately $5,475,000 based on the exchange rate on the Signing Date) (the “Purchase Price”), the payment of which is deferred and subject to the Unwind Option, as described”
XTI Aerospace, Inc. issued pre-funded warrant to purchase 15,307,735 shares of Common Stock of warrant to Unusual Machines, Inc. for issued in lieu of Common Stock due to beneficial ownership limitation; exercise price of $0.0001 per share deemed pre-paid as part of the Subscription Amount.
“Stock. The Pre-Funded Warrant is immediately exercisable and may be exercised at any time until it is exercised in full. The Pre-Funded Warrant has an exercise price of $0.0001 per share, provided that such exercise price is deemed pre-paid as part of the Subscription Amount. The Pre-Funded Warrant may not be exercised if the holder thereof (together”
XTI Aerospace, Inc. issued 1,721,980 shares of Common Stock of common stock to Unusual Machines, Inc. for conversion of $25,000,000 Series 10 Convertible Preferred Stock plus accrued dividends.
“As a result of the automatic conversion of the Series 10 Preferred Stock, on January 5, 2026, the Company issued Unusual Machines 1,721,980 shares of Common Stock (the “Shares”) and a pre-funded warrant to purchase 15,307,735 shares of Common Stock (the “Pre-Funded Warrant” and the shares of Common Stock issuable upon exercise of the Pre-Funded Warrant, the “Pre-Funded Warrant Shares”).”
XTI Aerospace, Inc. incurred loan of $10,976,284.58 with The Origin Group DN, Inc. at Not specified maturing Not specified.
“issued DN Seller a promissory note in the original principal amount of $10,976,284.58 (the “DN Note”) in exchange for 30% of the Drone Nerds Interests”
XTI Aerospace, Inc. completed an acquisition involving Drone Nerds, LLC and Anzu Robotics, LLC for $16,727,356.00 in cash, a promissory note in the original principal amount of $10,976,284.58, and 6,002,610 Class B Units with a fair market value of $8,955,894 (closed 2025-11-10).
“company as part of a reorganization for tax purposes. Pursuant to the DN Purchase Agreement, in exchange for the Drone Nerds Interests, XTI Drones Holdings (i) paid DN Seller $16,727,356.00 in cash in exchange for 46% of the Drone Nerds Interests, (ii) issued DN Seller a promissory note in the original principal amount of $10,976,284.58 (the “DN Note”) in exchange”
XTI Aerospace, Inc.: Adopted amended and restated bylaws modernizing and clarifying bylaws, including advance notice provisions, removing director limit, restricting stockholder written consent, and adding exclusive forum provisions (effective 2025-08-13).
“On August 13, 2025, the board of directors (the “Board”) of XTI Aerospace, Inc. (the “Company”) adopted amended and restated bylaws of the Company (as amended and restated, the “Amended and Restated Bylaws”), effective on such date.”
Marcum LLP resigned as auditor of XTI Aerospace, Inc..
“(“CBIZ”) of the attest business of Marcum LLP (“Marcum”), the Audit Committee of the Company’s Board of Directors approved the engagement of CBIZ as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, subject to the effectiveness of Marcum’s resignation upon the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the “Form”
XTI Aerospace, Inc. engaged CBIZ CPAs P.C. as its auditor.
“the Audit Committee of the Company’s Board of Directors approved the engagement of CBIZ as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025”
XTI Aerospace, Inc. engaged CBIZ CPAs P.C. as its auditor.
“On March 24, 2025, the Audit Committee of the Company’s Board of Directors approved the engagement of CBIZ as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, subject to the execution of an engagement letter by the Company and CBIZ.”
Marcum LLP resigned as auditor of XTI Aerospace, Inc..
“1, 2024 and 2023, and through March 24, 2025, the date Marcum informed the Company of their resignation, there were (a) no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) with Marcum on any matter of accounting principles or”
XTI Aerospace, Inc.: Reverse stock split at 1-for-250 ratio via amendment to articles of incorporation (effective 2025-01-10).
“On January 7, 2025, the Company filed the Reverse Stock Split Amendment with the Secretary of State of the State of Nevada to effect the Reverse Stock Split at a ratio of 1-for-250, effective as of 12:01 a.m., Eastern Time, on January 10, 2025.”
XTI Aerospace, Inc. completed a disposition (closed 2024-02-21).
“As previously disclosed, on February 21, 2024, the Company completed the disposition of the businesses held by Grafiti pursuant to the Equity Purchase Agreement.”
Jennifer Gaines was appointed as Chief Legal Officer at XTI Aerospace, Inc..
“the Company announced that, effective as of October 28, 2024, the board of directors (the “Board”) of the Company appointed Jennifer Gaines as the Company’s Chief Legal Officer.”
Tobin Arthur was appointed as Chief Strategy Officer at XTI Aerospace, Inc..
“On September 23, 2024, XTI Aerospace, Inc. (the “Company”) announced that, effective as of September 19, 2024, the board of directors (the “Board”) of the Company appointed Tobin Arthur as the Company’s Chief Strategy Officer.”
XTI Aerospace, Inc. completed an acquisition involving XTI Aircraft Company (Legacy XTI) (closed 2024-03-12).
“the completion of its previously announced acquisition of XTI Aircraft Company ("Legacy XTI") on March 12, 2024”
Leonard Oppenheim resigned as Director at XTI Aerospace, Inc..
“Ms. Axton’s appointment fills the vacancy created by the resignation of Leonard Oppenheim.”
Tensie Axton was appointed as Class III director at XTI Aerospace, Inc..
“Effective as of May 13, 2024, the Board of Directors (the “Board”) of XTI Aerospace, Inc. (the “Company”) appointed Tensie Axton to the Board as a Class III director”
XTI Aerospace, Inc.: Certificate of Amendment to Series 9 Preferred Stock Certificate of Designation to allow payment in securities or other property upon a Corporation Optional Conversion, adjust notice timing, and eliminate majority consent requirement for debt repayment to Series 9 holders (effective 2024-04-30).
“On April 30, 2024, the Company filed a Certificate of Amendment to Designations of Preferences and Rights of Series 9 Preferred Stock (the “Certificate of Amendment”) with the Secretary of State of the State of Nevada, which now allows the Company to pay the holders of Series 9 Preferred Stock, if such holders agree, with securities or other property of the Company in an amount equal to the Series 9 Preferred Liquidation Amount (as defined in the Series 9 Preferred Stock Certificate of Designation) in the event the Company elects to redeem all of any portion of the Series 9 Preferred Stock then issued and outstanding (a “Corporation Optional Conversion”).”
XTI Aerospace, Inc. incurred loan of $1,305,000.00 with Streeterville Capital, LLC at 10% per annum maturing 12 months from the issuance date.
“On May 1, 2024, XTI Aerospace, Inc. (the “Company”) entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Holder”), pursuant to which the Company agreed to issue and sell to the Holder a secured promissory note (the “Note”) in an initial principal amount of $1,305,000.00 (the “Initial Principal Amount”), which is payable on or before the date that is 12 months from the issuance date (the “Maturity Date”)”
XTI Aerospace, Inc. entered into Purchase Agreement with Streeterville Capital, LLC valued at $1,305,000.00 (effective 2024-05-01).
“On May 1, 2024, XTI Aerospace, Inc. (the “Company”) entered into a note purchase agreement (the “Purchase Agreement”) with Streeterville Capital, LLC (the “Holder”), pursuant to which the Company agreed to issue and sell to the Holder a secured promissory note (the “Note”) in an initial principal amount of $1,305,000.00 (the “Initial Principal Amount”)”
Leonard Oppenheim resigned as Director at XTI Aerospace, Inc..
“Leonard Oppenheim resigned from the Board of Directors (the “Board”) of XTI Aerospace, Inc. (the “Company”), including all committees thereof and any other positions held with the Company or any of its subsidiaries, effective as of March 31, 2024.”
XTI Aerospace, Inc.: Bylaws amended to classify board into three classes with staggered terms (effective 2024-03-12).
“On March 12, 2024, the Board adopted by resolution an amendment to the Bylaws of the Company (the "Bylaws Amendment"). The Bylaws Amendment classifies the members of the Board into three classes (Class I, Class II and Class III) with staggered terms.”
XTI Aerospace, Inc.: Filed Certificate of Amendment to change company name from Inpixon to XTI Aerospace, Inc (effective 2024-03-11).
“On March 11, 2024, the Company also filed a Certificate of Amendment to its articles of incorporation with the Secretary of State of Nevada to change the name of the Company from "Inpixon" to "XTI Aerospace, Inc.", which became effective shortly after the Effective Time.”
XTI Aerospace, Inc.: Filed Certificate of Amendment to effect reverse stock split (effective 2024-03-11).
“On March 11, 2024, the Company filed a Certificate of Amendment to its articles of incorporation with the Secretary of State of Nevada to effect the Reverse Stock Split, which was approved by the Company’s stockholders at the special meeting in lieu of annual meeting held on December 8, 2023, as described in the Company’s proxy statement/prospectus filed on November 14, 2023.”
XTI Aerospace, Inc.: Filed Certificate of Designation for Series 9 Preferred Stock (effective 2024-03-12).
“On March 12, 2024, the Company filed the Certificate of Designations of Preferences and Rights of Series 9 Preferred Stock (the "Certificate of Designation"), with the Secretary of State of Nevada, designating 20,000 shares of preferred stock, par value $0.001 of the Company, as Series 9 Preferred Stock.”
XTI Aerospace, Inc. completed an acquisition involving XTI Aircraft Company for 7,843,668 shares of XTIA common stock; assumed options and warrants (closed 2024-03-12).
“Split”). At the Effective Time, pursuant to the Merger Agreement, the shares of XTI common stock outstanding immediately prior to the Effective Time became the right to receive 7,843,668 shares of XTIA common stock, and the options and warrants to purchase shares of XTI common stock outstanding immediately prior to the Effective Time were assumed by the Company”
XTI Aerospace, Inc. underwent a change of control involving XTI Aircraft Company for 7,843,668 shares of XTIA common stock (closed 2024-03-12).
“Split”). At the Effective Time, pursuant to the Merger Agreement, the shares of XTI common stock outstanding immediately prior to the Effective Time became the right to receive 7,843,668 shares of XTIA common stock, and the options and warrants to purchase shares of XTI common stock outstanding immediately prior to the Effective Time were assumed by the Company”
David Brody was appointed as Director at XTI Aerospace, Inc..
“the Board appointed Messrs. Scott Pomeroy, Soumya Das and David Brody as directors to the Board.”
Soumya Das was appointed as Director at XTI Aerospace, Inc..
“the Board appointed Messrs. Scott Pomeroy, Soumya Das and David Brody as directors to the Board.”
Brooke Martellaro was appointed as Chief Financial Officer at XTI Aerospace, Inc..
“the board of directors of the Company (the "Board") appointed Mr. Scott Pomeroy as Chief Executive Officer of the Company and Ms. Brooke Martellaro as Chief Financial Officer of the Company.”
Scott Pomeroy was appointed as Director at XTI Aerospace, Inc..
“the Board appointed Messrs. Scott Pomeroy, Soumya Das and David Brody as directors to the Board.”
Scott Pomeroy was appointed as Chief Executive Officer at XTI Aerospace, Inc..
“the board of directors of the Company (the "Board") appointed Mr. Scott Pomeroy as Chief Executive Officer of the Company and Ms. Brooke Martellaro as Chief Financial Officer of the Company.”
Tanveer Khader resigned as Director at XTI Aerospace, Inc..
“Messrs. Nadir Ali and Tanveer Khader and Ms. Wendy Loundermon resigned as directors of the Company.”
Wendy Loundermon resigned as Director at XTI Aerospace, Inc..
“Messrs. Nadir Ali and Tanveer Khader and Ms. Wendy Loundermon resigned as directors of the Company.”
Wendy Loundermon resigned as Chief Financial Officer at XTI Aerospace, Inc..
“Mr. Nadir Ali and Ms. Wendy Loundermon resigned as Chief Executive Officer and Chief Financial Officer of the Company, respectively.”
Nadir Ali resigned as Director at XTI Aerospace, Inc..
“Messrs. Nadir Ali and Tanveer Khader and Ms. Wendy Loundermon resigned as directors of the Company.”
Nadir Ali resigned as Chief Executive Officer at XTI Aerospace, Inc..
“Mr. Nadir Ali and Ms. Wendy Loundermon resigned as Chief Executive Officer and Chief Financial Officer of the Company, respectively.”
XTI Aerospace, Inc. completed a disposition involving Grafiti Group LLC for $1,000,000 (closed 2024-02-21).
“Inpixon Limited. Pursuant to the Equity Purchase Agreement, Purchaser will purchase from Inpixon 100% of the equity interest in Grafiti LLC for a minimum purchase price of $1,000,000 paid in two annual cash installments of $500,000 due within 60 days after December 31, 2024 and 2025. The purchase price and annual cash installment payments will be (i) increased”
XTI Aerospace, Inc. entered into Equity Purchase Agreement with Grafiti Group LLC valued at minimum purchase price of $1,000,000 paid in two annual cash installments of $500,000 (effective 2024-02-16).
“As part of the Solutions Divestiture, on February 16 , 2024, Inpixon entered into an Equity Purchase Agreement (the “Equity Purchase Agreement”) to divest the businesses held by Grafiti LLC, a wholly-owned subsidiary of Inpixon (the “Covered Business”), by transferring 100% of the equity interest in Grafiti LLC to Grafiti Group LLC (“Purchaser”), a holding company controlled by Inpixon’s director and Chief Executive Officer, Nadir Ali.”
XTI Aerospace, Inc. amended XTI Note Amendment with XTI Aircraft Company (effective 2024-01-30).
“On February 2, 2024, Inpixon and XTI executed a further amendment to the XTI Note, dated effective as of January 30, 2024, to increase the Maximum Principal Amount (as such term is defined in the XTI Note) from $2,313,407 to $4,000,000 and to revise the date “January 30,2024” in the definition of Maturity Date to “March 31, 2024” (the “XTI Note Amendment”).”
XTI Aerospace, Inc. completed a disposition involving Grafiti Holding Inc. (closed 2023-12-27).
“istribution Agreement (the “Separation Agreement”) with Grafiti Holding Inc., a British Columbia corporation and subsidiary of the Company (“Grafiti”), pursuant to which the Company was to complete a Reorganization (as defined below) and then distribute”
XTI Aerospace, Inc. entered into Liquidating Trust Agreement with Grafiti Holding Inc. valued at Trust to hold Grafiti Common Shares for Participating Securityholders until Registration Statement e (effective 2023-12-27).
“On December 27, 2023, the Company entered into a Liquidating Trust Agreement (the “Liquidating Trust Agreement”) by and among the Company, Grafiti and the sole original trustee named therein, who is a current employee of the Company (collectively with any additional trustees duly appointed under the Liquidating Trust Agreement from time to time, the “Trustees”).”
XTI Aerospace, Inc. amended Amendment No. 2 to Equity Distribution Agreement with Maxim Group LLC valued at Extension of term to earliest of December 31, 2024, sale of shares equal to Offering Size, or termin (effective 2023-12-29).
“On December 29, 2023, Inpixon (the “Company,” “we,” “us,” and “our”) entered into Amendment No. 2 to Equity Distribution Agreement (“Amendment 2”) with Maxim Group LLC (“Maxim”), amending the Equity Distribution Agreement, dated as of July 22, 2022, between the Company and Maxim (the “Original Agreement”), as amended by Amendment No. 1 to the Original Agreement, dated as of June 13, 2023, between the Company and Maxim (“Amendment 1” and, together with the Original Agreement and Amendment 2, the “Equity Distribution Agreement”), pursuant to which the parties extended the term of the Equity Distribution Agreement until the earliest of (i) December 31, 2024, (ii) the sale of shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), having an aggregate offering price equal to the Offering Size (as defined in the Equity Distribution Agreement), and (iii) the termination by either Maxim or the Company upon the provision of 15 days written notice or otherwise pursuant”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.