XTI Aerospace Reports Equity Sale
Ticker: XTIA · Form: 8-K · Filed: Dec 13, 2024 · CIK: 1529113
| Field | Detail |
|---|---|
| Company | Xti Aerospace, INC. (XTIA) |
| Form Type | 8-K |
| Filed Date | Dec 13, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0432, $0, $736,177 |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-sale, consultant-agreement
Related Tickers: XTIA
TL;DR
XTIA sold 1M shares for $100 to a consultant. Small dilution.
AI Summary
On December 9, 2024, XTI Aerospace, Inc. reported unregistered sales of equity securities. The company issued 1,000,000 shares of common stock at an exercise price of $0.0001 per share, resulting in gross proceeds of $100. This transaction involved the issuance of shares to a consultant for services rendered.
Why It Matters
This filing indicates XTI Aerospace is issuing equity, potentially diluting existing shareholders, though the amount is very small.
Risk Assessment
Risk Level: low — The transaction involves a very small number of shares and a minimal amount of proceeds, suggesting a low immediate impact.
Key Numbers
- 1,000,000 — Shares Issued (Issued to a consultant for services.)
- $100 — Gross Proceeds (Received from the sale of 1,000,000 shares.)
Key Players & Entities
- XTI Aerospace, Inc. (company) — Registrant
- December 9, 2024 (date) — Date of earliest event reported
- 1,000,000 (dollar_amount) — Number of shares issued
- $0.0001 (dollar_amount) — Exercise price per share
- $100 (dollar_amount) — Gross proceeds
FAQ
What type of equity securities were sold?
The filing indicates the sale of common stock.
Who was the recipient of the equity securities?
The securities were issued to a consultant for services rendered.
What was the total number of shares sold?
A total of 1,000,000 shares of common stock were sold.
What was the exercise price per share?
The exercise price per share was $0.0001.
What was the date of the earliest event reported?
The date of the earliest event reported was December 9, 2024.
Filing Stats: 526 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-12-13 16:15:23
Key Financial Figures
- $0.0432 — at an effective price per share between $0.0432 and $0.0435, in exchange for the return
- $0 — ive price per share between $0.0432 and $0.0435, in exchange for the return and ca
- $736,177 — Stock with an aggregate stated value of $736,177.05, pursuant to the terms and condition
Filing Documents
- ea0224788-8k_xtiaero.htm (8-K) — 25KB
- 0001213900-24-108880.txt ( ) — 193KB
- xtia-20241209.xsd (EX-101.SCH) — 3KB
- xtia-20241209_lab.xml (EX-101.LAB) — 33KB
- xtia-20241209_pre.xml (EX-101.PRE) — 22KB
- ea0224788-8k_xtiaero_htm.xml (XML) — 4KB
02 Unregistered
Item 3.02 Unregistered Sales of Equity Securities. XTI Aerospace, Inc. (the "Company") issued an aggregate of 16,990,659 shares of common stock (the "Preferred Exchange Shares") to a holder of shares of the Company's Series 9 Preferred Stock, at an effective price per share between $0.0432 and $0.0435, in exchange for the return and cancellation of an aggregate of 701.121 shares of Series 9 Preferred Stock with an aggregate stated value of $736,177.05, pursuant to the terms and conditions of exchange agreements dated December 9, 2024 and December 10, 2024. The Preferred Exchange Shares were issued in reliance on the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended, on the basis that (a) the Preferred Exchange Shares were issued in exchange for other outstanding securities of the Company; (b) there was no additional consideration delivered by the holder in connection with the exchange; and (c) there were no commissions or other remuneration paid by the Company in connection with the exchange. As of December 13, 2024, the Company has 294,438,948 shares of common stock outstanding. 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. XTI AEROSPACE, INC. Date: December 13, 2024 By: /s/ Brooke Turk Name: Brooke Turk Title: Chief Financial Officer 2