XTI Aerospace Files 8-K on Financials and Operations
Ticker: XTIA · Form: 8-K · Filed: Jan 23, 2025 · CIK: 1529113
| Field | Detail |
|---|---|
| Company | Xti Aerospace, INC. (XTIA) |
| Form Type | 8-K |
| Filed Date | Jan 23, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $25,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, operations, filing-update
TL;DR
XTI Aerospace dropped an 8-K detailing financials & operations. Check it out.
AI Summary
XTI Aerospace, Inc. filed an 8-K on January 23, 2025, reporting on its results of operations and financial condition, other events, and financial statements and exhibits. The company, formerly known as Inpixon, Sysorex Global, and Sysorex Global Holdings Corp., is incorporated in Nevada and based in Englewood, Colorado.
Why It Matters
This filing provides investors with an update on XTI Aerospace's financial health and operational activities, which can influence investment decisions.
Risk Assessment
Risk Level: medium — 8-K filings can contain a wide range of information, from routine updates to significant events, making the risk level dependent on the specific details within the report.
Key Players & Entities
- XTI Aerospace, Inc. (company) — Registrant
- Inpixon (company) — Former Company Name
- Sysorex Global (company) — Former Company Name
- Sysorex Global Holdings Corp. (company) — Former Company Name
- January 23, 2025 (date) — Date of Report
- Nevada (jurisdiction) — State of Incorporation
- Englewood, Colorado (location) — Business Address City and State
FAQ
What is the primary purpose of this 8-K filing for XTI Aerospace, Inc.?
The primary purpose is to report on the company's results of operations and financial condition, other events, and to provide financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on January 23, 2025.
What were some of XTI Aerospace, Inc.'s former company names?
XTI Aerospace, Inc. was formerly known as Inpixon, Sysorex Global, and Sysorex Global Holdings Corp.
In which state is XTI Aerospace, Inc. incorporated?
XTI Aerospace, Inc. is incorporated in Nevada.
What is the business address of XTI Aerospace, Inc.?
The business address of XTI Aerospace, Inc. is 8123 InterPort Blvd., Suite C, Englewood, CO 80112.
Filing Stats: 705 words · 3 min read · ~2 pages · Grade level 11.9 · Accepted 2025-01-23 17:01:08
Key Financial Figures
- $25,000,000 — ram for gross proceeds of approximately $25,000,000 since the end of the quarter ended Marc
Filing Documents
- ea0228578-8k_xtiaero.htm (8-K) — 28KB
- ea022857801ex99-1_xtiaero.htm (EX-99.1) — 19KB
- 0001213900-25-006029.txt ( ) — 223KB
- xtia-20250123.xsd (EX-101.SCH) — 3KB
- xtia-20250123_lab.xml (EX-101.LAB) — 33KB
- xtia-20250123_pre.xml (EX-101.PRE) — 22KB
- ea0228578-8k_xtiaero_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 23, 2025, XTI Aerospace, Inc. (the "Company") issued a press release (the "Press Release") providing an update to its shareholders regarding recent business and financial highlights. A copy of the Press Release (other than the specific information incorporated by reference pursuant to Item 8.01 of this Current Report on Form 8-K) is furnished hereto as Exhibit 99.1 and is incorporated by reference herein. The information in Item 2.02 of this Current Report on Form 8-K, including the sections of the Press Release incorporated by reference herein, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01 Other Events
Item 8.01 Other Events. The information set forth in the Press Release, solely to the extent such information references the reduction of total balance sheet liabilities as of December 31, 2024 when compared to total liabilities as of September 30, 2024, and the sale of common stock under the Company's existing "at-the-market" offering program for gross proceeds of approximately $25,000,000 since the end of the quarter ended March 31, 2024, together with the paragraphs set forth under the heading "Cautionary Statement Regarding Forward-Looking Statements", is incorporated by reference into Item 8.01 of this Current Report on Form 8-K. Because the Company's financial statements as of and for the quarter ended December 31, 2024 have not yet been finalized or audited and remain subject to change, the Company's final results for such periods may differ materially from the unaudited preliminary financial information included in the Press Release. Accordingly, you should not place undue reliance on the unaudited preliminary financial information included in the Press Release.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release, dated January 23, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: January 23, 2025 By: /s/ Brooke Turk Name: Brooke Turk Title: Chief Financial Officer 2