XTI Aerospace Files 2024 Proxy Statement
Ticker: XTIA · Form: DEF 14A · Filed: Dec 3, 2024 · CIK: 1529113
Sentiment: neutral
Topics: proxy-statement, annual-meeting, corporate-governance
TL;DR
XTI Aerospace just dropped its 2024 proxy statement - shareholders, get ready to vote!
AI Summary
XTI Aerospace, Inc. filed a DEF 14A proxy statement on December 3, 2024, for the fiscal year ending December 31, 2024. The filing provides information related to the company's annual meeting and corporate governance. XTI Aerospace, Inc. is incorporated in Nevada and headquartered in Englewood, Colorado.
Why It Matters
This filing is crucial for shareholders as it outlines the agenda for the annual meeting, details executive compensation, and provides information on director nominations, enabling informed voting decisions.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) that provides information to shareholders and does not inherently introduce new risks.
Key Players & Entities
- XTI Aerospace, Inc. (company) — Registrant
- 0001213900-24-105041 (filing_id) — Accession Number
- 20241203 (date) — Filing Date
- 20241227 (date) — Period of Report
- 8123 INTERPORT BLVD (address) — Business Address
- ENGLEWOOD (location) — City
- CO (location) — State
- 80112 (zip_code) — Business Zip Code
FAQ
What is the primary purpose of this DEF 14A filing?
The primary purpose of this DEF 14A filing is to provide shareholders with information for the company's annual meeting, including details on executive compensation, director nominations, and other corporate governance matters.
When was this filing submitted to the SEC?
This filing was submitted to the SEC on December 3, 2024.
What is the reporting period for this proxy statement?
The conforming period of report for this proxy statement is December 27, 2024.
Where is XTI Aerospace, Inc. headquartered?
XTI Aerospace, Inc. is headquartered in Englewood, Colorado.
What is the Standard Industrial Classification (SIC) code for XTI Aerospace, Inc.?
The Standard Industrial Classification (SIC) code for XTI Aerospace, Inc. is 7371, which falls under SERVICES-COMPUTER PROGRAMMING SERVICES.
Filing Stats: 4,159 words · 17 min read · ~14 pages · Grade level 13.9 · Accepted 2024-12-03 16:05:11
Key Financial Figures
- $0.001 — ompany’s common stock, par value $0.001 per share (the “Common Stock
- $15,000 — g a fee for these services estimated at $15,000 plus expenses for, among other things,
Filing Documents
- ea0223159-03.htm (DEF 14A) — 1259KB
- txtilogo_001.jpg (GRAPHIC) — 81KB
- tbarchart_001.jpg (GRAPHIC) — 262KB
- tbarchart_002.jpg (GRAPHIC) — 271KB
- tproxy_001.jpg (GRAPHIC) — 1205KB
- tproxy_002.jpg (GRAPHIC) — 815KB
- 0001213900-24-105041.txt ( ) — 4891KB
Executive Compensation
Executive Compensation   17
Security Ownership of Certain Beneficial Owners And Management
Security Ownership of Certain Beneficial Owners And Management   31 Certain Relationships and Related Party Transactions   33 Proposal One — The Director Election Proposal   40 Proposal Two — The Auditor Ratification Proposal   41 Report of the Audit Committee   43 Proposal Three — The Authorized Share Increase Proposal   44 Proposal Four — The Reverse Split Proposal   47 Proposal Five — The Potential Financing Issuances Proposal   55 Proposal Six — The Adjournment Proposal   57 Requirements for Advance Notification of Nominations and Stockholder Proposals   58 Other Matters   59 i Table of Contents EXPLANATORY NOTE On March 12, 2024, the Company (formerly known as Inpixon), Superfly Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“Merger Sub”), and XTI Aircraft Company, a Delaware corporation (“Legacy XTI”), completed a merger transaction pursuant to that certain Agreement and Plan of Merger (the “XTI Merger Agreement”), dated as of July 24, 2023 and amended on December 30, 2023 and March 12, 2024, whereby Merger Sub merged with and into Legacy XTI with Legacy XTI surviving the merger as a wholly -owned subsidiary of the Company (the “XTI Merger”). In connection with the closing of the XTI Merger, we changed our corporate name to “XTI Aerospace, Inc.” Except as otherwise indicated herein or as the context otherwise requires, references in this Proxy Statement to “XTI Aerospace,” the “Company,” “we,” “us,” “our” and similar terms refer collectively to XTI Aerospac