David E. Brody Acquires 10.3% Stake in XTI Aerospace

TL;DR

**BRODY TAKES 10.3% IN XTI!**

AI Summary

David E. Brody, through the 2019 Spousal Trust and the 2019 Trust, has acquired beneficial ownership of 10,000,000 shares of XTI Aerospace, Inc. common stock, representing approximately 10.3% of the outstanding shares, as of March 19, 2024. This filing indicates a significant stake by Brody in the company, which was formerly known as Inpixon and Sysorex Global.

Why It Matters

This filing signals a substantial investment by a key individual, potentially influencing the company's strategic direction or future corporate actions.

Risk Assessment

Risk Level: medium — Significant ownership changes can lead to increased volatility and potential shifts in company control or strategy.

Key Numbers

• 10,000,000 — Shares Owned (Represents a significant stake in XTI Aerospace.)
• 10.3% — Ownership Percentage (Indicates substantial influence or interest in the company.)

Key Players & Entities

• David E. Brody (person) — Acquiring beneficial ownership
• XTI Aerospace, Inc. (company) — Subject company
• 10,000,000 shares (dollar_amount) — Number of shares beneficially owned
• 10.3% (dollar_amount) — Percentage of outstanding shares
• March 19, 2024 (date) — Date of filing and change
• 2019 Spousal Trust (company) — Group member holding shares
• 2019 Trust (company) — Group member holding shares

FAQ

Key Financial Figures

• $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class o
• $922,957 — , pursuant to which Mr. Brody converted $922,957 principal amount of the Brody Note, and
• $0.3094 — shares of XTI common stock at a rate of $0.3094 in principal amount per share, and agre
• $175,000 — d agreed to pay Mr. Brody the remaining $175,000 in principal amount due under the Brody

Filing Documents

• ea0202124-13dbrody_xtiaero.htm (SC 13D) — 126KB
• 0001213900-24-024120.txt ( ) — 128KB

Business

Business Combination On July 24, 2023, Inpixon, a Nevada corporation (“Inpixon”), entered into an Agreement and Plan of Merger (as amended, the “Merger Agreement”) by and among Inpixon, Superfly Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of Inpixon (“Merger Sub”), and XTI Aircraft Company, a Delaware corporation (“XTI”). Upon closing, Merger Sub merged with and into XTI, with XTI surviving the merger as a wholly-owned subsidiary of Inpixon, which was renamed XTI Aerospace, Inc. (such transactions are referred to herein as the “Merger”). Pursuant to the Merger Agreement, at the effective time of the Merger (the “Effective Time”), (i) each share of XTI common stock issued and outstanding immediately prior to the Effective Time converted into the right to receive a number of shares of Common Stock of the Issuer at a ratio of 1-to-0.0892598. CUSIP No. 98423K108 13D Page 6 of 8 pages The description of the Merger Agreement contained in this Item 4 is not intended to be complete and is qualified in its entirety by reference to such agreement, which is filed as an exhibit hereto and incorporated by reference herein. General The Reporting Persons acquired the securities described in this Schedule 13D in connection with the closing of the Merger and intend to review their investments in the Issuer on a continuing basis. Any actions the Reporting Persons might undertake may be made at any time and from time to time without prior notice and will be dependent upon such Reporting Person’s review of numerous factors, including, but not limited to: an ongoing evaluation of the Issuer’s business, financial condition, operations and prospects; price levels of the Issuer’s securities; general market, industry and economic conditions; the relative attractiveness of alternative business and investment opportunities; and other future developments. The Repo

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this Date : March 19, 2024 DAVID BRODY By: /s/ David Brody Name: David Brody JASON S BRODY 2019 TRUST By: /s/ David Brody Name: David Brody Title: Trustee DAVID E BRODY 2019 SPOUSAL TRUST By: /s/ Susan Brody Name: Susan Brody Title: Trustee 8 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of them of a statement on Schedule 13D (including amendments thereto) with respect to the common stock, par value $.001 per share, of XTI Aerospace, Inc., and further agree that this Joint Filing Agreement be included as Exhibit A. In evidence thereof, the undersigned hereby execute this Joint Filing Agreement as of March 19, 2024. DAVID BRODY By: /s/ David Brody Name: David Brody JASON S BRODY 2019 TRUST By: /s/ David Brody Name: David Brody Title: Trustee DAVID E BRODY 2019 SPOUSAL TRUST By: /s/ Susan Brody Name: Susan Brody Title: Trustee

View Full Filing

View this SC 13D filing on SEC EDGAR