XTI Aerospace Inc. filed SEC Form 8-K: Termination of a Material Definitive Agreement, Financial Statements and Exhibits
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Item 1.02 Termination of a Material Definitive Agreement.
On March 31, 2025, in connection with closing of the firm commitment underwritten public offering (the “Offering”) pursuant to the terms of that certain Underwriting Agreement, dated March 28, 2025, by and between XTI Aerospace, Inc. (the “Company”) and ThinkEquity LLC, the Company used $2,719,456.85 of the net proceeds from the Offering to repay in full all outstanding principal and accrued and unpaid interest as well as the prepayment premium and other fees due under two secured promissory notes (the “Notes”) issued by the Company to Streeterville Capital, LLC (“Streeterville”) on May 1, 2024 and May 24, 2024. In connection with the Company’s repayment of the Notes, Streeterville released all security interests and other liens held as security in connection with the Notes.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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: April 4, 2025 | By: | /s/ Brooke Turk |
| Name: | Brooke Turk | |
| Title: | Chief Financial Officer | |
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