Company: XTIA
Filing Date: 2025-10-10
Form Type: DEF 14A
Source: 0001213900-25-098157
Chunk: 76

Company: XTI Aerospace, Inc.
Filing Date: 2025-10-10
Form: DEF 14A
Chunk 76
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 engaged as the Company’s independent registered public accounting firm in April 2025. Stockholder ratification of the selection of CBIZ as our independent registered public accounting firm is not required by our Bylaws or the Nevada Revised Statutes (“NRS”). The Board seeks such ratification as a matter of good corporate practice. Should the stockholders fail to ratify the selection of CBIZ as our independent registered public accounting firm, the Board will reconsider whether to retain that firm for fiscal year 2025. Change in Certifying Accountant On November 1, 2024, CBIZ acquired the attest business of Marcum LLP (“Marcum”), our independent registered public accounting firm for the fiscal year ended December 31, 2024. As a result of CBIZ’s acquisition of the Marcum attestation business, on March 24, 2025, the Company was notified by Marcum that Marcum would resign effective immediately upon the filing of the Annual Report. On March 24, 2025, the Audit Committee of the Board approved the engagement of CBIZ as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, subject to the effectiveness of Marcum’s resignation upon the filing of the Annual Report and the execution of an engagement letter by the Company and CBIZ. Subsequent to the filing of the Annual Report, on April 21, 2025, the Company and CBIZ entered into an engagement letter. Accordingly, CBIZ’s appointment as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025 was effective April 21, 2025. The report of Marcum regarding the Company’s consolidated financial statements for the fiscal years ended December 31, 2024 and 2023 did not contain any adverse opinion or disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles, except for the inclusion of an explanatory paragraph regarding the substantial doubt about the Company’s ability to continue as a going concern. During the years ended December 31, 2024 and 2023, and through March 24, 2025, the date Marcum informed the Company of their resignation, there were (a) no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S -Kand the related instructions) with Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the