Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 332

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 332
---
 for conversion of debt and accrued interest 
    $9,612  
    $— 
  
    Common shares issued in exchange of warrants and cashless exercise of warrants and options 
    $1,983  
    $— 
  
    Deemed dividend related to December 2023 warrant exchange 
    $283  
    $— 
  
    Common shares issued as settlement of accrued compensation 
    $4,398  
    $— 
  
    Common shares issued as prepayment for services 
    $335  
    $— 
  
    Issuance of common stock for merger consideration, net of cash received 
    $22,637  
    $— 
  
    Right of use asset obtained in exchange for lease liability 
    $394  
    $— 
  
    Capital contribution - forgiveness of related party payable 
    $380  
    $— 
  
    Common shares issued in exchange of Series 9 preferred stock 
    $490  
    $— 
  
    Series 9 preferred stock dividend accrued 
    $606  
    $— 
  
    Deemed dividend related to Series 9 preferred stock exchange 
    $490  
    $— 
  
    Conversion of accrued interest to Series 9 preferred stock 
    $602  
    $— 
  
    Conversion of convertible note receivable to equity investment 
    $968  
    $— 
  
    ATM proceeds withheld as payment towards accounts payable 
    $129  
    $— 
  
    Warrants issued with convertible notes 
    $—  
    $967 
  
    Warrants issued with common stock 
    $—  
    $121 
  
    Reclassification of JV obligation to equity 
    $—  
    $5,583 
  
    Conversion of accrued interest to convertible note payable 
    $—  
    $807 

The
accompanying notes are an integral part of these consolidated financial statements

F-10

XTI
AEROSPACE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

Note 1
- Organization and Nature of Business

On
March 12, 2024 (the “Closing Date”), XTI Aerospace, Inc., the “Company”, formerly known as Inpixon (“Legacy
Inpixon”), Superfly Merger Sub