Company: XTIA
Filing Date: 2025-04-04
Form Type: 8-K
Source: 0001213900-25-029050
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Company: XTI Aerospace, Inc.
Filing Date: 2025-04-04
Form: 8-K
Item: Item 1.02
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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.