Company: XTIA
Filing Date: 2025-03-27
Form Type: 8-K
Source: 0001013762-25-003029
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Company: XTI Aerospace, Inc.
Filing Date: 2025-03-27
Form: 8-K
Item: Item 2.02
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Item 2.02 Results of Operations and Financial Condition.

XTI Aerospace, Inc. (the “ Company”)
estimates its total revenue for the three months and year ended December 31, 2024, to be approximately $1.0 million and $3.2 million,
respectively. The Company estimates its operating expenses for the three months and year ended December 31, 2024, to be approximately
$10.6 million and to $38.9 million, respectively. The Company estimates its cash and cash equivalents and outstanding debt balance as
of December 31, 2024, to be approximately $4.1 million and $2.7 million, respectively.

The Company is currently in
the process of finalizing its financial results for the quarter and year ended December 31, 2024 and, therefore, its actual results for
these periods are not yet available and have not been audited. The Company’s actual results may differ materially from the estimated
preliminary results set forth above and will not be finalized until after the Company completes its financial closing procedures. The
Company’s preliminary results set forth above reflect management’s best estimate of the impact of events during the year and
are based on the information currently available to the Company as of the date of this Current Report on Form 8-K. Accordingly, undue
reliance should not be placed on these preliminary estimates. The Company’s independent registered public accounting firm has not
conducted an audit or review of, and does not express an opinion or any other form of assurance with respect to, the estimated preliminary
results set forth above.

Additionally, the Company
estimates its cash and cash equivalents and outstanding debt balance as of the date of this Current Report on Form 8-K to be approximately
$10.5 million and $2.1 million, respectively.

The information in Item 2.02
of this Current Report on Form 8-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the “ Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific
reference in such a filing.

Item 4.01 Changes in Registrant’s Certifying
Accountant.

On November 1, 2024, CBIZ
CP