Company: XTIA
Filing Date: 2025-10-27
Form Type: 8-K
Source: 0001213900-25-102373
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Company: XTI Aerospace, Inc.
Filing Date: 2025-10-27
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into a Material Definitive
Agreement.

On October 21, 2025 (the “ Issue
Date”), XTI Aerospace, Inc. (the “ Company”) made a $2 million strategic investment in Valkyrie Sciences Holdings LLC,
a Delaware limited liability company (“ Valkyrie”), through the purchase of a convertible promissory note (the “ Note”)
with an initial principal amount of $2 million issued by Valkyrie. Valkyrie and its affiliate Valkyrie Andromeda Corporation, a Delaware
corporation (“ Andromeda” and, together with Valkyrie, the “ Borrower”) are jointly and severally liable under the
Note.

Principal, Interest and
Maturity; No Prepayment Without the Company’s Consent. The outstanding principal amount, together with any accrued but unpaid
interest (the “ Remaining Balance”) is due and payable on December 31, 2026 (the “ Maturity Date”). Interest accrues
on the outstanding principal amount at the lesser of 10% per annum or the maximum rate permissible by law, and is payable on the Maturity
Date. After a Qualified Financing (as defined below) and if the Company does not elect to convert the Note, the Company may, prior to
the Maturity Date, elect to require the Borrower to pay the Remaining Balance of the Note within 60 days after the delivery of the election
notice to Valkyrie. Valkyrie may not prepay the Note prior to the Maturity Date without the Company’s written consent.