Company: XTIA
Filing Date: 2025-03-27
Form Type: 8-K
Source: 0001013762-25-003029
Chunk: 1

Company: XTI Aerospace, Inc.
Filing Date: 2025-03-27
Form: 8-K
Item: Item 2.02
Chunk 1
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As P. C. (“ CBIZ”) acquired the attest business of Marcum LLP (“ Marcum”). As a result of the acquisition of the
Marcum attestation business, on March 24, 2025, the Company was notified by Marcum that Marcum will resign effective immediately upon
the filing of the Company’s Form 10-K for the fiscal year ended December 31, 2024. On March 24, 2025, the Audit Committee of the
Company’s Board of Directors 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 execution of an engagement letter by the Company and CBIZ.

The report of Marcum regarding
the Company’s consolidated financial statements for the fiscal year ended December 31, 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-K and 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 satisfaction of
Marcum, would have caused Marcum to make reference to such disagreement in its report and (b) no “reportable events” (as defined
in Item 304(a)(1)(v) of Regulation S-K and the related instructions), except for the identified material weaknesses in the Company’s
internal control over financial reporting as disclosed in the Company’s Quarterly Reports on Form 10-Q for the quarterly periods
ended March 31, 2024, June 30, 2024 and September 30, 2024.

During the fiscal years ended
December 31, 2024 and 2023 and through March 24, 2025, the date Marcum informed the Company of their resignation, neither the Company
nor anyone on the Company’s behalf consulted with CBIZ regarding (i) the application of accounting principles to a specific completed
or contemplated transaction or regarding the type of audit