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

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 15
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 an Agreement and Plan of Merger (amended on December 30, 2023 and March 12, 2024, the “XTI Merger
Agreement”) by and among us, Superfly Merger Sub Inc., a Delaware corporation and our then wholly-owned subsidiary (“Merger
Sub”), and XTI Aircraft Company, a Delaware corporation (“Legacy XTI”). Pursuant to the XTI Merger Agreement, on March
12, 2024 (the “Closing Date”), Merger Sub merged with and into Legacy XTI (the “XTI Merger”), with Legacy XTI
surviving the XTI Merger as our wholly-owned subsidiary. Following the effective time of the XTI Merger (the “Effective Time”)
on the Closing Date, we amended our articles of incorporation to change our name from “Inpixon” to “XTI Aerospace,
Inc.” and the combined company opened for trading on the Nasdaq Capital Market on March 13, 2024 under the new ticker symbol “XTIA”.

Immediately prior to the Effective
Time, we effected a 1-for-100 reverse split of our outstanding shares of common stock.

Corporate
Information

We
currently have two direct, wholly-owned operating subsidiaries: XTI Aircraft Company, based in Englewood, Colorado (at our corporate
headquarters), and Inpixon GmbH (previously Nanotron Technologies GmbH), based in Berlin, Germany. IntraNav GmbH, based in Eschborn,
Germany (“IntraNav”), is an indirect subsidiary of the Company and the wholly-owned subsidiary of Inpixon GmbH.

Our
principal executive offices are located at Centennial Airport at 8123 InterPort Blvd., Suite C, Englewood, Colorado 80112. This facility
houses our principal executive office, finance, and other administrative activities, although our employees and consultants mostly work
remotely. Our engineers are working remotely throughout the U.S.

We
believe that our facility in Colorado meets our needs for the immediate future. During 2024, we commenced a site selection process to
identify a facility located at an airport within the continental U.S. that will allow us to consolidate engineers and other administrative
employees, perform flight simulations, perform propulsion rig and prototype flight tests, and potentially expand to a full production
site with a facility for pilot training. It is not yet determined whether our corporate headquarters will change from the current location
at Centennial Airport.

Our
telephone number is (800