XTI Aerospace Inc (XTIA)

[BIOCHEMUP]

This could moon.

[TrendTrade2016]

XTIA...HAS A 34C MAGNET UP AHEAD

[BIOCHEMUP]

Interesting.

[Sunset Kid]

Corp Update video just posted...

[Monksdream]

XTIA new 52 week low

[quester614]

What a SCAM

[Monksdream]

XTIA new 52 week low

[tw0122]

.37 The Company is seeking withdrawal of the Registration Statement because it does not plan to pursue a public offering on a Form S-1 Registration Statement at this time. Because the proposed offering of the shares registered under the Registration Statement will not occur, the Company believes that the withdrawal of the Registration Statement is consistent with the public interest and the protection of investors, as contemplated by Rule 477(a) under the Securities Act. The Company confirms that no securities have been sold or will be sold pursuant to the Registration Statement.

[Monksdream]

XTIA new 52 week low

[Awl416]

XTI Aerospace Signs Capital Distribution Agreement for Proposed Investment of up to $55 Million at $275 Million Valuation

[quester614]

Nothing but dilution

[Monksdream]

XTIA new 52 week low

[Monksdream]

XTIA new 52 week low

[Monksdream]

XTIA new 52 week low

[Monksdream]

XTIA new 52 week low

[StockItOut]

Do you wonder why XTI is announcing Mesa as shareholder two plus years after it occurred?

XTI Aircraft Company (legacy XTI) bought its TriFan 600 orders, in exchange for XTI warrants and XTI debt as Convertible Notes.

As of December 31, 2021, we received orders for aircraft which generated $2,715,000 of cash from a combination of deposits and convertible notes.

The Company issued common stock warrants in connection with the execution of certain debt financings during the years ended December 31, 2022 and 2021, and in exchange for a conditional aircraft purchase order by a regional airline during 2022.

On February 2, 2022, the Company executed a conditional purchase order with a regional airline customer to deliver 100 TriFan aircraft. In conjunction with this purchase order, the Company issued a warrant for the purchase of a total of 6,357,474 shares of common stock at an exercise price of $0.01. The warrant vests as follows:

• One third (1/3rd) of the warrants vested on February 2, 2022 upon execution of the purchase order agreement;

• One third (1/3rd) of the warrants will vest: (i) in the event that the Company is acquired by a special purpose acquisition corporation (SPAC) and the customer, in its sole discretion, invests a minimum of $10 million in any private investment in public entity (PIPE) consummated in connection with such SPAC transaction, or (ii) upon the occurrence of any other Liquidation Event (as defined in the agreement) resulting in change control of the Company; and

• One third (1/3rd) of the warrants will vest upon acceptance of delivery and final purchase by the customer of the first TriFan aircraft.

As of December 31, 2022, warrants to purchase one-third or 2,119,137 shares were vested. The other two vesting milestones noted above have not yet been achieved. The Company evaluated the warrants determining the warrants are equity classified. Using the Black-Scholes model, the Company determined the grant-date fair value of the warrants was $11,067,091, which the vested portion of $3,652,140 has been recorded as general and administrative expense and additional paid-in-capital for the year ended December 31, 2022.

[Anite]

Do you want too hold your short position? Today conference and:If all conditions are met and the order is fully exercised, it could represent up to approximately $1 billion in revenue for XTI Aerospace. XTI Aerospace also announced that Mesa is an investor in XTI Aerospace, with warrants and a minority stake in common stock shares.

[quester614]

I Never did have any shares of this POS. Was in XERI when they did a JV with XTI. Now they have a BS lawsuit against XTI pre merger. Typical OTC BS. Mesa is a real holding company that may end up with no shares of XTI do to stipulations not being met. Same thing XERI lawsuit is over This has given MESA a boost in SP

Mesa Air Group, Inc. is a Nevada Corporation commercial aviation holding company with headquarters in Suite 700 at 410 North 44th Street in the Camelback East area of Phoenix, Arizona, United States. Wikipedia

Mesa initially received the XTI Warrants in February 2022 in connection with entering into an Aircraft Purchase Agreement with XTI for 100 TriFan 600 aircraft. Mesa’s obligations under the Aircraft Purchase Agreement are subject to customary conditions for transactions of this nature, including FAA certification of the aircraft and future agreement between the parties on a number of terms and conditions, which may or may not be met. Mesa currently holds warrants to purchase another 189,156 shares of XTI Aerospace common stock, which are subject to certain vesting milestones.
https://www.marketscreener.com/quote/stock/XTI-AEROSPACE-INC-46980239/news/XTI-Aircraft-Company-completed-the-acquisition-of-Inpixon-from-a-group-of-shareholders-in-a-reverse-46156923/

[Awl416]

MAYDAY

[tw0122]

Borger to 2.80s and now sell your shares until the next toxic financing

[wickerman]

$XTIA fka $INPX all hogwash toxic Ali finally diluted those bagholders under $1 their main business is selling shares.

[Smartypants2]

Trump used Borgers as well. They are a very large organizations with lots of clients. Not very good. XERI dropped them.

[quester614]

It looks like XTI started using Borgers around the time when the JV with XERI. WhileXERI started using them in 2019. Seems very coincidental to me.


BF Borgers CPA PC
We have served as the Company's auditor since 2021
Lakewood, CO July 7, 2022
https://www.sec.gov/Archives/edgar/data/1638850/000110465922077932/tm2213173d1_partii.htm

/s/ BF Borgers CPA PC
BF Borgers CPA PC
Served as Auditor since 2019
Lakewood, CO September 30, 2020
https://www.sec.gov/Archives/edgar/data/1481504/000147793220005677/banj_10k.htm

[quester614]

I see that the SEC is requiring XTI to file Financials for 2022 & 2023. I see that The audited consolidated financial statements of Legacy XTI for the fiscal year ended December 31, 2022 (the “2022 Audited Financial Statements”) were audited by BF Borgers CPA, PC (“Borgers”).


What are the odds that 2 companies that form a JV and talks of merger have the same CPA . Why did XERI let their CPA go recently when this audit occurred?? They had used the same one for their audits 2020-2023. Don't know when XTI started using them. Just the kind of things that me go HUMMMMMMMMM
I'm sure the replacement was planned and didn't have anything to do with the SEC. LOLOLOL


8-K CURRENT REPORT August 28, 2023
XERIANT, INC.
(a) Dismissal of Registered Public Accounting Firm
Effective August 28, 2023, the Company dismissed BF Borgers CPA PC (“Borgers”) as the Company’s independent registered public accounting firm. The decision to dismiss Borgers was approved by the Company’s Board of Directors.

Effective August 28, 2023, the Company engaged Accell Audit & Compliance, PA (“Accell”), as the Company’s new independent registered public accounting firm. The engagement was approved by the Company’s board of directors.

During the two most recent fiscal years ended June 30, 2021 and 2022, and through the subsequent interim period preceding the Company’s appointment of Accell, neither the Company nor anyone on its behalf, consulted Accell regarding either (i) the application of accounting principles to any specified transaction, either completed or proposed; (ii) the type of audit opinion that might be rendered on the Company’s financial statements, and no written report or oral advice was provided to the Company by Accell that was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue; or (iii) any matter that was either the subject of a disagreement (as defined in Item 304(o)(1)(iv)) or a reportable event (as defined in Item 304(a)(1)(v) of Regulation S-K).
https://www.sec.gov/Archives/edgar/data/1481504/000147793223006565/xeri_8k.htm





In connection with the XTI Merger, the Company is required to file an amendment to the Current Report on Form 8-K filed with the SEC on March 15, 2024 (the “8-K Amendment”), which 8-K Amendment will include, among other things, (i) the audited consolidated financial statements of Legacy XTI as of and for the years ended December 31, 2023 and 2022 and (ii) Legacy XTI’s Management’s Financial Discussion and Analysis of Financial Condition and Results of Operations for the years ended December 31, 2023 and 2022.



The audited consolidated financial statements of Legacy XTI for the fiscal year ended December 31, 2022 (the “2022 Audited Financial Statements”) were audited by BF Borgers CPA, PC (“Borgers”). On May 3, 2024, the SEC announced that it had settled charges against Borgers that it failed to conduct audits in accordance with the standards of the Public Company Accounting Oversight Board. As part of the settlement, Borgers agreed to a permanent ban on appearing or practicing before the SEC. As a result of Borgers’ settlement with the SEC, the Company’s current auditors, Marcum LLP, have agreed to review and re-audit the 2022 Audited Financial Statements in connection with the filing of the 2022 Audited Financial Statements with the 8-K Amendment. As a result, the Company may be delayed in filing the 8-K Amendment. If the 8-K Amendment is not timely filed, the Company may lose its S-3 eligibility for at least a 12-month period.

[StockItOut]

Gap filled.

[StockItOut]

It's at $2

[Smartypants2]

It gives me great pleasure to see Q & Stock fighting over who is the bigger jerk. I've gotta say, Q has the inside track. At least Stock has an occasional grip on reality.

[StockItOut]

Much more likely the other way around as the volume occurs in the normal session.

Gaps near always get filled.

[Jimmy Joe]

My grandma had a gap, but Ma never reverted to granny.
After hours goes up after being manipulated down.
I don't believe in gaps. Just me............

[StockItOut]

That's where the gap is.

[Jimmy Joe]

but looks like it's headed back to $2

Psssst, keep hoping. 🤣

[StockItOut]

Neither, but looks like it's headed back to $2.

[Jimmy Joe]

Short this ticker~? Oh well.

[StockItOut]

Wow. You're a hero. Good job saving the world like a socialist leftie you hate. You're an asset to the iHub community!

You'd say it, "Your a hero."
And, "Your an asset."
But google translate helps us lefties (lol) interpret newbie socialist converts like you. Thanks for signing up to save the world.

ditto lol.

maybe better to keep the XERI topics on that board. The XTIA topic to this board.

[quester614]

XERI is tied to XTI and I told you only have 3 post on XERI. New XTIA investors need to know this is a 12 year old SCAM also.

[StockItOut]

But you're here at XTIA board thinking its the XERI board, to help newbie XERI investors as you root for another's failure.

emotionally disturbed magademnnut

[quester614]

I gave your opinion some respect in the beginning before I realized what a left wing AH you are. I was pointing out things about this SCAM that you couldn't see. Right then I DUPED you into holding while I dumped my shares. You were so easily manipulated. I now understand why you have stayed in this POS.

I remember one of those saying I felt bad because I was going to expose this SCAM for what it was. Now I glad you didn't listen and stayed in.

[StockItOut]

"listened to what I was putting out." You first wrote to me via private message asking for my assistance with my opinion about Duffy and Xeriant, if something was off. You were duplicitous. without mention you were selling. Now you're on the XTIA board about it. You've won. And you act like you've lost huge demanding respect that's right there for you at home.

[quester614]

I made that because I spotted all the tells of this SCAM. Still think it's about you and debating your DA. No it's still about showing what a SCAM this is for those that listen to the PUMP on this board. Have stayed here because the more insults you and others hurled only made me more determined to prove I was right about this SCAM. Yea lets see how great you are when you lose your ass here. Oh wait that's already happened. Maybe you should have listened to what I was putting out. You might not have become such a big loser.

[StockItOut]

No, I say it because you appropriate, and come off like you came up with ideas and understanding that you then use to claim how great you are. A true chump.

You never said Xeriant would get any equity. See how you change up? You said stock. I said equity.

You're a nut man. You tell me off, yet then still want to debate a contract clause.

You won $1M here on XERI, and you're still losing. Check yourself dude.

Kiss your wife, and be thankful.

[StockItOut]

Right about what? What is it you need to win to be right about?

[StockItOut]

I know how to read and understand Section 5,2.

You read it and make sh't up from it.

You don't even know XTI Aircraft owes Xeriant $5.4 Million dollars.

You don't even know XTI Aircraft has stated it owes Xeriant $5.4 Million dollars in its stock.

Being a financial liability, cash works too.

In this case the equity = cash.

Whether XTI Aircraft pays its liability... that's where you come in. But you ignore everything else. Too proud to think.

Fact.

[quester614]

You were the one that had to try and elevate yourself by saying you point this and that out first. When most of the time it was BS since I've been saying this is a SCAM for 2 1/2 years. When I started saying XERI would NEVER get any XTI equity. Cash is not XTI equity. They will never get any of that from XTI either. You finally understand I was correct and now also call this a SCAM with exceptions. LOLOLOL I brought DD to back it up that you admitted exposed this SCAM. What have you added other than your lame interpretations thinking you're the only one that can correctly interpret the ambiguous wording in XERI filings.

With all the changes you claim were made to the JV contract to make your lame successful senario true. How could anybody not think they were DUPED into believing a bunch of BULLSHIT. OH that's right you think it's a SCAM except for the XTI JV.
Like this clause that was inserted but had no bearing on how this dispute was to be settled. Like all the other clauses of the JV that was to give the investor the ability to evaluate the risk. How can that be done when so many changes are made. Could it be because it's a SCAM???? REDUNDANT I guess Duffy couldn't win in arbitration and by no means drag this out as long. Why didn't XTI ask for it, they knew they would win in court. Neither ask for it because they are working together to drag this out. XTI had to do something for Duffy to earn their money.

8.3????????????Mediation and Arbitration. Any Dispute that is not resolved through section 8.2 shall be, upon the demand of either Party, subject to a non-binding mediation proceeding before a mediator in accordance with the American Arbitration Association (AAA) Mediators Model Standards of Conduct with such mediator to be agreed upon by the Parties. If a mediator is not agreed upon or if mediation is not successful, the matter shall be settled exclusively by arbitration, conducted before a single arbitrator mutually selected by the parties, in the State of Delaware, in accordance with the rules of the AAA then in effect. If the Parties are unable to agree on a single arbitrator, each Party shall select an arbitrator and the two arbitrators selected by the Parties shall select a third arbitrator. If three arbitrators are selected, they shall act by majority vote. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. Each Party shall bear their own costs and expenses of any such mediation or arbitration proceeding and shall split evenly any common costs; provided, however, that if the dispute concerns the issue of default as defined herein by one party, the non-prevailing Party (as determined by the arbitration) shall pay for all of the prevailing Party’s costs and expenses, including legal fees relating to such mediation or arbitration proceeding.

[quester614]

We'll see soon enough who is right about this POS. I told SP way back when we bet that cash was not the same as equity. That was for your DA benefit since you need help understanding that fact.

[quester614]

Itis a big deal since they were in DEFAULT from the beginning.

[quester614]

No I back up my claim that you don't know SHIT CS

[StockItOut]

Didn't realize we're competing. I don't care if Xeriant receives its stock for XERI stock price purposes, as you incorrectly impose and presume, that's only your claim, trying to make yourself a bigger a whole, your central concern.

I know what XTI Aircraft's liability to Xeriant is, cash or stock equity, one in the same for this liability to be satisfied.

That fact, you refuse to acknowledge.

[StockItOut]

Right, you're still asking, you don't know. Financials for both companies show a lessor initial payment was made by Xeriant to the JV. Big deal. Small issue you make as if a big deal, but only to claim nefarious action you still only guess about as fact.

[StockItOut]

You had to 'school me' by looking it up first. LOL. Hateful C!

Cash for stock. In this deal interchangeable. Stock liability as cash equivalent, and if no stock provided then cash equivalent as XTI's liability.

[quester614]

You are the one who doesn't know the DIFFERENCE between CASH & EQUITY. Not the first time I have had to school you. Soon to get a good lesson on how this SCAMs was run by Duffy & CREW when they lose the lawsuit and end up with NOTHING

What Is the Difference Between Cash and Equity? The difference between cash and equity is that cash is a currency that can be used immediately for transactions. That could be buying real estate, stocks, a car, groceries, etc. Equity is the cash value for an asset but is currently not in a currency state.
https://www.investopedia.com/terms/c/cash-equity.asp#:~:text=What%20Is%20the%20Difference%20Between,not%20in%20a%20currency%20state.
Cash or currency
What is currency in simple words?
Money in the form of paper or coins, issued by a government and accepted at face value, is known as currency. In bartering, goods and services were exchanged directly for other goods and services . Currency has replaced bartering as the primary means of exchanging goods and services in the modern world.