XTI Aerospace Reaches Non-Binding Agreement to Restructure $4.5 Million in Debt
Bitget2026/10/29 11:21- XTI Aerospace reached a nonbinding agreement to restructure approximately $4.5 million in outstanding principal and capitalized interest on Seller Notes.
- The promissory notes, issued for the Drone Nerds and Anzu Robotics acquisitions, defaulted on October 11, 2026.
- Proposed terms set annual interest at 8.5%, effective June 30, 2026, with monthly amortization over 60 months.
- All remaining principal and accrued interest would be due in a balloon payment on September 30, 2028.
- During the first 12 months, XTI could elect to pay interest in kind until the notes are repaid in full.
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