4//SEC Filing
Pomeroy Scott 4
Accession 0001213900-24-022760
CIK 0001529113other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 8:48 PM ET
Size
8.6 KB
Accession
0001213900-24-022760
Insider Transaction Report
Form 4
Pomeroy Scott
DirectorChief Executive Officer
Transactions
- Award
Option (right to buy)
2024-03-12+535→ 535 totalExercise: $18.71Exp: 2032-12-31→ Common Stock (535 underlying) - Award
Common stock
2024-03-12+357,039→ 357,039 total
Footnotes (3)
- [F1]Received in connection with Inpixon's ("Parent") business combination transaction (the "Merger") with XTI Aircraft Company ("Legacy XTI") in accordance with the terms of the Agreement and Plan of Merger, dated as of July 24, 2023, by and among Parent, Legacy XTI and Superfly Merger Sub Inc. (the "Merger Agreement"). Pursuant to the Merger Agreement, at the effective time of the Merger (as amended, the "Effective Time"), each share of legacy XTI common stock was converted into the right to receive 0.0892598 shares of Parent's common stock, At the Effective Time, Parent changed its name to XTI Aerospace, Inc.
- [F2]At the Effective Time, each option to purchase Legacy XTI common stock was assumed by Parent and converted into an option to purchase the number of shares of Parent's common stock (rounded down to the nearest whole number) that is equal to the number of shares of Legacy XTI common stock subject to the unexercised portion of such option immediately prior to the Effective Time multiplied by 0.0892598. The per share exercise price for the shares of Parent common stock issuable upon exercise of such option was set to the exercise price per share of such option in effect immediately prior to the Effective Time multiplied by 0.0892598 (rounded up to the nearest whole cent).
- [F3]These options were exercisable as of the Effective Time.
Documents
Issuer
XTI Aerospace, Inc.
CIK 0001529113
Entity typeother
Related Parties
1- filerCIK 0001297880
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 8:48 PM ET
- Size
- 8.6 KB