SEC Comment Letter 0000000000-24-013191 to XTI Aerospace, Inc. (XTIA)
XTI Aerospace, Inc.
Date: Nov. 27, 2024 · CIK: 0001529113 · Accession: 0000000000-24-013191
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-36404
Letter
November 27, 2024 Scott Pomeroy Chief Executive Officer XTI Aerospace, Inc. 8123 InterPort Blvd., Suite C Englewood, CO 80112 Re:XTI Aerospace, Inc. Preliminary Proxy Statement on Schedule 14A Filed November 22, 2024 File No. 001-36404 Dear Scott Pomeroy: We have reviewed your filing and have the following comments. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Preliminary Proxy Statement on Schedule 14A Proposal Three: The Authorized Share Increase Proposal, page 42 1.Please tell us whether you presently have any plans, proposals or arrangements to issue any of the newly authorized shares of common stock for any purpose, including future acquisitions and/or financings. If you do not, please disclose that you have no such plans, proposals, or arrangements, written or otherwise, at this time to issue any of the additional authorized shares of common stock. Proposal Five: The Potential Financing Issuances Proposal, page 52 2.Please revise your disclosure to include the information required by Item 13(a) of Schedule 14A pursuant to Item 11(e) of Schedule 14A.
November 27, 2024 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Matthew Crispino at 202-551-3456 or Jan Woo at 202-551-3453 with any other questions. Sincerely, Division of Corporation Finance Office of Technology cc:Blake Baron
Show Raw Text
November 27, 2024
Scott Pomeroy
Chief Executive Officer
XTI Aerospace, Inc.
8123 InterPort Blvd., Suite C
Englewood, CO 80112
Re:XTI Aerospace, Inc.
Preliminary Proxy Statement on Schedule 14A
Filed November 22, 2024
File No. 001-36404
Dear Scott Pomeroy:
We have reviewed your filing and have the following comments.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Preliminary Proxy Statement on Schedule 14A
Proposal Three: The Authorized Share Increase Proposal, page 42
1.Please tell us whether you presently have any plans, proposals or arrangements to
issue any of the newly authorized shares of common stock for any purpose, including
future acquisitions and/or financings. If you do not, please disclose that you have no
such plans, proposals, or arrangements, written or otherwise, at this time to issue any
of the additional authorized shares of common stock.
Proposal Five: The Potential Financing Issuances Proposal, page 52
2.Please revise your disclosure to include the information required by Item 13(a)
of Schedule 14A pursuant to Item 11(e) of Schedule 14A.
November 27, 2024
Page 2
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence
of action by the staff.
Please contact Matthew Crispino at 202-551-3456 or Jan Woo at 202-551-3453 with
any other questions.
Sincerely,
Division of Corporation Finance
Office of Technology
cc:Blake Baron