XTI Aerospace Seeks to Restructure $4.5M Defaulted Seller Notes
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FORT LAUDERDALE – October 29, 2026 -- XTI Aerospace (Nasdaq: XTIA) has reached a non-binding agreement to restructure about $4.5 million in seller notes that went into default on October 11, 2026, extending maturity to September 30, 2028.
Notes tied to Drone Nerds and Anzu Robotics deals carry 8.5% interest
The notes were issued on November 10, 2025, in connection with the acquisitions of Drone Nerds, LLC and Anzu Robotics, LLC. The $4.5 million figure covers aggregate principal and capitalized interest still outstanding.
Under the non-binding term sheet, the notes will bear interest at 8.5% per annum, effective June 30, 2026, and amortize monthly over 60 months. A balloon payment of all remaining principal and accrued interest falls due on September 30, 2028.
