XTI Aerospace Successfully Completes Restructuring of Approximately $4.7 Million of Promissory Notes and Secures Waiver and Amendment of Revolving Credit Facility with JPMorgan Chase Bank, N.A.
Key Highlights
- ➤$4.7 million Seller Notes restructured with extended maturity and revised repayment terms
- ➤$20 million JPMorgan revolving credit facility receives cross-default waiver and amendment
- ➤XTI says revised debt structure provides additional financial flexibility
- ➤10-Q details on the restructuring and credit facility amendment will follow
XTI Aerospace Successfully Completes Restructuring of Approximately $4.7 Million of Promissory Notes and Secures Waiver and Amendment of Revolving Credit Facility with JPMorgan Chase Bank, N.A. PR Newswire
FORT LAUDERDALE, Fla., Nov. 12, 2026 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace," "XTI," or the "Company"), parent company of Drone Nerds, LLC, ("Drone Nerds"), a leading drone solutions platform serving commercial, enterprise and government customers, today announced the successful completion of an agreement to restructure and amend the terms of certain promissory notes issued on November 10, 2025 in connection with the acquisitions of Drone Nerds, LLC and Anzu Robotics, LLC (the "Seller Notes").
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