• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XTI Aerospace Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202610290701PR_NEWS_USPR_____SF84249) on October 29, 2026, and is solely responsible for the information contained therein.