XTI Aerospace reaches non-binding agreement to restructure $4.5 million in debt
XTIA•XTI Aerospace reached a non-binding agreement to restructure approximately $4.5 million in principal and capitalized interest on Seller Notes that defaulted on October 11, 2026. Proposed terms include 8.5% annual interest, monthly amortization over 60 months and a balloon payment due September 30, 2028.
1. Proposed debt terms
The promissory notes were issued for the Drone Nerds and Anzu Robotics acquisitions. Under the proposed terms, 8.5% annual interest would apply effective June 30, 2026, with monthly amortization over 60 months. 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.
