XTI Aerospace (NASDAQ: XTIA) adds Drone Nerds, Anzu pro forma data
Rhea-AI Filing Summary
XTI Aerospace, Inc. filed a current report to share updated financial details related to its previously completed acquisitions of Drone Nerds, LLC and Anzu Robotics, LLC. The filing provides unaudited condensed consolidated financial statements of Drone Nerds, Inc. as of September 30, 2025 and for the nine months ended September 30, 2025 and 2024.
The report also includes unaudited pro forma condensed combined financial information for XTI Aerospace as of and for the nine months ended September 30, 2025, giving effect to the acquisitions. This updated financial information is intended to be available for incorporation into any registration statements or amendments the company may file.
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FAQ
What did XTI Aerospace (XTIA) disclose in this 8-K filing?
XTI Aerospace disclosed updated financial information related to its acquisitions of Drone Nerds, LLC and Anzu Robotics, LLC, including unaudited acquired-business statements and pro forma combined results.
Which businesses are covered by the updated financial information for XTIA?
The updated financial information covers Drone Nerds, Inc. (formerly Drone Nerds, Inc. before its conversion to an LLC) and reflects the completed acquisitions of Drone Nerds, LLC and Anzu Robotics, LLC.
What specific financial statements did XTI Aerospace file for Drone Nerds?
The company filed unaudited condensed consolidated financial statements of Drone Nerds, Inc. as of September 30, 2025 and for the nine months ended September 30, 2025 and 2024, included as Exhibit 99.1.
What pro forma financial information did XTI Aerospace provide?
XTI Aerospace provided unaudited pro forma condensed combined financial information, including a balance sheet as of September 30, 2025 and a statement of operations for the nine months ended September 30, 2025, giving effect to the acquisitions.
Why is XTI Aerospace providing this updated acquisition financial information?
The updated financial information is being provided so it can be incorporated by reference into any registration statements or amendments that XTI Aerospace may file with the SEC.
Does this 8-K change the previously disclosed terms of the Drone Nerds and Anzu acquisitions?
No. The filing states that, except for the updated financial information provided, the disclosures made in the prior November 2025 8-K about the acquisitions remain unchanged.
Where can investors find the detailed financial exhibits mentioned in the XTIA 8-K?
The unaudited Drone Nerds financial statements are filed as Exhibit 99.1, and the unaudited pro forma condensed combined financial information of XTI Aerospace is filed as Exhibit 99.2 (and referenced in Item 9.01).