Form 8-K

8-K — XTI Aerospace, Inc.

Accession: 0001213900-26-108698

Filed: 2026-10-13

Period: 2026-10-13

CIK: 0001529113

SIC: 7371 (SERVICES-COMPUTER PROGRAMMING SERVICES)

Item: Results of Operations and Financial Condition

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — ea0308411-8k_xtiaero.htm (Primary)

EX-99.1 — PRESS RELEASE, DATED OCTOBER 13, 2026 (ea030841101ex99-1.htm)

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION

13 OR 15(d) OF THE

SECURITIES EXCHANGE

ACT OF 1934

Date of Report (Date of earliest event reported):

October 13, 2026

XTI AEROSPACE, INC.

(Exact name of registrant as specified in its charter)

Nevada

001-36404

88-0434915

(State or other jurisdiction

of incorporation)

(Commission File Number)

(I.R.S. Employer

Identification No.)

511 East John W. Carpenter Freeway, Suite 500

Las Colinas, TX 75062

(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including

area code: (800) 680-7412

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K

is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b)

of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Common Stock

XTIA

The Nasdaq Capital Market

Indicate by check mark whether the registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities

Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check

mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting

standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On October 13, 2026, XTI Aerospace, Inc. (the

“Company”) issued a press release announcing, among other things, certain preliminary unaudited financial results for the

quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The preliminary financial results reflect the

Company’s preliminary estimates with respect to such results based on currently available information and are subject to completion

of the Company’s financial closing procedures. The Company’s financial closing procedures for the quarter ended June 30, 2026

are not yet complete and, as a result, its actual results may vary from the estimated preliminary results presented in the press release.

Accordingly, undue reliance should not be placed on these preliminary estimates. The Company undertakes no obligation to publicly update

or revise any of these preliminary estimates, whether as a result of new information, future events or otherwise, except as required by

law.

The information contained in this Item 2.02, including

Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act

of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section, or incorporated by reference

in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference

in such a filing.

Item 8.01 Other Events.

Completion of Internal Review

As previously disclosed in the Company’s

Notification of Late Filing on Form 12b-25 filed with the Securities and Exchange Commission on August 17, 2026, a committee of the Company’s

Board of Directors composed entirely of independent directors, as defined in the Nasdaq Stock Market listing standards (the “Committee”),

represented by independent counsel, initiated an internal review in July 2026 of matters relating to the Company’s former Chief

Executive Officer, who resigned on August 17, 2026, and other related corporate governance matters. The Committee has completed the internal

review.

Based on the internal review, the Company reported

that there were no financial misstatements discovered and are on track to report second quarter results later in October 2026.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.

Description

99.1†

Press Release, dated October 13, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

†

Furnished herewith.

SIGNATURE

Pursuant to the requirements

of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto

duly authorized.

XTI AEROSPACE, INC.

Date: October 13, 2026

By:

/s/ Brooke Turk

Name:

Brooke Turk

Title:

Chief Financial Officer

EX-99.1 — PRESS RELEASE, DATED OCTOBER 13, 2026

EX-99.1

Filename: ea030841101ex99-1.htm · Sequence: 2

Exhibit 99.1

XTI Aerospace Announces

Completion of Internal Review; On Track to File Quarterly Report on Form 10-Q By October 26, 2026

Provides Preliminary

Second Quarter Results and Update on 2026 Guidance

DALLAS, October 13, 2026

/PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) (“XTI Aerospace,” “XTI” or the “Company”),

an aerospace and advanced technology platform and parent company of Drone Nerds, LLC (“Drone Nerds”), a leading drone solutions

platform serving commercial, enterprise and government customers, today announced that its internal review, initiated in July 2026, has

been completed and the Company is on track to file its Form 10-Q by October 26, 2026.

“With the internal

review complete, I am happy to report that there were no financial misstatements discovered and we are on track to report our second quarter

results later this month,” said Jeremy Schneiderman, Interim CEO. “With this assessment behind us, we believe we are better

positioned to ensure that our corporate governance procedures meet the highest standards of compliance and transparency moving forward.

We appreciate the patience and support of our employees, partners, customers, and shareholders during this process as we build a best-in-class

governance structure.”

The internal review was overseen by a special

committee of independent directors of the Company’s Board of Directors (the “Special Committee”), with the assistance

of independent outside counsel. The Special Committee has reported to the Board of Directors on the completion of the review.

Consistent with its ongoing commitment to strong

corporate governance, the Company intends to implement, under the oversight of the Board of Directors, certain enhancements to its governance

framework, policies and procedures. The Board will continue to evaluate the Company’s governance practices and may adopt additional

measures as it deems appropriate.

Preliminary Second Quarter Results

The Company anticipates

reporting second quarter revenue of approximately $32.4 million, gross profit of approximately $5.6 million and loss from operations of

approximately $9.1 million.

The preliminary financial

information in this press release is unaudited, reflects management’s current estimates based on information available as of the

date of this press release, and remains subject to the completion of the Company’s financial closing procedures and the review of

the Company’s independent registered public accounting firm. The Company’s actual results for the second quarter may differ

from these preliminary estimates.

Update on 2026 Guidance

The Company is withdrawing

its previously issued 2026 financial guidance at this time and expects to provide a comprehensive update at a later date.

About XTI Aerospace,

Inc.

XTI Aerospace, Inc. (“XTI”)

(Nasdaq: XTIA), headquartered in Dallas, Texas, is focused on building a leading platform for commercial and government drone adoption

in the growing unmanned aircraft systems (“UAS”) industry. Through its subsidiary, Drone Nerds, LLC, XTI supports enterprise

and government customers in sectors including public safety, agriculture, construction, and energy across the drone program lifecycle,

from hardware sourcing and deployment to training, service, repair, and the Always Flying program. Its established U.S. customer base

and reputation as a trusted solutions provider position the company as a go-to-market partner for drone manufacturers and software developers

seeking to scale in the domestic market.

For more information

about XTI, please visit xtiaerospace.com and follow XTI on LinkedIn, Instagram, X, and YouTube.

Cautionary Statement Regarding Forward-Looking

Statements

Certain statements included in this press

release that are not historical facts (including any statements concerning plans and objectives of management for future operations or

economic performance, or assumptions or forecasts related thereto) are forward-looking statements within the meaning of Section 27A of

the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation

Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,”

“estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,”

“would,” “plan,” “project,” “forecast,” “predict,” “poised,” “positioned,”

“potential,” “seem,” “seek,” “future,” “outlook,” “target,” and

similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence

of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to,

(1) the timing and content of the Company’s updated 2026 guidance; (2) the timing of the filing of the Form 10-Q and subsequent

periodic reports; (3) the Company’s submission of a plan to regain compliance and Nasdaq’s acceptance of any such plan; (4)

the continued listing of XTI’s common stock on the Nasdaq Capital Market; (5) the Company’s planned governance, policy and

procedural enhancements and the timing and anticipated benefits thereof; and (6) the Company’s preliminary, unaudited financial

results for the second quarter. These statements are based on various assumptions and estimates, whether or not identified in this press

release, and on the current expectations of XTI’s management and are not predictions of actual performance. These forward-looking

statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as

a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult

or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of XTI. These forward-looking

statements are subject to a number of risks and uncertainties, including, but not limited to: changes in domestic and foreign business,

market, financial, political and legal conditions; XTI’s potential inability to file the Form 10-Q or subsequent periodic reports,

or to satisfy Nasdaq’s continued listing requirements; the risk that XTI’s common stock is suspended from trading or delisted;

the risk that additional information comes to XTI’s attention that affects its previously issued financial statements, its disclosure

controls and procedures or its internal control over financial reporting; the risk that XTI’s preliminary financial results change

upon completion of its financial closing procedures and the review of its independent registered public accounting firm; the risk that

XTI’s planned governance, policy and procedural enhancements are not implemented in a timely manner or do not achieve their intended

benefits; XTI’s expectation, as disclosed in its Notification of Late Filing on Form 12b-25 filed with the SEC on August 17, 2026,

that the Form 10-Q will disclose substantial doubt about XTI’s ability to continue as a going concern; XTI’s successful integration

of any products (including achievement of synergies and cost reductions); XTI’s ability to successfully and timely develop, sell

and expand its services, and otherwise implement its growth strategy; risks relating to XTI’s operations and business, including

information technology and cybersecurity risks, loss of requisite licenses, drone safety risks, loss of key customers and deterioration

in relationships between XTI and its employees; risks related to increased competition; risks relating to potential disruption of current

plans, operations and infrastructure of XTI, including as a result of the consummation of any acquisition; risks that XTI is unable to

secure or protect its intellectual property; risks that XTI experiences difficulties managing its growth and expanding operations; XTI’s

ability to compete with existing or new companies that could cause downward pressure on prices, fewer customer orders, reduced margins,

the inability to take advantage of new business opportunities, and the loss of market share; the ability to successfully select, execute

or integrate future acquisitions into XTI’s business, which could result in material adverse effects to operations and financial

conditions; and those factors discussed in the sections entitled “Risk Factors” and “Cautionary Statement Regarding

Forward-Looking Statements” included in XTI’s Annual Report on Form 10-K filed with the SEC on April 15, 2026 for the fiscal

year ended December 31, 2025 and in subsequent filings made by XTI with the SEC from time to time. If any of these risks materialize or

XTI management’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking

statements. The risks and uncertainties above are not exhaustive, and there may be additional risks that XTI presently does not know or

that XTI currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking

statements. In addition, forward-looking statements reflect XTI’s expectations, plans or forecasts of future events and views as

of the date of this press release. XTI anticipates that subsequent events and developments will cause XTI’s assessments to change.

However, while XTI may elect to update these forward-looking statements at some point in the future, XTI specifically disclaims any obligation

to do so. These forward-looking statements should not be relied upon as representing XTI’s assessments as of any date subsequent

to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements contained in this

press release.

Contacts:

General inquiries:

Email: contact@xtiaerospace.com

Web: https://xtiaerospace.com/contact

Investor Relations:

IR@xtiaerospace.com

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