XTI Aerospace, Inc. (XTIA) Form 8-K — Oct 14, 2026
XTI Aerospace appointed Dr. Allan Evans, CEO of drone maker Unusual Machines (NYSE American: UMAC), as a director and Chairman of its Board effective October 14, 2026, filling a vacancy and returning the Board to five members. Jonathan Ornstein, previously Interim Chairman, was designated Vice Chairman. Evans brings deep drone-industry experience, having served as COO of Red Cat Holdings and CEO of Fat Shark, and his company Unusual Machines is a significant XTI shareholder, having bought $25.0 million of convertible preferred stock in November 2025 that now represents approximately 4.99% of outstanding common stock.
Key figures
- Preferred purchase
- $25.0 million for 25,000 Series 10 Convertible Preferred shares
- Director cash retainer
- $50,000 annually
- Umac ownership percent
- approximately 4.99%
- Drone nerds purchases since nov 2025
- approximately $1.1 million
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