XTI Aerospace, Inc. announced that it has entered into security purchase agreement that it will issue a convertible bridge note in an aggregate principal amount of $3,000,000 and a five-year bridge note warrant to purchase 1,096,321 shares of Damon common stock for the aggregate gross proceeds of $3,000,000 on October 26, 2023. If the Business Combination is consummated, the Bridge Note will be converted into Spinco Common Shares and the Bridge Note Warrant will become exercisable for Spinco Common Shares.
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