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Agreement signedPublished 24 Jun 2024

XTI Aerospace, Inc. /
Damon Motors Inc.

XTI Aerospace Amends Business Combination Agreement With Damon Motors

Buy side: XTI Aerospace, Inc.
Buy sideXTI Aerospace, Inc.
Target: Damon Motors Inc.
TargetDamon Motors Inc.
Source · 24 Jun 2024Source-verified
See the source
Buy side: XTI Aerospace, Inc.
Buy sideXTI Aerospace, Inc.
Target: Damon Motors Inc.
TargetDamon Motors Inc.
01 / BuyerXTI Aerospace, Inc.
02 / TargetDamon Motors Inc.
Source-verified
01

What happened

XTI Aerospace, Inc. and Damon Motors Inc. amended their business combination agreement on June 18, 2024. The agreement provides for Damon and Amalco Sub to amalgamate, with the resulting company continuing as a wholly owned subsidiary of Spinco.

The amendment extends the agreement’s termination date to Sept. 30, 2024, and requires Damon to issue shares to XTI Aerospace, Inc. before closing.

02

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XTI Aerospace Amends Business Combination Agreement With Damon Motors

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