XTI Aerospace, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by XTI Aerospace, Inc. (Nasdaq: XTIA) on June 26, 2026. The filing reports a material change in the company's principal independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the change in auditors and does not contain financial statement data.
Material Changes
- Accountant Dismissal: CBIZ CPAs P.C. was dismissed as the company's principal accountants effective June 26, 2026.
- New Appointment: KPMG LLP was engaged as the new principal accountants.
- Approval: The decision was approved by the Audit Committee of the Board of Directors.
- Recent History: Marcum LLP was previously dismissed on April 15, 2025, and CBIZ was appointed at that time.
Management Commentary, Risks, and Contingencies
Disagreements and Reportable Events: The company states there were no disagreements with CBIZ regarding accounting principles, financial statement disclosures, or auditing scope during the period from April 15, 2025, through June 26, 2026. Additionally, no reportable events occurred during this tenure.
Audit Opinion: The audit report issued by CBIZ for the fiscal year ended December 31, 2025, was unqualified and did not contain any adverse opinions, disclaimers, or modifications regarding uncertainty, scope, or accounting principles.
Consultation with New Auditor: During the fiscal years ended December 31, 2025 and 2024, and the interim period through June 26, 2026, the company did not consult KPMG regarding accounting principles or potential audit opinions, nor were there any disagreements or reportable events with KPMG.
Investor Verification Checklist
- Verify the attached letter from CBIZ (Exhibit 16.1) confirming their agreement with the company's statements regarding the dismissal.
- Review the rationale for the second auditor change within 14 months (Marcum to CBIZ in April 2025, CBIZ to KPMG in June 2026).
- Monitor upcoming filings for the initial audit report from KPMG to ensure continuity in financial reporting standards.
- Check for any subsequent disclosures regarding the transition of audit responsibilities and potential impacts on future filing timelines.