XTI Aerospace, Inc. announced that Leonard Oppenheim resigned from the Board of Directors of the company, including all committees thereof and any other positions held with the Company or any of its subsidiaries, effective as of March 31, 2024. Mr. Oppenheim?s resignation was for personal reasons and not due to any disagreement relating to the operations, policies or practices of the Company. As previously disclosed, and as contemplated by the terms of the Agreement and Plan of Merger, dated July 23, 2024 (as amended, the ?Merger Agreement?), by and between the Company (then known as Inpixon), Superfly Merger Sub Inc. (?Merger Sub?) and XTI Aircraft Company (?Legacy XTI?), as of the effective time (the ?Effective Time?) of the merger of Merger Sub with and into Legacy XTI, with Legacy XTI surviving the Merger as a wholly-owned subsidiary of the Company (the ?Merger?), the Company determined that the post-closing Board would consist of a total of five directors, and therefore, two of the directors are required to have been nominated by the Company, at least one of whom is an independent director.

Accordingly, the Board is currently comprised of two directors nominated by the Company prior to the Effective Time (Messrs. Kareem Irfan and Soumya Das) and two directors nominated by Legacy XTI prior to the Effective Time (Mr. Scott Pomeroy, who is also the Company?s Chief Executive Officer, and Mr. David Brody).