Core Insights - XTI Aerospace has made significant advancements in aircraft design and IP portfolio expansion, setting the stage for 2025 pre-orders and FAA certification [1][4] - The company views 2024 as a transformational year, establishing a strong foundation for long-term growth and leadership in regional VTOL aircraft [2][4] Business Highlights - The TriFan 600, XTI's flagship aircraft, is designed for vertical takeoff and landing, achieving speeds of 311 mph and a range of 985 miles, catering to both commercial and special mission markets [2][6] - In 2024, XTI Aerospace raised $24 million through equity offerings and expanded its leadership team, enhancing its corporate governance [5] - The company has initiated the FAA Type Certification process for the TriFan 600 and conducted a General Familiarization meeting with over 60 FAA representatives [5] Recent Developments and 2025 Outlook - XTI Aerospace plans to reopen pre-orders for the TriFan 600 later in 2025, aiming to strengthen industry partnerships and refine aircraft technology [4] - The company has filed a new U.S. patent application and a Patent Cooperation Treaty filing for proprietary innovations related to the TriFan 600, expanding its global IP portfolio [5] - Mesa Airlines has been announced as a purchaser of a conditional pre-order for up to 100 TriFan 600 airplanes, indicating customer growth and market interest [5]

Merger and Acquisition - The company completed a merger with Legacy XTI on March 12, 2024, resulting in a name change to XTI Aerospace, Inc.[18] - The merger is accounted for as a reverse acquisition, with Legacy XTI being the accounting acquirer, and the financial statements reflect this change[19] - XTI Aerospace completed a merger with Legacy XTI on March 12, 2024, with Legacy XTI as the accounting acquirer[18] - The merger is accounted for as a reverse acquisition, with the financial statements reflecting a continuation of Legacy XTI's results[19] Stock Split - A reverse stock split of 1-for-100 was executed on March 12, 2024, to comply with Nasdaq Listing Rule 5550(a)(2)[21] - A subsequent reverse stock split of 1-for-250 is planned for January 10, 2025, also for compliance with Nasdaq Listing Rule 5550(a)(2)[21] Financial Performance and Challenges - The company has a history of losses and faces challenges in achieving profitability and delivering non-prototype aircraft[13] - Future financial results and performance are subject to various risks and uncertainties that could materially impact outcomes[12] - Economic conditions, including inflation and supply chain challenges, may impact the company's performance and customer base[16] Development and Competition - The company is working on the TriFan 600 and must secure required certifications for its development and commercialization[13] - The company is exposed to emerging competition and rapidly advancing technologies in the aerospace industry[13] - Conditional pre-orders for aircraft may be canceled or modified, impacting future cash flows and operations[13] Regulatory and Legal Risks - The company must navigate regulatory complexities and maintain compliance with Nasdaq listing requirements[16] - The company is subject to potential lawsuits and regulatory investigations, including those from the SEC[16] - There are risks associated with the approval of future patent applications and the costs of protecting intellectual property[16] Operational Risks - The company faces risks related to long development cycles and dependence on third parties for aircraft components[16] - The company must manage the risks of maintaining quality control and customer confidence in its aircraft[16] - The ability to attract and retain qualified personnel is critical for the company's growth and operational success[16]

ENGLEWOOD, Colo., April 2, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA), a pioneer in VTOL and powered-lift aircraft solutions, today announced the launch of the XTI Aerospace Prototyping and Innovation Lab within The HIVE in Grand Forks, North Dakota. The HIVE is a one-of-a-kind hybrid business accelerator & incubator focused on vertical takeoff and landing (VTOL) and unmanned aircraft systems (UAS). XTI Aerospace Prototyping and Innovation Lab in Grand Forks, ND This new lab is designed to ...

When XTI commenced trading on Nasdaq on March 13, 2024, the day after I had been named CEO, XTI assumed post-merger obligations to the holders of equity-based or equity-linked financing instruments and commitments to pre-reverse merger management of approximately $30 million. The nature and size of these obligations significantly limited access to fundamentally minded capital, leaving our ability to meet these obligations and advance the business largely limited to our ability to sell our stock at-the-marke ...

About XTI Aerospace, Inc. ENGLEWOOD, Colo., March 31, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA), ("XTI" or the "Company"), a pioneer in VTOL and powered-lift aircraft solutions, today announced the closing of its underwritten public offering of 2,941,200 shares of common stock (or pre-funded warrants ("Pre-Funded Warrants") in lieu thereof) and warrants to purchase up to 2,941,200 shares of common stock at a combined public offering price of $1.36 per share (inclusive of the Pre-Funded Warrant ...

ENGLEWOOD, Colo., March 28, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA), ("XTI" or the "Company"), a pioneer in advanced aircraft design, today announced the pricing of an underwritten public offering of 2,941,200 shares of its common stock (or pre-funded warrants ("Pre-Funded Warrants") in lieu thereof) and warrants to purchase up to 2,941,200 shares of common stock at a combined public offering price of $1.36 per share (inclusive of the Pre-Funded Warrant exercise price) and associated warrant ...

Core Viewpoint - XTI Aerospace, Inc. plans to conduct an underwritten public offering of its common stock and warrants, subject to market conditions [1][2] Group 1: Offering Details - The offering will include shares of common stock and/or pre-funded warrants, with the proceeds primarily allocated for general working capital and repayment of outstanding secured promissory notes [2] - ThinkEquity is the sole book-running manager for the offering [2] - The securities will be offered under a shelf registration statement on Form S-3, which was filed with the SEC [3] Group 2: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, designed to reach speeds of 345 mph and a range of 700 miles [5] - The company also operates Inpixon, which specializes in real-time location systems technology for industrial applications [5]

Financial Performance and Liabilities - Total balance sheet liabilities as of December 31, 2024 were reduced compared to September 30, 2024[7] - The company's financial statements for the quarter ended December 31, 2024 are unaudited and subject to change, with final results potentially differing materially[8] Capital Raising and Stock Information - The company raised approximately $25,000,000 in gross proceeds from the sale of common stock under its "at-the-market" offering program since the end of the quarter ended March 31, 2024[7] - The company's common stock is traded under the symbol XTIA on the Nasdaq Capital Market[3] Business and Financial Updates - The press release dated January 23, 2025, provides updates on recent business and financial highlights[5]

Core Insights - XTI Aerospace has completed the flight deck mockup design for its TriFan 600, achieving a significant product and engineering milestone in Q1 2025 [1][2][3] Product Development - The full-scale mockup is essential for rapid prototyping and ergonomic evaluation, allowing collaboration with pilots to optimize cockpit elements such as control layout and vision angles [2][3] - The mockup aims to create a pilot-friendly environment, considering the dual flight modes of the TriFan 600 as both a fixed-wing aircraft and a helicopter [3] Engineering Milestones - XTI Aerospace outlined six core product and engineering milestones for Q1, including the downwash/outwash study and the upcoming launch of the "Sparrow" subscale working model in early Q2 [3] - Completed milestones include the flight deck mockup design, while ongoing tasks involve the Global Finite Element Model (GFEM) and other critical evaluations [5][7] Company Overview - XTI Aerospace is developing the TriFan 600, a vertical lift crossover airplane (VLCA) capable of vertical takeoff and landing (VTOL), with speeds of 345 mph and a range of 700 miles [6] - The company also operates Inpixon, which specializes in real-time location systems (RTLS) technology for industrial applications [6]

"The TriFan 600 continues to mature in its design, and in the case of the fuel system we expect to exceed our performance criteria target," said Dave Ambrose, VP of Engineering at XTI Aircraft. "We believe this latest fuel system design will significantly improve the maximum range and endurance of the vehicle." "Our engineering team continues to innovate while remaining laser-focused on our customers' missions," said Scott Pomeroy, Chairman and CEO of XTI Aerospace. "We believe the new fuel system is design ...