ENGLEWOOD, Colo., June 11, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, named Stephen (Steve) Griessel, former Group CEO of Paramount Group Ltd., to its Corporate Advisory Board. His addition follows growing recognition of VTOL aircraft as a national strategic priority, as highlighted in President Trump's recent executive order."Steve brings deep aerospace and defense experience as well as a global mindset," said Scott Pomeroy, CEO ...

Ft. Worth, TX, CBO selected for TriFan 600 Type CertificationENGLEWOOD, Colo., May 27, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the Federal Aviation Administration ("FAA") has selected the Ft. Worth, Texas Certification Branch Office ("CBO") within the FAA's Central Region for the TriFan 600 type certification program.Following the FAA's acceptance of XTI's formal application for Type Certification of the TriFan ...

ENGLEWOOD, Colo., May 21, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, will host a virtual Shareholder Town Hall on Thursday, May 29, 2025, at 4:15 PM ET. Current and prospective investors as well as other interested parties are encouraged to attend. Event Details What: XTI Aerospace Shareholder Town Hall Webinar When: Thursday, May 29, 2025, at 4:15 PM ET Where: Register for the virtual event here: https://xtiaerospace.com/sharehol ...

Balance sheet strengthened through elimination of legacy debt and stock-based obligationsStrong TriFan 600 program execution and FAA certification progress position XTI Aerospace for upcoming pre-sales relaunchENGLEWOOD, Colo., May 19, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace" or the "Company"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the filing of its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 and provided an up ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission File Number: 001-36404 XTI AEROSPACE, INC. (Exact name of registrant as specified in its charter) (State or other ...

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 ...

Core Viewpoint - XTI Aerospace has made significant progress in overcoming financial obligations and advancing its TriFan 600 VTOL aircraft development, while also addressing shareholder concerns regarding stock-based financing obligations and market valuation [2][3][8]. Financial Obligations and Market Performance - Upon listing on Nasdaq, XTI assumed approximately $30 million in obligations related to equity-based financing, which limited access to capital [3]. - In January 2025, XTI sold $20 million in common stock, but after using 20% of the proceeds to meet obligations, over $7 million remained outstanding [4]. - A reverse stock split was executed to comply with Nasdaq standards, resulting in an effective share price of $13.75 [4]. - Following a significant drop in share price, a share repurchase program was authorized to buy back stock in the open market [6]. Milestones and Achievements - On March 17, 2025, XTI achieved a major regulatory milestone with the FAA's acceptance of its Type Certification application, crucial for commercial launch [7]. - The company raised an additional $4 million in a public offering to fully repay secured promissory notes and eliminate remaining equity-based financing obligations [7][8]. - As of now, XTI has no stock-based financing obligations and maintains over $8 million in cash, sufficient to sustain operations into Q4 2025 [8]. Future Outlook and Investor Engagement - XTI believes its shares are undervalued and is launching a non-deal roadshow targeting 100 investor meetings to increase awareness among institutional investors [9]. - The company aims to present a new investor deck that outlines its vision and potential for growth in the aerospace sector [9].

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 ...