ENGLEWOOD, Colo., Jan. 30, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace" or the "Company"), a pioneer in advanced aircraft design, today announced the addition of Kimberly Montgomery, President of GMR Health Systems at Global Medical Response (GMR), a leading provider of pre-hospital healthcare solutions, to its Corporate Advisory Board. XTI Aerospace appoints industry leader Kimberly Montgomery to its Corporate Advisory Board. Ms. Montgomery brings over two decades of leader ...

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]

ENGLEWOOD, Colo., Jan. 21, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in advanced aircraft design, announces its access to computing resources on the Frontier supercomputer at Oak Ridge National Laboratory's (ORNL) Leadership Computing Facility. Frontier, the world's first exascale supercomputer and currently ranked as the second most powerful commercially available computing system in the world, will provide XTI with unmatched computational capabilities to accelerate develop ...

 The Future of Drones is Fully Autonomous  ENGLEWOOD, Colo., Jan. 13, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI" or the "Company"), a pioneer in advanced Vertical Takeoff and Landing ("VTOL"), Powered-Lift aircraft solutions, today announced that it has signed a non-binding Memorandum of Understanding ("MOU") to acquire a 30% fully-diluted equity interest in ReadyMonitor, LLC, a leading AI-powered, autonomous Drone-as-a-Service ("DaaS") company, which is expected to close this Q1 2025, ...

Offering Details - The company closed a best-efforts offering of 1,454,546 shares of common stock at $13.75 per share, resulting in gross proceeds of approximately $20,000,000 [4] - The offering was priced at-the-market under Nasdaq rules on a post 1-for-250 reverse stock split basis [4] - ThinkEquity acted as the sole placement agent for the offering [1] Use of Proceeds - The net proceeds from the offering will primarily be used for working capital and general corporate purposes [1] Company Overview - XTI Aerospace is a pioneer in advanced aircraft design, developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capability, speeds up to 345 mph, and a range of approximately 700 miles [6] - The company's Inpixon business unit is a leader in real-time location systems (RTLS) technology, providing location intelligence solutions to optimize operations, increase productivity, and enhance safety in industrial facilities [6] Regulatory Information - The securities were offered and sold pursuant to the company's effective shelf registration statement on Form S-3, filed with the SEC on May 31, 2024, and declared effective on June 18, 2024 [5] - The offering was made through a prospectus supplement and prospectus filed with the SEC [5]

ENGLEWOOD, Colo., Jan. 7, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA), ("XTI" or the "Company"), a pioneer in advanced aircraft design, today announced the pricing of a best-efforts offering of 363,636,364 shares of its common stock priced at-the-market under Nasdaq rules. Each share of common stock is being sold at an offering price of $0.055 per share. All of the shares in the offering are being offered by the Company. Total gross proceeds from the offering, before deducting the placement agen ...

ENGLEWOOD, Colo., Jan. 7, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI" or the "Company"), a pioneer in advanced aircraft design, today provided an update for its shareholders regarding its 2025 strategic initiatives, which includes the implementation of a 1-for-250 consolidation of the Company's common stock, par value $0.001 per share (the "Common Stock"), as part of a broader strategy to strengthen its balance sheet and increase its stock price to not only regain compliance with Nasdaq's ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 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 cha ...

ENGLEWOOD, Colo., Nov. 14, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace" or the "Company") today provided a business update and announced the scheduled filing of its quarterly report on Form 10-Q for the quarter ended September 30, 2024."We are making steady progress as it relates to the development of the TriFan 600, a fixed-wing, vertical lift crossover airplane uniquely designed to meet the needs of the evolving aviation industry and its customers," commented Scott Pomeroy, CEO ...

ENGLEWOOD, Colo., Nov. 13, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI Aerospace" or the "Company") today announced that Javier de la Peña, Strategy and Operations Executive at Woven by Toyota, a Toyota Motor Corporation Group Company, has joined the XTI Aerospace Corporate Advisory Board.Mr. de la Peña is a strategic leader with over 15 years of experience driving transformative initiatives in the transportation, robotics and technology sectors. In his current role at Woven by Toyota, a T ...