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 June 30, 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) 8123 InterPort B ...

Strong TriFan 600 development progress, expanded strategic partnerships and strengthened balance sheet ENGLEWOOD, Colo., Aug. 14, 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 June 30, 2025, and provided an update on recent corporate milestones and strategic initiatives."During the second quarter, we made measurab ...

The FAA's Notice of Proposed Rulemaking (NPRM) for "Normalizing UAS BVLOS Operations," also known as Part 108, is responsive to the Administration's June 6, 2025, Executive Order to Unleash American Drone Dominance while Restoring American Airspace Sovereignty, which called for expedited action and a clear regulatory roadmap for the future of commercial drone operations. The risk-based, performance-driven guidelines usher in a new era of commercial applications including infrastructure inspection, precision ...

Core Viewpoint - XTI Aerospace is positioning itself as a leader in the xVTOL and powered-lift aircraft market, with a focus on the TriFan 600 aircraft, which aims to transform regional air mobility and capture a significant share of a projected $9 trillion market by 2050 [2][3]. Company Overview - XTI Aerospace, Inc. is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, maximum cruising speeds exceeding 300 mph, and a range of nearly 1,000 miles, creating a new category known as xVTOL [5]. - The company has approximately $3 billion in conditional pre-orders and reservations for the TriFan 600, indicating strong market interest and potential demand [2]. Industry Context - The regional air mobility market is expected to grow significantly, with Morgan Stanley estimating its value to reach $9 trillion by 2050, highlighting the vast opportunities for companies like XTI Aerospace [2]. - XTI Aerospace aims to bridge the gap between helicopters and business airplanes, positioning the TriFan 600 as a category-defining aircraft for regional travel [2][3]. Upcoming Events - XTI Aerospace will host a webinar on July 31, 2025, to discuss its vision for regional air mobility and the TriFan 600, featuring insights from Chairman and CEO Scott Pomeroy [1][3].

Group 1 - XTI Aircraft Company, a subsidiary of XTI Aerospace, is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, maximum cruising speeds over 300 mph, and a range of up to 1,000 miles [3] - The recent Tech Fam meeting with the FAA focused on the TriFan 600's propulsion system and compliance in key certification areas such as engine fire containment, bird strike impact, and cabin occupant safety [1][2] - XTI's engineering team emphasizes a collaborative approach with the FAA to ensure a safe and reliable aircraft, highlighting the importance of open dialogue during the certification process [2] Group 2 - XTI Aerospace also operates the Inpixon business unit, which specializes in real-time location systems (RTLS) technology, providing solutions that optimize operations and enhance safety in industrial facilities [3] - The company aims to create a new category of aircraft, termed xVTOL, which combines the advantages of fixed-wing and helicopter capabilities [3]

Core Viewpoint - The collaboration between XTI Aircraft Company and MagLev aims to enhance aircraft performance through the integration of MagLev's HyperDrive propulsion technology into XTI's hybrid-electric aircraft designs, with a potential pre-order for up to 100 systems contingent on successful milestones [1][2][3] Group 1: Collaboration Details - The memorandum of understanding (MOU) outlines a non-binding agreement for both companies to evaluate the integration of MagLev's technology into XTI's aircraft and unmanned drone designs [1][3] - The MOU includes a pre-order for up to 100 MagLev HyperDrive propulsion systems, which is contingent upon the successful completion of technical and integration milestones [1] Group 2: Technology Overview - MagLev HyperDrive is an innovative electric propulsion system that utilizes a tip-driven ducted fan system, aiming to significantly improve efficiency by using magnetic levitation to reduce friction [2][4] - The technology is designed to be scalable across various aircraft sizes and mission profiles, enabling ultra-quiet, high-speed, and low-maintenance propulsion for diverse applications [2] Group 3: Company Background - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft capable of vertical takeoff and landing (VTOL), with maximum cruising speeds exceeding 300 mph and a range of 1,000 miles [5] - MagLev Aero is focused on pioneering electric propulsion solutions that leverage magnetic levitation to create a new generation of efficient electric aircraft for urban, regional, and commercial uses [4]

Core Insights - The completion of the Tech Fam meeting with the FAA is a significant milestone for the TriFan 600's type certification process, which involves FAA approval of the aircraft's design and components [2] - XTI Aerospace is focused on reducing risks associated with the structural design of the TriFan 600 through collaboration with the FAA [2] - The TriFan 600 is designed to be a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, cruising speeds exceeding 300 mph, and a range of 1,000 miles, creating a new category known as xVTOL [2] Company Overview - XTI Aerospace, based near Denver, Colorado, is developing the TriFan 600 and operates the Inpixon business unit, which specializes in real-time location systems (RTLS) technology [2] - The company's RTLS solutions are utilized globally in various industrial settings to optimize operations, enhance productivity, and improve safety [2]

Core Viewpoint - XTI Aerospace, Inc. has successfully closed a public offering of 9,143,000 shares of common stock and warrants, raising approximately $16 million for working capital and the development of the TriFan 600 airplane [1][2]. Group 1: Offering Details - The public offering price was set at $1.75 per share, which includes the exercise price of pre-funded warrants [1]. - An additional 1,371,000 Common Warrants were sold due to the underwriter's over-allotment option [1]. - Each Common Warrant allows the holder to purchase one share of common stock at an exercise price of $2.00, expiring five years from issuance [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes, specifically for the development of the TriFan 600 airplane [2]. Group 3: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, maximum cruising speeds exceeding 300 mph, and a range of over 1,000 miles [5]. - The company also has a business unit, Inpixon, which specializes in real-time location systems (RTLS) technology for industrial applications [5].

Core Viewpoint - XTI Aerospace, Inc. has announced a public offering of 9,143,000 shares of common stock and 9,143,000 warrants, aiming to raise approximately $16 million for working capital and the development of the TriFan 600 airplane [1][2]. Group 1: Offering Details - The offering price is set at $1.75 per share, with each Common Warrant allowing the purchase of one share at an exercise price of $2.00, expiring five years from issuance [1]. - The underwriters have a 45-day option to purchase an additional 1,371,000 shares and/or warrants to cover over-allotments [1]. - The offering is expected to close on June 26, 2025, pending customary closing conditions [1]. Group 2: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, cruising speeds over 300 mph, and a range exceeding 1,000 miles [5]. - The company also has a business unit, Inpixon, specializing in real-time location systems technology for industrial applications [5].

Core Insights - XTI Aerospace, Inc. has appointed Stephen Griessel to its Corporate Advisory Board, reflecting the increasing importance of VTOL aircraft as a national strategic priority [1][2] - Griessel's extensive experience in aerospace and defense is expected to enhance XTI's strategy in the emerging Vertical Economy, focusing on speed, range, and adaptability of xVTOL solutions [2][3] - The company is developing the TriFan 600, which combines helicopter vertical lift capabilities with the speed and range of fixed-wing aircraft, aiming to position XTI as a leader in regional and mission-critical air mobility [4][5] Company Strategy - XTI aims to dominate the Vertical Economy by leveraging Griessel's experience to accelerate its entry into mission-critical markets [2][3] - The company is focused on serving high-value special mission operators and defense partners, providing VTOL solutions without the need for new infrastructure [3] - Griessel's leadership is expected to contribute to the development of a military variant of the TriFan platform, enhancing XTI's competitive position in both commercial and defense sectors [4] Product Development - The TriFan 600 is designed to achieve maximum cruising speeds of 311 mph and a range of 985 miles, creating a new category of xVTOL aircraft [5] - XTI Aerospace also operates Inpixon, which specializes in real-time location systems technology, optimizing operations in various industrial settings [5]