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]

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 ...

ENGLEWOOD, Colo., March 24, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA), a pioneer in VTOL and powered-lift aircraft solutions, today announced the appointment of Archduke Sandor Habsburg-Lothringen to its Corporate Advisory Board. Archduke Sandor Habsburg-Lothringen brings over 30 years of expertise in global business strategy, sustainable energy, telecommunications, and financial services to XTI Aerospace. With a background in thermodynamics, energy conservation, and environmental protection, ...

Core Insights - The updated design of the TriFan 600's engine air inlet and exhaust significantly enhances air intake and exhaust flow, optimizing performance for both vertical and conventional flight modes [1][2] - The design improvements are a result of advanced digital mock-up (DMU) and computational fluid dynamics (CFD) analysis, demonstrating the company's commitment to innovation and customer focus [2] - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, aiming to create a new category of aircraft known as vertical lift crossover airplane (VLCA) [3] Engineering Milestones - The company has outlined six core product and engineering milestones for Q1, including: - Downwash/outwash study to analyze airflows during vertical takeoff and landing [4] - Type certification application to the FAA for the TriFan 600 [4] - Optimization of engine air inlets and exhaust design for enhanced propulsion performance [4] - Fuel system design to increase fuel capacity and reduce unusable fuel [4] - Development of a flight deck human factors mockup for ergonomic evaluation [4] - Update of the Global Finite Element Model (GFEM) for structural evaluation [4]

Core Insights - XTI Aerospace's Type Certification (TC) application for the TriFan 600 was accepted by the FAA, marking a significant milestone in the company's product and engineering progress for Q1 2025 [1][2][3] - The company is collaborating with the FAA's Innovation Office to develop powered-lift requirements, which is crucial for advancing the certification process [2][3] - The TriFan 600 is designed to have VTOL capabilities, speeds of 345 mph, and a range of 700 miles, creating a new category known as vertical lift crossover airplane (VLCA) [5] Product and Engineering Milestones - Completed milestones include a downwash/outwash study, which analyzes airflows during vertical takeoff and landing to evaluate safety and performance [7] - The company has outlined additional milestones to be completed, including optimizing fuel system design, enhancing engine air inlets and exhaust, developing a flight deck mockup, and updating the Global Finite Element Model (GFEM) [7]

Core Viewpoint - XTI Aerospace has authorized a share repurchase program to buy back up to $5 million of its common stock, reflecting the company's belief in the undervaluation of its shares [1][3]. Group 1: Share Repurchase Program - The share repurchase program allows XTI Aerospace to purchase common stock through various means, including open market transactions and privately negotiated transactions, in compliance with applicable securities laws [2]. - The program has an initial term of twelve months, which may be extended to eighteen months, and can be suspended or discontinued at any time [2]. - As of March 18, 2025, XTI Aerospace had approximately 3.7 million shares of common stock outstanding [3]. Group 2: Company Confidence and Future Potential - The decision to implement the share buyback program is based on the company's strong confidence in its intrinsic value and future potential, as stated by the Chairman and CEO [3]. - The company aims to deliver long-term value to shareholders and believes its progress towards market leadership reinforces confidence in its long-term success [3]. Group 3: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, designed to reach speeds of up to 345 mph and a range of approximately 700 miles [4]. - The company also has a business unit, Inpixon, which specializes in real-time location systems (RTLS) technology, serving customers globally to optimize operations and enhance safety [4].

Core Insights - XTI Aerospace's Hangar X Studios will participate in the Verticon 2025 conference, showcasing aerospace media and innovation [1][4] - The conference is expected to attract over 15,000 attendees and 600+ exhibitors, focusing on advancements in vertical takeoff and landing (VTOL) technology [4] Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, speeds of 345 mph, and a range of 700 miles [5] - The company also has a business unit, Inpixon, specializing in real-time location systems (RTLS) technology for industrial applications [5] Event Details - Hangar X Studios will host live podcast recordings at booth 7340 during Verticon 2025, featuring interviews with aerospace industry leaders [2][3] - The event aims to foster collaboration and showcase cutting-edge technologies in the aerospace sector [4]

Core Insights - XTI Aerospace has appointed Len Urbas as Senior Vice President of Corporate Development, bringing extensive expertise in investment banking, private equity, and strategic growth to the company [1][2][3] - Mr. Urbas's experience spans various industries, including healthcare, technology, financial services, and aerospace, positioning him to advance XTI's mission in the vertical takeoff and landing (VTOL) market [1][2] - The company is focused on redefining air travel and expanding its presence in the rapidly evolving VTOL industry, with Mr. Urbas expected to play a crucial role in this growth [1][3] Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft designed for vertical takeoff and landing, capable of speeds of 345 mph and a range of 700 miles, creating a new category known as vertical lift crossover airplane (VLCA) [4] - The company also has a business unit, Inpixon, which specializes in real-time location systems (RTLS) technology, providing solutions to optimize operations and enhance safety in industrial facilities [4]