Core Points - XTI Aerospace has regained compliance with Nasdaq's minimum bid price requirement, confirming that its common stock has maintained a bid price of $1.00 or greater for over 10 consecutive business days [1][3][4] - The company attributes this achievement to its strategic initiatives aimed at driving growth and delivering long-term value to shareholders [3][4] - XTI Aerospace is focused on advancing its vertical takeoff and landing (VTOL) aircraft technology, specifically the development of the TriFan 600 aircraft [5] Company Overview - XTI Aerospace, Inc. is the parent company of XTI Aircraft Company, which is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, capable of speeds up to 345 mph and a range of 700 miles [5] - The company also includes Inpixon, a leader in real-time location systems technology, providing solutions to optimize operations and enhance safety in industrial facilities [5]

Core Insights - XTI Aerospace's business unit Inpixon has won the "RTLS Solution of the Year 2025" award at the IoT Breakthrough Awards, competing against over 40 entrants [1][2] - Inpixon's RTLS solutions enhance operational efficiency, safety, and decision-making across various industries [1][3] Company Overview - XTI Aerospace, Inc. is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, speeds of 345 mph, and a range of 700 miles [5] - Inpixon specializes in real-time location systems (RTLS) technology, providing solutions that optimize operations and enhance safety in sectors like manufacturing, logistics, and government [5][3] Industry Recognition - The IoT Breakthrough Awards recognize top companies and technologies in the global IoT market, highlighting Inpixon's leadership in RTLS technology [2] - The award reflects Inpixon's commitment to delivering AI-powered location-aware solutions that address modern workplace complexities [3]

Core Insights - XTI Aerospace has appointed Stephanie Chung to its Corporate Advisory Board, bringing over 35 years of experience in aviation and aerospace [1][2][3] - Chung has held senior leadership roles at notable companies such as Wheels Up, JetSuite, and Bombardier, where she focused on market expansion and operational efficiencies [1][2] - The company is developing the TriFan 600, a vertical lift crossover airplane (VLCA) with capabilities for vertical takeoff and landing, speeds of 345 mph, and a range of 700 miles [4] Company Overview - XTI Aerospace is based near Denver, Colorado, and is the parent company of XTI Aircraft Company [4] - The TriFan 600 aims to create a new category in aviation by combining the features of helicopters and fixed-wing aircraft [4] - XTI Aerospace also has a business unit, Inpixon, that specializes in real-time location systems (RTLS) technology for industrial applications [4] Leadership Insights - Scott Pomeroy, Chairman and CEO of XTI Aerospace, expressed enthusiasm about Chung's appointment, highlighting her experience in driving growth and operational success [3] - Chung is excited to contribute to XTI's mission and aims to help expand the company's footprint and growth trajectory [3] Recognition and Contributions - Chung has received multiple accolades, including recognition from AdWeek, Robb Report, Savoy Magazine, and D CEO Magazine for her influence in the industry [2] - She is also involved with various boards and advisory councils, including the Make-A-Wish Foundation and the National Business Aviation Association [1][2]

Core Insights - XTI Aerospace is set to reopen pre-sales for its flagship TriFan 600 airplane later in 2025, aiming to redefine regional air travel with innovative point-to-point solutions [1] - The company plans to unveil a new unmanned subscale model, "Sparrow," to validate flight dynamics, followed by the launch of another model, "Kestrel," to further evaluate aerodynamics and flight controls [2][4] - The certification process with the FAA is ongoing, with several key engineering milestones outlined to ensure the TriFan 600's readiness for commercial release [6][8] Product Development Milestones - The company will complete a series of key product and engineering accomplishments leading up to the Sparrow release, including launching more complex subscale prototypes of the TriFan 600 [3] - The upcoming goals include launching the Kestrel model to evaluate flight controls and reintroducing aircraft pre-sales for fleet operators and customers [4][5] Certification Process - The certification pathway includes optimizing the fuel system design, enhancing engine air inlets and exhaust, conducting downwash studies, and developing a flight deck mockup [6] - The process involves several high-level gates, including Preliminary Design Review (PDR), Critical Design Review (CDR), First Flight, and Type Certification [7][8] 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, creating a new category known as vertical lift crossover airplane (VLCA) [9]

Core Insights - XTI Aerospace has appointed Kimberly Montgomery to its Corporate Advisory Board, bringing extensive experience in air medical transport and pre-hospital healthcare [1][2][3] - Montgomery's leadership roles include positions at Seven Bar Aviation, Med-Trans Corp, and EagleMed, and she currently oversees operations at GMR Health Systems [3] - The company aims to leverage Montgomery's expertise to enhance its innovation and expansion in the aerospace industry, particularly in aviation operations and healthcare partnerships [4] 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 345 mph and a range of 700 miles [5] - The company is also involved in real-time location systems (RTLS) technology through its Inpixon business unit, which serves global customers to optimize operations and enhance safety [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]

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 ...