"XTI is focused on enabling unparalleled mission capability – high speed and long range with VTOL capabilities," said Scott Pomeroy, Chairman and CEO of XTI Aerospace. "We believe hybrid-electric power generation, electric propulsion, and other emerging technologies will enable XTI to deliver superior performance and increased sustainability across a wide range of applications and use cases. VerdeGo is a technology and thought leader in the field and we are excited to collaborate with them." Eric Bartsch, C ...

XTI Aerospace (XTIAerospace.com) (Nasdaq: XTIA) is the parent company of XTI Aircraft Company, an aviation business based near Denver, Colorado, currently developing the TriFan 600, a fixed-wing business aircraft designed to have the vertical takeoff and landing (VTOL) capability of a helicopter, maximum cruising speeds of 311 mph and a range of 985 miles, creating an entirely new category – the xVTOL. Additionally, the Inpixon (inpixon.com) business unit of XTI Aerospace is a leader in real-time location s ...

Core Insights - XTI Aerospace, Inc. has appointed Preston Dunlap to its Corporate Advisory Board, enhancing its strategic capabilities in aerospace technology and defense [1][4][5] - Dunlap has over 20 years of experience in national security and aerospace, previously serving as the Chief Technology Officer of the U.S. Space Force and Air Force, overseeing $70 billion in aerospace and defense programs [2][3] - The TriFan 600, developed by XTI, is positioned as a transformative aircraft with both commercial and military applications, combining fixed-wing efficiency with VTOL capabilities [3][4] Company Overview - XTI Aerospace is focused on developing the TriFan 600, a fixed-wing business airplane with VTOL capabilities, maximum cruising speeds of 311 mph, and a range of 985 miles [5] - The company also operates Inpixon, which specializes in real-time location systems technology for industrial applications [5] Strategic Importance - Dunlap's expertise in defense and aerospace is expected to be instrumental in aligning the TriFan 600's capabilities with both civilian and military needs, enhancing its market potential [3][4] - The addition of Dunlap to the advisory board reflects XTI's commitment to advancing its aircraft for air mobility, defense, and emergency services [4]

TriFan 600 development continues to gain momentum as XTI Engineering Team meets all key Q1 objectives and announces Q2 2025 milestones ENGLEWOOD, Colo., April 23, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, today released its key product and engineering milestones for Q2 2025. The milestones will set the stage for the reopening of pre-sales for the TriFan 600 later this year. XTI remains on track in its development efforts which se ...

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]

Core Insights - XTI Aerospace, Inc. has launched the XTI Aerospace Prototyping and Innovation Lab within The HIVE in Grand Forks, North Dakota, aimed at accelerating the development of its flagship powered-lift aircraft, the TriFan 600 [1][2] - The lab will focus on advancing the subscale model "Sparrow" and progressing towards a more advanced model "Kestrel," enhancing flight control systems and aerodynamics [1][2] - The initiative is expected to position XTI Aerospace at the forefront of the VTOL and powered-lift industries by leveraging the collaborative environment of The HIVE and the Grand Forks aerospace community [2][3] 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) [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] Leadership and Collaboration - The lab will be led by Professor Robert Lunnie, an expert in VTOL systems, who has assembled a skilled team to optimize aircraft performance and develop a cutting-edge flight control center [1][3] - Local support from the City of Grand Forks and collaborations with the United States Air Force, government agencies, and the University of North Dakota are highlighted as key factors in advancing aviation innovation [3] Future Aspirations - The company aims to meet and exceed key milestones in aerospace innovation, with a strong commitment to advancing the next generation of the TriFan 600's subscale models [3] - The presence of XTI Aerospace at The HIVE is seen as a significant step in evolving the region's role in the broader VTOL and powered-lift markets [3]

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].

Core Points - XTI Aerospace, Inc. has successfully closed an underwritten public offering of 2,941,200 shares of common stock and warrants, raising approximately $4 million in gross proceeds at a public offering price of $1.36 per share [1][2] - The company plans to utilize the net proceeds primarily for general working capital, corporate purposes, and to fully repay outstanding secured promissory notes [2] - ThinkEquity served as the sole book-running manager for the offering, which was conducted under a shelf registration statement filed with the SEC [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 345 mph and a range of 700 miles, creating a new category known as vertical lift crossover airplane (VLCA) [5] - The company also operates Inpixon, a leader in real-time location systems (RTLS) technology, providing location intelligence solutions to optimize operations in various industrial settings [5]

Core Viewpoint - XTI Aerospace, Inc. has announced a public offering of 2,941,200 shares of common stock and warrants, aiming to raise approximately $4 million for working capital and repayment of secured promissory notes [1][2]. Group 1: Offering Details - The public offering price is set at $1.36 per share, which includes the exercise price for pre-funded warrants [1]. - The warrants will be immediately exercisable for a period of five years at the same exercise price of $1.36 per share [1]. - The offering is expected to close on March 31, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used for general working capital and corporate purposes, including the full repayment of outstanding secured promissory notes [2]. Group 3: Company Background - 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 [5]. - The company also has a business unit, Inpixon, that specializes in real-time location systems (RTLS) technology, serving customers globally to optimize operations and enhance safety [5].