Core Insights - XTI Aerospace has appointed Dr. Alex Williams as Senior Advisor to enhance its R&D strategy and technology integration for its xVTOL and powered-lift aircraft solutions [1][4] - Dr. Williams brings extensive experience from his previous roles at Pratt & Whitney and Apple, focusing on advanced manufacturing and aerospace technology [2][3] - XTI aims to lead the emerging Vertical Economy by leveraging Dr. Williams' multidisciplinary expertise in propulsion, materials, and manufacturing [4] Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (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 (RTLS) technology, enhancing operational efficiency and safety for industrial clients [5]

Core Points - The Federal Aviation Administration (FAA) has selected the Ft. Worth, Texas Certification Branch Office (CBO) for the TriFan 600 type certification program [1][2] - XTI Aerospace received formal acceptance of its application for Type Certification of the TriFan 600 on March 17, 2025, and will work with FAA subject matter experts across the U.S. [2] - The TriFan 600 is designed to have vertical takeoff and landing (VTOL) capabilities, maximum cruising speeds of 311 mph, and a range of 985 miles, creating a new category of aircraft [3] Company Overview - XTI Aerospace, Inc. is a pioneer in xVTOL and powered-lift aircraft solutions, with its aviation business based near Denver, Colorado [3] - The company is also involved in real-time location systems (RTLS) technology through its Inpixon business unit, which serves customers globally to optimize operations and enhance safety [3]

Company Overview - XTI Aerospace, Inc. is a pioneer in xVTOL and powered-lift aircraft solutions, currently developing the TriFan 600, which features vertical takeoff and landing (VTOL) capabilities, maximum cruising speeds of 311 mph, and a range of 985 miles [4]. Event Announcement - XTI Aerospace will host a virtual Shareholder Town Hall on May 29, 2025, at 4:15 PM ET, aimed at current and prospective investors [1][2]. - The event will feature remarks from XTI Chairman and CEO Scott Pomeroy and other senior executives, discussing the future of manned and unmanned air travel [2]. Interaction Opportunities - Following the management's remarks, there will be a question-and-answer session where questions can be submitted live or sent in advance via email [3].

Core Insights - XTI Aerospace has strengthened its balance sheet by eliminating legacy debt and stock-based obligations, positioning itself for future growth and stability [3][6]. - The company is making significant progress in the development of the TriFan 600, with key milestones achieved in engineering and FAA certification [2][6]. - XTI Aerospace is focused on long-term shareholder value and aims to revolutionize regional air mobility through its innovative aircraft solutions [3][7]. Recent Developments - The FAA accepted XTI Aerospace's TriFan 600 Type Certification application on March 17, 2025, marking a critical step in the certification process [6]. - The company achieved a fuel system design milestone, enhancing wing fuel volume from approximately 300 to 400 gallons, which improves maximum range and mission length [6]. - XTI Aerospace expanded its Corporate Advisory Board by adding leaders from aerospace, defense, and AI sectors, enhancing its strategic capabilities [6]. Financial Highlights - Cash and cash equivalents increased by approximately $3.9 million to around $8 million, indicating improved liquidity [6]. - Net working capital rose by approximately $8.9 million, reflecting a stronger financial position [6]. - The company repaid all outstanding secured promissory notes and eliminated the Series 9 Preferred Stock, which previously restricted capital-raising efforts [6]. Strategic Outlook - XTI Aerospace plans to continue advancing the TriFan 600 through engineering, certification, and supplier selection milestones in the upcoming quarters [7]. - The company is preparing for the reopening of TriFan 600 pre-sales later in 2025, aiming to capitalize on its technological advancements and market potential [7][11]. - The focus remains on delivering innovative solutions that transform regional air mobility and create lasting value for shareholders [7].

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 March 31, 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) (State or other ...

"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]