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 ...

Core Viewpoint - XTI Aerospace has signed a non-binding Memorandum of Understanding to acquire a 30% equity interest in ReadyMonitor, an AI-powered Drone-as-a-Service company, with plans to acquire the remaining 70% within 12 months, aiming to enhance its position in the autonomous drone market [1][5]. Company Overview - XTI Aerospace is a pioneer in advanced Vertical Takeoff and Landing (VTOL) aircraft solutions, currently developing the TriFan 600, which combines helicopter-like VTOL capabilities with high-speed and long-range performance [8]. - ReadyMonitor specializes in scalable Drone-as-a-Service solutions and holds a unique FAA Certificate of Waiver allowing operations beyond visual line of sight [2][7]. Strategic Importance - The acquisition is seen as foundational to XTI's strategic vision, integrating unmanned VTOLs with drone technology to expand market presence and create new opportunities across various industries [4][5]. - ReadyMonitor's AI technology enables real-time decision-making and mission optimization for autonomous drones, which is expected to accelerate revenue realization for both companies in 2025 [4][5]. Market Position and Collaboration - The partnership is expected to enhance XTI's footprint in the growing drone segment of the Powered-Lift market, leveraging ReadyMonitor's established customer base and technology [5]. - ReadyMonitor is currently deploying Drone-in-a-Box solutions to large enterprise customers, providing a turnkey service that eliminates capital expenditures for clients [4][10]. Leadership and Expertise - ReadyMonitor was co-founded by industry leaders with extensive experience in drone technology, enhancing the credibility and potential success of the collaboration [3][4]. - The management teams of both companies are committed to meeting specific customer needs through the application of their combined resources, aiming for effective execution in the market [4][5].

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 ...

ENGLEWOOD, Colo., Jan. 7, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI" or the "Company"), a pioneer in advanced aircraft design, today provided an update for its shareholders regarding its 2025 strategic initiatives, which includes the implementation of a 1-for-250 consolidation of the Company's common stock, par value $0.001 per share (the "Common Stock"), as part of a broader strategy to strengthen its balance sheet and increase its stock price to not only regain compliance with Nasdaq's ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 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 cha ...

ENGLEWOOD, Colo., Nov. 14, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace" or the "Company") today provided a business update and announced the scheduled filing of its quarterly report on Form 10-Q for the quarter ended September 30, 2024."We are making steady progress as it relates to the development of the TriFan 600, a fixed-wing, vertical lift crossover airplane uniquely designed to meet the needs of the evolving aviation industry and its customers," commented Scott Pomeroy, CEO ...

Core Insights - XTI Aerospace has appointed Javier de la Peña, a strategic leader from Woven by Toyota, to its Corporate Advisory Board, enhancing its expertise in technology and transportation innovation [1][3][4] Company Overview - XTI Aerospace, based in Englewood, Colorado, is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, capable of speeds up to 345 mph and a range of approximately 700 miles [4] - The company also operates Inpixon, which specializes in real-time location systems (RTLS) technology, providing solutions to optimize operations and enhance safety in industrial facilities [4] Strategic Importance - Mr. de la Peña's experience in transformative initiatives within the transportation and technology sectors aligns with XTI Aerospace's goals, particularly in advancing next-generation mobility services [2][3] - His involvement is expected to leverage Toyota's significant investments in the eVTOL sector, particularly in companies like Joby Aviation, to support XTI Aerospace's market development efforts for the TriFan 600 [3]

Table of Contents Title of each class Trading Symbol Name of each exchange on which each is registered Common Stock, par value $0.001 XTIA The Nasdaq Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ¨ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ...

Revenue Segments - Inpixon reported revenue from three segments: Indoor Intelligence, Shoom, and SAVES, with revenue generated from hardware, software licenses, and professional services[18]. - The company's top three customers accounted for approximately 19% and 16% of gross revenue during the years ended December 31, 2022 and 2021, respectively, with no single customer exceeding 10% of gross revenue in 2022[45]. Real-Time Location Systems (RTLS) - The company specializes in real-time location systems (RTLS) for the industrial sector, leveraging IoT, AI, and big data analytics to enhance operational efficiency and safety[15]. - Inpixon's RTLS solution provides real-time tracking and monitoring, enabling businesses to minimize downtime and ensure compliance with industry regulations[15]. - The full-stack industrial IoT solution integrates RTLS, sensor networks, edge computing, and big data analytics for comprehensive operational visibility[16]. - Inpixon's RTLS platform includes prebuilt modules for smart factory, smart warehouse, inventory management, and more, facilitating significant process optimizations[19]. - The positioning technology allows for accuracy ranging from several meters down to approximately thirty centimeters, depending on the product deployed and conditions in the indoor space[25]. - Inpixon's comprehensive RTLS solutions integrate tracking tags, anchors, sensors, and software, positioning the company uniquely in the market against competitors[46]. - Inpixon's RTLS offerings are utilized in various sectors, including automotive factories, logistics warehouses, and military buildings, showcasing a diverse customer base[44]. Technology and Innovation - The company aims to create a digital twin of physical locations to enhance user experiences and operational decision-making[14]. - The company is focused on enhancing its product roadmap with innovations in 3D mapping, LiDAR, and augmented reality features[31]. - Inpixon's analytics solutions provide real-time visibility and predictive maintenance, which can reduce downtime and improve operational efficiency[34]. - The company plans to continue expanding its use of machine learning and artificial intelligence to improve positioning accuracy and reliability, which is expected to unlock new opportunities for its technology[32]. - Inpixon's augmented reality and digital twin technologies enhance real-time visualization and operational efficiency, providing a virtual representation of the physical world for better decision-making[37]. Financials and Expenses - Research and development expenses for the years ended December 31, 2022 and 2021 totaled approximately $17.7 million and $14.1 million, respectively, indicating a year-over-year increase of about 25.5%[39]. - The company has not faced significant financial burdens related to regulatory compliance to date[55]. Corporate Actions and Structure - The company has implemented a reverse stock split at a ratio of 1-for-75 to comply with Nasdaq Listing Rule 5550(a)(2)[12]. - The enterprise apps segment was spun off in connection with the separation of the enterprise apps business, effective March 14, 2023[28]. - On March 15, 2023, New CXApp began regular trading on NASDAQ under the ticker symbol "CXAI" following the Enterprise Apps Spin-off[72]. - The Enterprise Apps Spin-off was completed on March 14, 2023, with Inpixon shareholders receiving one share of CXApp common stock for each share of Inpixon common stock held[70]. - The merger with KINS Technology Group Inc. valued the Enterprise Apps Business at $69 million[69]. - The company has seven operating subsidiaries as of December 31, 2022, including Inpixon Canada and Inpixon GmbH[73]. Employee and Workforce - As of March 20, 2023, the company has 203 employees, including 137 technical and engineering personnel[54]. Strategic Transactions - The company is exploring strategic transactions, including potential asset sales, mergers, or spin-offs to enhance shareholder value[38]. - The company is focused on expanding its market presence through strategic acquisitions and partnerships to enhance its technology offerings[9]. - The company completed the acquisition of Locality Systems, Inc. on May 21, 2019, enhancing its video management system capabilities[58]. - The company acquired over 99.9% of Design Reactor, Inc. on April 30, 2021, enhancing its SaaS app platform offerings[67]. - The company acquired an exclusive license for the SYSTAT and SigmaPlot software suite on June 19, 2020, expanding its software capabilities[61]. - The company completed the acquisition of Nanotron, expanding its asset tracking and RTLS business with wireless location awareness technology[63]. - The company acquired 100% of the outstanding capital stock of Game Your Game, Inc., representing 55.4% of GYG's outstanding shares[65].