Accessibility StatementSkip Navigation ENGLEWOOD, Colo., Oct. 2, 2025 /PRNewswire/ -- XTI Aircraft Company ("XTI Aircraft"), a subsidiary of XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the appointment of Steve Zohrabian as Executive Vice President of XTI Aircraft, where he will lead development of XTI Aircraft's family of VTOL aircraft beginning with the mid-range TriFan 600. This appointment marks a significant milestone in the matur ...

The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333- 289194), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the "SEC") on August 1, 2025, and declared effective on August 12, 2025. The offering was made only by means of a written prospectus. A prospectus supplement and accompanying prospectus describing the terms of the offering have been filed with the SEC on its website at www.sec.gov. Copies of the prospectus sup ...

Core Insights - XTI Aerospace is making significant progress in the development of the TriFan 600, aiming to position it as a transformative aircraft for commercial and defense applications [2][3] - The company has strengthened its balance sheet by raising $18.4 million through a public offering, enhancing liquidity for engineering and certification activities [2][5] - Strategic partnerships have been expanded, including a memorandum of understanding with VerdeGo Aero to explore hybrid-electric propulsion solutions [2][6] Development Milestones - The Global Finite Element Model (GFEM) for configuration C211.2 has been finalized, a crucial step for FAA type certification [6] - Key drivetrain suppliers have been selected, including Triumph Geared Solutions and Kamatics Corporation, to provide essential components [6] - Over 1,500 computational fluid dynamics simulations have been conducted using the U.S. Department of Energy's Frontier supercomputer to optimize aerodynamic design [6] Strategic and Market Expansion Initiatives - The corporate advisory board has been expanded with leaders from aerospace, defense, and AI sectors to enhance navigation through certification and market entry [2][6] - A dedicated prototyping and innovation lab has been opened to accelerate testing of subscale models and flight control systems [2][6] - Technical familiarization sessions with the FAA are ongoing to streamline certification pathways [6] Financial Highlights - Cash and cash equivalents increased to $20.0 million as of June 30, 2025, up from $4.1 million at year-end 2024, primarily due to the public offering [12] - Stockholders' equity grew to $12.4 million as of June 30, 2025, reflecting new capital raised [12] - The company maintains a debt-free position, having repaid all short-term borrowings in Q1 2025 [12] Strategic Outlook - The company is focused on advancing the TriFan 600 through continued engineering and certification efforts, with key priorities for the second half of 2025 [8] - The TriFan 600 is designed to redefine regional air mobility, offering speed, range, and flexibility without traditional infrastructure constraints [8] - The market opportunity for the TriFan 600 is considered substantial, supported by a strengthened balance sheet and clear certification path [8]

Core Viewpoint - XTI Aerospace is positioning itself as a leader in the xVTOL and powered-lift aircraft market, with significant pre-orders and a vision for transforming regional air mobility through its TriFan 600 aircraft [2][5]. Group 1: Company Overview - XTI Aerospace, Inc. is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, maximum cruising speeds exceeding 300 mph, and a range of nearly 1,000 miles [5]. - The company has approximately $3 billion in conditional pre-orders and reservations for the TriFan 600, indicating strong market interest [2]. - XTI Aerospace's Inpixon business unit specializes in real-time location systems (RTLS) technology, enhancing operational efficiency and safety for industrial clients [5]. Group 2: Market Potential - The regional air mobility market is projected to reach a valuation of $9 trillion by 2050, according to Morgan Stanley, highlighting the growth potential for xVTOL solutions [2]. - XTI Aerospace aims to bridge the gap between helicopters and business airplanes, positioning the TriFan 600 as a category-defining aircraft for regional travel [2][3]. Group 3: Upcoming Events - A webinar featuring XTI Aerospace's Chairman and CEO, Scott Pomeroy, is scheduled for July 31, 2025, to discuss the company's vision and the TriFan 600 [1][4]. - The webinar will include a live Q&A session, allowing investors to engage directly with company leadership [1][3].

Core Viewpoint - XTI Aerospace is positioning itself as a leader in the xVTOL and powered-lift aircraft market, with a focus on the TriFan 600 aircraft, which aims to transform regional air mobility and capture a significant share of a projected $9 trillion market by 2050 [2][3]. Company Overview - XTI Aerospace, Inc. is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, maximum cruising speeds exceeding 300 mph, and a range of nearly 1,000 miles, creating a new category known as xVTOL [5]. - The company has approximately $3 billion in conditional pre-orders and reservations for the TriFan 600, indicating strong market interest and potential demand [2]. Industry Context - The regional air mobility market is expected to grow significantly, with Morgan Stanley estimating its value to reach $9 trillion by 2050, highlighting the vast opportunities for companies like XTI Aerospace [2]. - XTI Aerospace aims to bridge the gap between helicopters and business airplanes, positioning the TriFan 600 as a category-defining aircraft for regional travel [2][3]. Upcoming Events - XTI Aerospace will host a webinar on July 31, 2025, to discuss its vision for regional air mobility and the TriFan 600, featuring insights from Chairman and CEO Scott Pomeroy [1][3].

Core Viewpoint - XTI Aerospace, Inc. has successfully closed a public offering of 9,143,000 shares of common stock and warrants, raising approximately $16 million for working capital and the development of the TriFan 600 airplane [1][2]. Group 1: Offering Details - The public offering price was set at $1.75 per share, which includes the exercise price of pre-funded warrants [1]. - An additional 1,371,000 Common Warrants were sold due to the underwriter's over-allotment option [1]. - Each Common Warrant allows the holder to purchase one share of common stock at an exercise price of $2.00, expiring five years from issuance [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes, specifically for the development of the TriFan 600 airplane [2]. Group 3: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, maximum cruising speeds exceeding 300 mph, and a range of over 1,000 miles [5]. - The company also has a business unit, Inpixon, which specializes in real-time location systems (RTLS) technology for industrial applications [5].

Core Viewpoint - XTI Aerospace, Inc. has announced a public offering of 9,143,000 shares of common stock and 9,143,000 warrants, aiming to raise approximately $16 million for working capital and the development of the TriFan 600 airplane [1][2]. Group 1: Offering Details - The offering price is set at $1.75 per share, with each Common Warrant allowing the purchase of one share at an exercise price of $2.00, expiring five years from issuance [1]. - The underwriters have a 45-day option to purchase an additional 1,371,000 shares and/or warrants to cover over-allotments [1]. - The offering is expected to close on June 26, 2025, pending customary closing conditions [1]. Group 2: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, cruising speeds over 300 mph, and a range exceeding 1,000 miles [5]. - The company also has a business unit, Inpixon, specializing in real-time location systems technology for industrial applications [5].

Core Insights - XTI Aerospace, Inc. has appointed Stephen Griessel to its Corporate Advisory Board, reflecting the increasing importance of VTOL aircraft as a national strategic priority [1][2] - Griessel's extensive experience in aerospace and defense is expected to enhance XTI's strategy in the emerging Vertical Economy, focusing on speed, range, and adaptability of xVTOL solutions [2][3] - The company is developing the TriFan 600, which combines helicopter vertical lift capabilities with the speed and range of fixed-wing aircraft, aiming to position XTI as a leader in regional and mission-critical air mobility [4][5] Company Strategy - XTI aims to dominate the Vertical Economy by leveraging Griessel's experience to accelerate its entry into mission-critical markets [2][3] - The company is focused on serving high-value special mission operators and defense partners, providing VTOL solutions without the need for new infrastructure [3] - Griessel's leadership is expected to contribute to the development of a military variant of the TriFan platform, enhancing XTI's competitive position in both commercial and defense sectors [4] Product Development - The TriFan 600 is designed to achieve maximum cruising speeds of 311 mph and a range of 985 miles, creating a new category of xVTOL aircraft [5] - XTI Aerospace also operates Inpixon, which specializes in real-time location systems technology, optimizing operations in various industrial settings [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].