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 Viewpoint - XTI Aerospace, Inc. has announced a public offering of 12,500,000 shares of common stock at a price of $1.60 per share, aiming to raise approximately $20 million in gross proceeds for working capital and the development of the TriFan 600 airplane [1][2]. Group 1: Offering Details - The offering includes pre-funded warrants and common warrants, with the common warrants having an exercise price of $2.00 per share and being immediately exercisable for five years [1]. - The offering is expected to close on September 15, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes, including the development of the TriFan 600 airplane [2]. - The company may also consider investing in or acquiring businesses or technologies, although there are no current commitments [2]. Group 3: Regulatory Information - The securities will be offered under a shelf registration statement on Form S-3, which was filed with the SEC on August 1, 2025, and declared effective on August 12, 2025 [3]. - A prospectus supplement detailing the terms of the offering will be filed with the SEC [3]. Group 4: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing capabilities, cruising speeds over 300 mph, and a range of up to 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 - The article emphasizes that VTOL technology is transitioning from concept to reality due to supportive U.S. policies, FAA certification progress, and global investment trends [1][2][3] - VTOL is positioned as a viable solution to address urgent needs in both commercial and government sectors, particularly in light of current challenges facing the aviation industry [2][4] Industry Perspective - The U.S. aviation policy has shifted to support next-generation aviation systems, with ongoing FAA certification pathways and infrastructure planning [2][4] - VTOL technology offers a distributed and resilient alternative to traditional aviation, addressing issues such as staffing shortages and outdated control systems [4] - The alignment of innovation, policy, and market demand presents a strategic opportunity for the U.S. to lead in VTOL and advanced air mobility [5] Company Overview - XTI Aerospace is focused on integrating manned and unmanned VTOL systems, advanced materials, and distributed airspace management to create a more accessible and transformative air mobility future [6] - The company is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, maximum cruising speeds exceeding 300 mph, and a range of up to 1,000 miles [7]

Core Insights - The Garmin G700 TXi system is integrated into the TriFan 600, enhancing its operational capabilities for business aviation, including reliability and innovative pilot features [1][3] - The TriFan 600 is a fixed-wing aircraft with vertical lift capability, designed to combine the speed and comfort of a business jet with the flexibility of a helicopter, featuring efficient twin turbo-shaft engines [1][4] - XTI Aerospace is progressing towards FAA certification with developmental flight tests scheduled for 2027, indicating strong interest in the TriFan 600 across various sectors [3][4] Company Overview - XTI Aerospace, based near Denver, Colorado, is developing the TriFan 600, which has a maximum cruising speed of 311 mph and a range of 985 miles, creating a new category of xVTOL aircraft [4] - The company also has a business unit, Inpixon, that specializes in real-time location systems technology, optimizing operations in industrial facilities [4] Technological Features - The Garmin G700 XTi flight deck provides pilots with advanced navigation, communication, surveillance, and situational awareness capabilities [2][6] - The avionics suite includes features such as synthetic vision technology, dynamic maps, satellite weather, and smart autopilot integration [6]

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 Perspective - The FAA's Notice of Proposed Rulemaking (NPRM) for "Normalizing UAS BVLOS Operations" aims to enhance American drone operations and establish a regulatory framework for commercial drone applications, responding to the Executive Order from June 6, 2025 [1] Group 1: Regulatory Developments - The proposed rules allow drones weighing up to 1,320 pounds to operate Beyond Visual Line of Sight (BVLOS) without traditional airworthiness certificates, facilitating a wider range of industrial and commercial missions [2] - The FAA's initiative introduces third-party Automated Data Service Providers (ADSPs) to manage traffic and situational awareness between crewed and uncrewed aircraft, which is essential for future autonomous flight corridors [2] Group 2: Industry Impact - The release of Part 108 is seen as a pivotal moment that will accelerate the Vertical Economy, unlocking the potential of advanced UAS and moving towards a fully integrated air mobility ecosystem [2] - XTI Aerospace emphasizes its commitment to safe and efficient air mobility, indicating that the FAA's actions signal a strong commitment to innovation and leadership in aviation [4] Group 3: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, maximum speeds over 300 mph, and a range of up to 1,000 miles, creating a new category known as xVTOL [5] - The Inpixon business unit of XTI Aerospace specializes in real-time location systems (RTLS) technology, providing solutions that optimize operations and enhance safety in industrial settings [5]

Core Insights - XTI Aerospace is partnering with IDEO to enhance the customer experience for its TriFan 600 and future xVTOL aircraft, focusing on a human-centered design approach [1][3][4] - The collaboration will involve extensive market research, product validation, and design of user interfaces and service models to create a seamless travel experience [2][4] Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, cruising speeds over 300 mph, and a range of up to 1,000 miles, creating a new category of xVTOL aircraft [5] - The company also has a business unit, Inpixon, specializing in real-time location systems (RTLS) technology, enhancing operational efficiency and safety for industrial clients [5] Partnership Details - IDEO will apply its methodologies, including ethnographic research and systems-level design, to improve the aesthetics and functionality of XTI's aircraft, as well as the overall customer experience [2][4] - The partnership aims to refine aircraft interiors and exteriors, design mission-specific cabin environments, and overhaul digital experiences related to booking and ownership [7]

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 Insights - XTI Aircraft Company is progressing towards FAA certification for its TriFan 600 aircraft, which is designed for vertical takeoff and landing (VTOL) and aims to transform regional air travel [1][2] - The FAA's new Advisory Circular 21-17-4, released on July 18, 2025, is a significant regulatory milestone for XTI as it works on the certification process [1] Company Overview - XTI Aerospace, the parent company of XTI Aircraft Company, is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, maximum cruising speeds exceeding 300 mph, and a range of up to 1,000 miles, creating a new category known as xVTOL [2] - The Inpixon business unit of XTI Aerospace specializes in real-time location systems (RTLS) technology, providing solutions that enhance operational efficiency and safety in industrial settings [2] Regulatory Engagement - XTI has been collaborating with the FAA, utilizing draft versions of the new Advisory Circular to refine the TriFan 600's design and ensure compliance with certification requirements [1] - The company emphasizes the importance of FAA's involvement in the development of its systems and structural design [1]