XTI Aerospace Signs Capital Distribution Agreement for Proposed Investment of up to $55 Million at $275 Million Valuation
ENGLEWOOD, Colo., July 1, 2024 /PRNewswire/ — XTI Aerospace, Inc. (NASDAQ: XTIA) (“XTI” or the “Company”) today announced that it has entered into an agreement with FC Imperial Limited (“FCIL”), an affiliate of a private global investment consortium, FinExic Concordia Group, (“FCG” or “Investor Consortium”), for a proposed strategic equity investment for shares of convertible […]
XTI Aerospace Seeks Accelerated Development of TriFan 600
This article discusses several recent developments concerning XTI Aerospace, including: Accelerated development initiatives for the TriFan 600 fixed-wing VTOL aircraft. Mesa Airline’s investment and conditional purchase order for up to 100 TriFan. LOI with AVX Aircraft Company to expedite the TriFan 600’s development and certification. Submission of new patent applications. Read the article
XTI Aerospace Announces Mesa Airlines’ Investment in XTI and Conditional Pre-Order for 100 TriFan 600 Aircraft
ENGLEWOOD, Colo., June 5, 2024 /PRNewswire/ — XTI Aerospace, Inc. (Nasdaq: XTIA) (“XTI Aerospace” or the “Company”) today announced that Mesa Air Group, Inc. (“Mesa”) (Nasdaq: MESA) (“Mesa”), the holding company of regional air carrier Mesa Airlines, is the purchaser under a previously disclosed conditional purchase order with XTI Aircraft Company (“XTI”), a wholly-owned subsidiary […]
XTI Aerospace seeks performance edge over eVTOLs with jet-fuel-burning TriFan 600
New aircraft developer XTI Aerospace has chosen a development path unconstrained by current battery technology as it seeks to outperform the pack of electric vertical take-off and landing (eVTOL) aircraft by offering greater range, speed and payload. Read the article
Nasdaq-listed XTI Advances Turbine-powered VTOL Aircraft
The leadership team of XTI Aerospace on Monday updated investors on plans to bring the TriFan 600 VTOL aircraft to market, almost two weeks after the company’s March 13 listing on the Nasdaq stock exchange following the merger between XTI Aircraft and tech group Inpixon. New CEO Scott Pomeroy said his Colorado-based engineering team is […]
XTI Touts TriFan VTOL’s Prospects After Public Listing
Almost a decade after its founding, following funding setbacks, design changes and a detour into hybrid-electric propulsion, XTI Aerospace hopes its new life as a publicly traded company will unlock the resources required to develop the TriFan 600 vertical-takeoff-and-landing (VTOL) business… Read the article
XTI Aerospace Signs Letter of Intent with AVX Aircraft Company for Further Design and Development of the TriFan 600 Vertical Lift Crossover Airplane
ENGLEWOOD, Colo., June 4, 2024 /PRNewswire/ — XTI Aerospace, Inc. (NASDAQ: XTIA) (“XTI Aerospace”, or the “Company”) today announced that its subsidiary, XTI Aircraft Company (“XTI Aircraft”), has signed a Letter of Intent (“LOI”) with AVX Aircraft Company (“AVX”), a leader in advanced vertical lift solutions, to provide development, design, and certification services to support […]
XTI Aerospace to Present at the Spring MicroCap Rodeo Conference on June 6
ENGLEWOOD, Colo., May 29, 2024 /PRNewswire/ — XTI Aerospace, Inc. (NASDAQ: XTIA) (“XTI” or the “Company”) today announced that it will be participating in the Spring MicroCap Rodeo Conference being held Thursday, June 6, 2024, in New York City. Scott Pomeroy, chief executive officer of XTI, is scheduled to present at 10:00 a.m. Eastern Time on […]
XTI Aerospace Provides Update on Former Subsidiary Spin-Off Distribution and Proposed Business Combination with Damon Motors
ENGLEWOOD, Colo., May 28, 2024 /PRNewswire/ — XTI Aerospace, Inc. (NASDAQ: XTIA) (“XTI” or the “Company”) today provided an update on the previously announced spin-off (the “Spin-off”) and proposed business combination between its former subsidiary Grafiti Holding Inc. (“Grafiti”) and Damon Motors, Inc. (“Damon”), the maker of the acclaimed HyperSport electric motorcycle (the “Business Combination”). The Damon HyperSport is […]
XTI Aerospace CEO to be Interviewed Live on Benzinga All Access Today at Approximately 11:00 AM Eastern Time
ENGLEWOOD, Colo., May 21, 2024 /PRNewswire/ — XTI Aerospace, Inc. (NASDAQ: XTIA) (“XTI” or the “Company”) today announced that Scott Pomeroy, Chief Executive Officer of XTI Aerospace, will be a featured guest on the Benzinga All Access show. Mr. Pomeroy is scheduled to appear today, May 21, 2024, at approximately 11:00 a.m. Eastern Time. The […]