ENGLEWOOD, Colo., Feb. 12, 2025 /PRNewswire/ — XTI Aerospace, Inc. (NASDAQ: XTIA) (“XTI Aerospace” or the “Company”), a pioneer in advanced aircraft design, today announced that it has received formal notification from The Nasdaq Stock Market LLC (“Nasdaq”) confirming that the company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2).
This notification follows XTI Aerospace’s recent efforts to address its non-compliance status, which was triggered when the company’s common stock failed to maintain a minimum bid price of $1.00 per share over the required consecutive 30-business-day period.
“We are pleased to have achieved compliance with Nasdaq’s listing requirements,” said Brooke Turk, CFO of XTI Aerospace. “This announcement further evidences the progress we’ve made as we continue executing on our long-term growth strategy, and we look forward to delivering continued value to our shareholders.”