ENGLEWOOD, Colo., Feb. 17, 2026 /PRNewswire/ — XTI Aerospace, Inc. (Nasdaq: XTIA) (“XTI Aerospace,” “XTI,” or the “Company”), an aerospace technology company focused on building and scaling its Drone Nerds, LLC (“Drone Nerds”) subsidiary, a drone platform serving enterprise and government customers, announced that certain of its subsidiaries, including Drone Nerds, have entered into an Asset-Based Lending (“ABL”) credit facility with JPMorgan Chase & Co. (“JP Morgan”), effective February 11, 2026 (the “credit facility”).
The credit facility provides up to $20 million of revolving borrowing capacity, subject to a borrowing base comprised of eligible accounts receivable and inventory, each subject to advance rates and reserves. The ABL will provide Drone Nerds with ample liquidity to fund future growth, working capital and routine dividends to the Company. Proceeds from the ABL will also be used to repay the Company $10.5 million for existing indebtedness incurred by Drone Nerds during the acquisition.
“Securing this credit facility with JP Morgan is an important milestone in aligning our capital structure with our operating model,” said Scott Pomeroy, Chief Executive Officer of XTI. “As the Drone Nerds platform drives continued revenue growth, we expect the credit facility to provide flexibility as we seek to optimize our inventory and order book to serve our enterprise and government customers.”
About XTI Aerospace, Inc.
XTI Aerospace, Inc. (Nasdaq: XTIA) is an aerospace technology company focused on the advancement of vertical flight. Through its Drone Nerds business, acquired in November 2025, XTI is a premier provider of unmanned aircraft systems (“UAS”), solutions, services and hardware. Through its XTI Aircraft business, the Company is engaged in the development of advanced vertical takeoff and landing (“VTOL”) aircraft with the range and speed of planes and the take-off and landing capability of helicopters.
Read the full press release on our Investor Relations site.
