XTI Aerospace Files Form 10-Q for Quarter Ended March 31, 2024

xti-aerospaceENGLEWOOD, Colo., May 20, 2024 /PRNewswire/ — XTI Aerospace, Inc. (NASDAQ: XTIA) (“XTI” or the “Company”) today announces filing its quarterly report on Form 10-Q for the quarter ended March 31, 2024 as well as provides a business update.

“The first quarter of 2024 was truly an inflection point for the Company as we completed the merger and began trading on the Nasdaq, illustrating the start of our greater journey,” commented Scott Pomeroy, chief executive officer of XTI Aerospace. “We are now focused on advancing the TriFan 600, a fixed-wing, vertical lift crossover airplane, toward key milestones including finalizing our certification plan with the Federal Aviation Administration, selecting all of our structures and system suppliers, completing the Critical Design Review (CDR), and obtaining Type Certification (TC) of the TriFan 600. Our team is excited to bring this aircraft to our customers in support of their business and mission objectives. We are also advancing key strategic partnerships including ones we believe could accelerate our timelines and further reduce costs, which we look forward to announcing in the near future.”

Read the full press release on our Investor Relations site