XTI Aerospace Provides Update on Former Subsidiary Spin-Off Distribution and Proposed Business Combination with Damon Motors

xti-aerospaceENGLEWOOD, 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 expected to be one of the safest, smartest, and most powerful motorcycles available in the market with 200 hp, speeds of up to 200 mph, and a range of 200 miles. Additional information about Damon is available at: https://damon.com/.

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