XTI Aerospace Submits Patent Application With USPTO Related To TriFan 600 VTOL Aircraft
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XTI Aerospace Submits Patent Application With USPTO Related To TriFan 600 VTOL Aircraft
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XTI Aerospace, Inc. (NASDAQ:XTIA) announced a strategic equity investment agreement with FC Imperial Limited, an affiliate of the FinExic Concordia Group, for up to $55 million in convertible preferred stock. The investment values XTI at $275 million post-money and aims to accelerate the development of its innovative TriFan aircraft. Anindya Chakraborty, leading the investment structuring for the Investment Consortium, said, “The Trifan is unique and perhaps the most efficient, practical, versatile and commercially viable VTOL aircraft with clear attributes of ushering in a game changing reality to the aviation industry.” The investment will support several key milestones, including
Investment Expected to Significantly Accelerate Development of Revolutionary TriFan 600 Long-Range Civilian Fixed-Wing VTOL Business Aircraft, if Successfully Consummated
ENGLEWOOD, Colo., Oct. 30, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ:XTIA) ("XTI Aerospace" or the "Company") today announced that Jennifer Gaines has joined the Company as its Chief Legal Officer, effective October 28, 2024. Ms. Gaines will report directly to the Company's Chairman and CEO, Scott Pomeroy, and will be responsible for overseeing all XTI Aerospace's legal and compliance functions. Ms. Gaines brings a wealth of in-house counsel experience spanning diverse industries including technology, telecommunications, aerospace, and private equity. Prior joining XTI
ENGLEWOOD, Colo., Sept. 23, 2024 /PRNewswire/ --XTI Aerospace, Inc. (NASDAQ:XTIA) ("XTI" or the "Company") today announced the appointment of Tobin Arthur as Chief Strategy Officer, effective as of September 19, 2024. In this new role, Mr. Arthur will help guide the Company's vision and oversee its sales, marketing, and investor relations. Tobin Arthur brings over thirty years of experience in helping companies develop and implement corporate strategies focused on innovation. Early in his career, he helped Starbucks Coffee bring disruptive innovation to the market as it became
Michael Tapp Named Advisory Board Chairman and Senior Advisor Newly Formed Advisory Board to Help Evaluate Strategic Opportunities ENGLEWOOD, Colo., Sept. 11, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ:XTIA) today announced formation of the XTI Corporate Advisory Board and the appointment of Michael Tapp as its Chairman. Mr. Tapp is an operating partner for Palingen Capital, an evergreen holding company that acquires lower middle market businesses from legacy-minded owners. Mr. Tapp will also serve as a Senior Advisor to the Company. "We have begun an exciting new phas
8-K - XTI Aerospace, Inc. (0001529113) (Filer)
8-K - XTI Aerospace, Inc. (0001529113) (Filer)
10-Q - XTI Aerospace, Inc. (0001529113) (Filer)
SC 13G/A - XTI Aerospace, Inc. (0001529113) (Subject)
SC 13G - XTI Aerospace, Inc. (0001529113) (Subject)
SC 13G - XTI Aerospace, Inc. (0001529113) (Subject)
ENGLEWOOD, Colo., Nov. 18, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ:XTIA) ("XTI Aerospace" or the "Company") today congratulates Damon Motors Inc. ("Damon Motors") on the announced completion of its business combination with Grafiti Holding Inc. a former subsidiary of XTI Aerospace, Inc., (which was renamed Damon Inc. on closing) ("Damon"). In connection with the transaction, XTI Aerospace received securities of Damon consisting of common stock and warrants. The common shares of Damon Inc. are expected to begin trading under the ticker symbol "DMN" on the Nasdaq Global
ENGLEWOOD, Colo., Nov. 14, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ:XTIA) ("XTI Aerospace" or the "Company") today provided a business update and announced the scheduled filing of its quarterly report on Form 10-Q for the quarter ended September 30, 2024. "We are making steady progress as it relates to the development of the TriFan 600, a fixed-wing, vertical lift crossover airplane uniquely designed to meet the needs of the evolving aviation industry and its customers," commented Scott Pomeroy, CEO of XTI Aerospace. "We are nearing the completion of our conceptual des
ENGLEWOOD, Colo., Nov. 13, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ:XTIA) ("XTI Aerospace" or the "Company") today announced that Javier de la Peña, Strategy and Operations Executive at Woven by Toyota, a Toyota Motor Corporation Group Company, has joined the XTI Aerospace Corporate Advisory Board. Mr. de la Peña is a strategic leader with over 15 years of experience driving transformative initiatives in the transportation, robotics and technology sectors. In his current role at Woven by Toyota, a Toyota Motor Corporation Group Company, he is focused on advancing Toyot
XTI Aerospace Began Trading on the Nasdaq Under Ticker "XTIA" on March 13, 2024 Following Successful Merger ENGLEWOOD, Colo., April 16, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ:XTIA) ("XTI Aerospace" or the "Company") announces filing its form 10-K for the 2023 fiscal year as well as provides a recap of recent achievements. Recent Highlights: Completed merger with Inpixon on March 12, 2024Began trading on the Nasdaq Capital Market under ticker "XTIA" on March 13, 2024Hosted business update presentation on March 25, 2024Scott Pomeroy, chief executive officer of XTI Ae
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