XTIA

New Advisory Board Member: XTI Aerospace has appointed Preston Dunlap to its Corporate Advisory Board, leveraging his extensive experience in national security and aerospace technology to aid the development of their TriFan 600 aircraft.

TriFan 600's Potential: The TriFan 600 is designed to combine the efficiency of fixed-wing flight with VTOL capabilities, aiming to enhance both commercial aviation and military operations, particularly in defense and emergency response sectors.

TriFan 600 Development Progress: XTI Aerospace has met its Q1 objectives and outlined key milestones for Q2 2025, including the first flight of the subscale model "Sparrow," engine and drivetrain supplier selections, and a noise assessment to minimize environmental impact.

Future Plans and Pre-Sales: The company plans to reopen pre-sales for the TriFan 600 later in 2025, with ongoing efforts towards type certification and further development phases aimed at enhancing design and performance capabilities.

Company Progress and Developments: XTI Aerospace has made significant advancements in aircraft design, particularly with the TriFan 600, and has expanded its intellectual property portfolio, setting the stage for pre-orders and FAA certification in 2025.

Financial Growth and Future Outlook: The company raised $24 million through equity offerings and is actively pursuing FAA Type Certification, while also enhancing its leadership team and preparing to reopen pre-orders for the TriFan 600 later this year.

XTI Aerospace Unveils TriFan 600 Model: At the Avalon Airshow in Melbourne, XTI Aerospace showcased its new tradeshow model of the TriFan 600, a revolutionary aircraft featuring vertical takeoff and landing (VTOL) capabilities and advanced aerodynamic design.

Upcoming Flight Testing: The company plans to begin flight testing its subscale model, codenamed "Sparrow," later this month to validate its performance and safety standards, while generating excitement among potential customers and industry leaders.

Milestone Achievement: XTI Aerospace has completed the Global Finite Element Model (GFEM) for its TriFan 600 configuration, marking a significant engineering milestone in Q1 2025.

Design Advancement: This completion enhances the design team's capabilities to conduct structural integrity and load distribution analyses for the aircraft.

XTI Aerospace Launches New Lab: XTI Aerospace has opened the Prototyping and Innovation Lab in Grand Forks, North Dakota, aimed at advancing the development of their TriFan 600 aircraft, particularly focusing on subscale models and flight control systems under the guidance of Professor Robert Lunnie.

Collaboration and Innovation in Aviation: The lab is part of a collaborative effort within The HIVE incubator, enhancing Grand Forks' position as a hub for aviation innovation, with support from local government, the University of North Dakota, and various aerospace entities.

Company Overview and Financial Challenges: XTI Aerospace, under CEO Scott Pomeroy, has faced significant financial hurdles since its Nasdaq listing in March 2024, including obligations exceeding $30 million and a substantial drop in stock value. The company has recently raised $4 million to eliminate these obligations and is now focused on advancing its TriFan 600 aircraft project.

Future Plans and Investor Engagement: XTI Aerospace believes its shares are undervalued and is launching a non-deal roadshow to engage institutional investors, aiming for 100 meetings in April and May 2025. The company emphasizes its commitment to innovation and long-term shareholder value while addressing market volatility and operational sustainability.

Public Offering Announcement: XTI Aerospace, Inc. has successfully closed a public offering of 2,941,200 shares of common stock and warrants, raising approximately $4 million for general working capital and repayment of secured promissory notes.

Company Overview: XTI Aerospace is developing the TriFan 600, a VTOL-capable aircraft, and also operates Inpixon, which specializes in real-time location systems technology for industrial applications.

Stock Market Performance: U.S. stocks declined significantly, with the Dow Jones dropping over 500 points and major indices like NASDAQ and S&P 500 also falling; utilities shares were among the few to gain, while consumer discretionary stocks suffered losses.

Economic Indicators: The Personal Consumption Expenditures (PCE) price index rose by 2.5% year-over-year, aligning with forecasts, while personal spending increased by 0.4% month-over-month, slightly below expectations; consumer sentiment also fell in March.

U.S. Stock Market Performance: U.S. stocks opened lower, with the Nasdaq Composite dropping approximately 100 points, while the Dow and S&P 500 also saw declines. Utilities shares rose by 0.6%, contrasting with a 1.4% drop in consumer discretionary shares.

Economic Indicators: The Personal Consumption Expenditures (PCE) price index increased by 2.5% year-over-year, aligning with forecasts, while personal spending rose by 0.4% month-over-month, slightly below expectations.

Public Offering Announcement: XTI Aerospace, Inc. has priced a public offering of 2,941,200 shares of common stock and warrants at $1.36 per share, aiming to raise approximately $4 million for working capital and repayment of secured promissory notes.

Company Overview: XTI Aerospace is developing the TriFan 600, a vertical lift crossover airplane, and also operates Inpixon, which specializes in real-time location systems technology for industrial applications.

Braze, Inc. Financial Performance: Braze, Inc. shares surged 11.6% in pre-market trading after reporting fourth-quarter earnings of 12 cents per share, exceeding analyst expectations, and providing strong FY26 adjusted EPS guidance.

Market Movements: Several stocks experienced significant pre-market movements, with Portage Biotech Inc. gaining 108% following positive data release, while Direct Digital Holdings, Inc. saw a sharp decline of 36.1% due to disappointing financial results.

Market Reaction to Tariffs: U.S. stock futures declined following the announcement of new auto tariffs on foreign cars and parts, with President Trump threatening higher tariffs if the EU and Canada retaliate. Investors are also closely monitoring inflation measures ahead of the Federal Reserve's upcoming meeting.

Sector Performance and Earnings Reports: Most sectors in the S&P 500 experienced losses, particularly in energy and technology, while some companies like TD Synnex and Verint Systems saw significant drops in their stock prices after disappointing earnings reports.

Public Offering Announcement: XTI Aerospace plans to sell shares and warrants in an underwritten public offering, with proceeds aimed at working capital and repaying secured promissory notes, although the completion of the offering is uncertain due to market conditions.

Stock Price Impact: Following the announcement, XTI Aerospace's stock price fell approximately 27% during pre-market trading.

XTI Aerospace Public Offering: XTI Aerospace announced plans to sell shares of its common stock and warrants in an underwritten public offering, with proceeds aimed at general working capital and repaying secured promissory notes.

Management and Developments: ThinkEquity is the sole book-running manager for the offering, while XTI Aerospace continues to make strategic appointments and advancements, including a new advisory board member and FAA application acceptance.

Fuel System Design Update: XTI Aerospace has successfully updated its fuel system design, increasing the fuel capacity in the wings of its TriFan 600 aircraft from 300 gallons to 400 gallons while reducing unusable fuel.

Milestone Achievement: This update marks a significant engineering milestone for the company in the first quarter of 2025, as previously announced in a press release.

Appointment Announcement: XTI Aerospace has appointed Archduke Sandor Habsburg-Lothringen to its Corporate Advisory Board, bringing over 30 years of experience in global business strategy and sustainable technologies to support the development of their TriFan 600 aircraft.

Expertise and Vision: Archduke Sandor's background in thermodynamics, energy conservation, and environmental protection aligns with XTI's mission to innovate air mobility through sustainable solutions, enhancing the company's strategic growth in the aviation sector.

Engine Design Milestone: XTI Aerospace has successfully updated the engine air inlet and exhaust design for its TriFan 600 aircraft, significantly enhancing air intake and exhaust flow to optimize performance in various flight modes.

Ongoing Development Goals: The company has outlined additional engineering milestones for Q1, including a fuel system design and a flight deck mockup, as part of their efforts to advance the development of the TriFan 600, a vertical lift crossover airplane.

Type Certification Milestone: XTI Aerospace announced that its Type Certification application for the TriFan 600 was accepted by the FAA, marking a significant milestone in their product and engineering progress for Q1 2025.

Collaboration with FAA: The company is actively working with the FAA to develop new powered-lift requirements and refine their certification plan, aiming to bring a safe VTOL aircraft to market while learning from industry pioneers.

Share Repurchase Program: XTI Aerospace's board has approved a program to buy back up to $5 million of its common stock, with approximately 3.7 million shares outstanding as of March 18.

Recent Stock Performance: The company's shares have recently declined following the announcement of a $20 million offering priced at-the-market.