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Stock impact report

Mesa Provides Additional Detail on Holdings in XTI Aerospace

Mesa Air Group, Inc. (MESA) 
Last mesa air group, inc. earnings: 2/10 04:02 pm Check Earnings Report
Company Research Source: GlobeNewswire
PHOENIX, June 05, 2024 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) (“Mesa” or the “Company”) today provided additional detail around its holdings in XTI Aerospace, Inc. (“XTI Aerospace”), which is developing the TriFan 600, a unique, fixed-wing vertical lift crossover airplane (VLCA) that can take off and land like a helicopter and is configurable to transport up to six passengers. XTI Aerospace began publicly trading on the Nasdaq (symbol: XTIA) on March 13, 2024, following the closing of the merger between XTI Aircraft Company ("XTI") and Inpixon, a provider of real-time location systems, on March 12, 2024 (the “Merger”). In connection with the closing of the Merger, Mesa received 283,734 shares of XTI Aerospace common stock upon exercising certain warrants for XTI common stock (the “XTI Warrants”) that were assumed by XTI Aerospace in the Merger. Mesa initially received the XTI Warrants in February 2022 in connection with entering into an Aircraft Purchase Agree Show less Read more
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