XTI Aerospace Announces Closing of Business Combination Between Former Subsidiary and Damon Motors [Yahoo! Finance]
XTI Aerospace, Inc. (XTIA)
Company Research
Source: Yahoo! Finance
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 Market on November 18, 2024 "We congratulate Damon on both completing its merger and on Damon's listing on Nasdaq," said Scott Pomeroy , Chairman and CEO of XTI Aerospace. "We believe Damon's motorcycles are destined to transform the two-wheeled transportation market, and we look forward to watching their progress as XTI strives to transform aerial transportation." Prior to the closing of the business combination, the previously announced 1-for-50 share distribution of Damon common shares to the December 27, 2023 record date participating stockholders o
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XTIA
News
- XTI Aerospace Completes General Familiarization Presentation of TriFan 600 Vertical Lift Crossover Airplane (VLCA) to FAA [Yahoo! Finance]Yahoo! Finance
- XTI Aerospace Completes General Familiarization Presentation of TriFan 600 Vertical Lift Crossover Airplane (VLCA) to FAAPR Newswire
- XTI Aerospace Announces Closing of Business Combination Between Former Subsidiary and Damon MotorsPR Newswire
- XTI Aerospace Provides Third Quarter 2024 Business Update [Yahoo! Finance]Yahoo! Finance
- XTI Aerospace Provides Third Quarter 2024 Business UpdatePR Newswire
XTIA
Sec Filings
- 12/20/24 - Form DEFA14A
- 12/13/24 - Form 8-K
- 12/5/24 - Form 8-K
- XTIA's page on the SEC website