XTI Aerospace Signs Capital Distribution Agreement for Proposed Investment of up to $55 Million at $275 Million Valuation [Yahoo! Finance]
XTI Aerospace, Inc. (XTIA)
Company Research
Source: Yahoo! Finance
ENGLEWOOD, Colo. July 1, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) ("XTI" or the "Company") today announced that it has entered into an agreement with FC Imperial Limited ("FCIL"), an affiliate of a private global investment consortium, FinExic Concordia Group, ("FCG" or "Investor Consortium"), for a proposed strategic equity investment for shares of convertible preferred stock (the "Investment") of up to $55 million (the "Maximum Amount") at a post-money valuation of $275 million (the "Locked Valuation"), with the successful consummation of the entire transaction process. Mr. Anindya Chakraborty , leading the investment structuring for the Investment Consortium, said "For well over a year, extensive discussions were held with XTI management and XTI engineering team along with review of sector trends and technologies being developed. The Trifan is unique and perhaps the most efficient, practical, versatile and commercially viable VTOL aircraft with clear attributes of
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News
- XTI Aerospace Signs Capital Distribution Agreement for Proposed Investment of up to $55 Million at $275 Million ValuationPR Newswire
- Damon Motors Provides Update on Business Combination with Grafiti Holding [Yahoo! Finance]Yahoo! Finance
- XTI Aerospace Files New U.S. Patent Application on Innovations and Submits Global PCT Patent Application for the TriFan 600 Vertical Takeoff Airplane [Yahoo! Finance]Yahoo! Finance
- XTI Aerospace Files New U.S. Patent Application on Innovations and Submits Global PCT Patent Application for the TriFan 600 Vertical Takeoff AirplanePR Newswire
- XTI Aerospace Announces Mesa Airlines' Investment in XTI and Conditional Pre-Order for 100 TriFan 600 Aircraft [Yahoo! Finance]Yahoo! Finance
XTIA
Sec Filings
- 7/1/24 - Form 8-K
- 6/24/24 - Form 8-K
- 6/21/24 - Form SC
- XTIA's page on the SEC website