# Xeriant and XTI Aircraft sign LOI to pursue merger

Xeriant and XTI Aircraft have executed a Letter of Intent to pursue a merger whereby Xeriant would acquire 100% of XTI's shares. The parties will negotiate a definitive merger agreement by October 22, 2021.

- Type: Acquisition
- Announced: 2021-09-22
- Where: United States
- Status: announced
- Products: hybrid-electric VTOL aircraft
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Xeriant](https://endata.com/companies/56212.md) (acquirer)
- [XTI Aircraft Company](https://endata.com/companies/56213.md) (target)

## Sources

- [airframer.com](https://www.airframer.com/news/release/xeriant-and-xti-aircraft-sign-loi-to-pursue-merger), 2021-09-22: "Xeriant and XTI Aircraft announced today that they have executed a Letter of Intent to pursue a merger whereby Xeriant would acquire 100% of the issued and outstanding shares of XTI."
- [globenewswire.com](https://www.globenewswire.com/news-release/2021/09/22/2301292/0/en/xeriant-and-xti-aircraft-sign-loi-to-pursue-merger.html), 2021-09-22: "Xeriant and XTI Aircraft Company announced today that they have executed a Letter of Intent to pursue a merger whereby Xeriant would acquire 100% of the issued and outstanding shares of XTI."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.