XTI Aircraft Company

Inpixon and XTI Aircraft Company anticipate the closing of their merger on March 12, 2024, with the combined company to be named XTI Aerospace, Inc. and begin trading on Nasdaq under ticker XTIA on March 13, 2024.

Inpixon announced shareholder approval of proposals related to its merger agreement with XTI Aircraft Company, developer of the TriFan 600 VTOL aircraft. The combined company will operate as XTI Aerospace and is expected to close around year-end 2023.

Inpixon entered into a definitive merger agreement with XTI Aircraft Company, developer of the TriFan 600 VTOL aircraft. The combined company will focus on advancing the TriFan 600 and offering RTLS technology. XTI's enterprise value is estimated between $252 million and $343 million.

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.

Xeriant signed a definitive joint venture agreement with XTI Aircraft Company to develop XTI's hybrid-electric fixed-wing TriFan 600 VTOL aircraft. The aircraft has presales exceeding $1.3 billion.