XTI Aerospace, Inc., a Nevada corporation, recently filed a certificate of amendment to its Restated Articles of Incorporation to implement a reverse stock split of its common stock at a ratio of 1-for-250, effective as of January 10, 2025.
As part of this agreement, XTI Aerospace has also agreed to issue warrants to the Placement Agent to purchase additional shares of Common Stock.
The Reverse Stock Split and the Offering are integral parts of XTI Aerospace’s broader corporate strategy aimed at enhancing shareholder value and liquidity.
XTI Aerospace Company Profile(Get Free Report)XTI Aircraft Company manufactures vertical takeoff airplanes.
XTI Aircraft Company was formerly known as AVX Aircraft Technologies, Inc and changed its name to XTI Aircraft Company in March 2015.

XTI Aerospace Announces Reverse Stock Split and Pricing of Offering