XTI Aerospace (XTIA) Company Report

XTI Aerospace, Inc. completed the disposition of its Inpixon Business on February 3, 2026, selling it to EVO 467. GmbH for a purchase price of EUR 4,640,000 (approximately $5,475,000).
In connection with the disposition, Soumya Das resigned from his positions as a director and Chief Executive Officer of the Real-Time Location Systems division, effective January 29, 2026.
Mr. Das received a separation payment totaling $719,312.50 (excluding COBRA costs and pre-approved business expenses) and full vesting of his stock options.
Jonathan G. Ornstein was appointed as an independent director to the Board, effective February 1, 2026, filling the vacancy left by Mr. Das. He will chair the Nominating and Corporate Governance Committee and serve on the Audit and Compensation Committees.

2 hours ago

8-K

XTI Aerospace to Host Investor Town Hall on Drone Nerds Acquisition and 2026 Growth Priorities

XTIA

M&A

New Projects/Investments

XTI Aerospace (Nasdaq: XTIA) will host an Investor Town Hall on February 5, 2026, at 4:30 PM EST, to discuss its strategic repositioning following the acquisition of Drone Nerds.
The Town Hall will outline strategic priorities for 2026 and discuss how the Drone Nerds acquisition provides revenue visibility and a foundation for long-term growth.
Key topics include Drone Nerds' unmanned aircraft system (UAS) capabilities, the impact of the recent Federal Communications Commission decision on foreign-made drones, and XTI's UAS growth roadmap for commercial, government, and defense applications.
XTI Aerospace acquired Drone Nerds, a premier provider of UAS solutions, services, and hardware, in November 2025.

Jan 22, 2026, 10:30 PM

Press Release

XTI Aerospace CEO Outlines 2026 Strategy After Drone Nerds Acquisition

XTIA

M&A

New Projects/Investments

Revenue Acceleration/Inflection

XTI Aerospace acquired Drone Nerds for approximately $40 million in November 2025, strategically transforming its focus to the U.S. domestic enterprise, government, and defense drone markets.
Drone Nerds generated revenues in excess of $100 million for 2024 and is expected to generate over $100 million in annual revenue with positive earnings and cash flow based on historical performance.
The company's market capitalization increased from less than $10.0 million on April 1, 2025, to nearly $65.0 million on January 16, 2026.
New FCC limits on foreign-made drones, effective December 22, 2025, are anticipated to drive continued growth for Drone Nerds, which has established sources for U.S.-made alternatives.
In 2026, XTI Aerospace is reducing spending on its historic aircraft program to the lowest practical level to strengthen its financial foundation with Drone Nerds.

Jan 20, 2026, 1:30 PM

Press Release

XTI Aerospace, Inc. Announces Drone Nerds Acquisition and Pro Forma Financials

XTIA

M&A

Convertible Preferred Issuance

New Projects/Investments

XTI Aerospace, Inc. acquired Drone Nerds, LLC and Anzu Robotics, LLC (collectively "Drone Nerds") on November 10, 2025.
The total purchase consideration for the acquisition was $40.0 million, consisting of $20.0 million in cash, $10.3 million in promissory notes, and $9.7 million in equity consideration.
The company also completed a $25.0 million private placement of Series 10 Convertible Preferred Stock with Unusual Machines, Inc. in November 2025, which subsequently converted into common stock and pre-funded warrants on January 5, 2026.
Unaudited pro forma condensed combined financial information is provided for the nine months ended September 30, 2025, and the year ended December 31, 2024, reflecting the acquisition.

Jan 14, 2026, 1:00 PM

8-K

XTI Aerospace, Inc. Enters New Employment Agreement with CSO and Issues Equity to Unusual Machines

XTIA

Executive Compensation

Convertible Preferred Issuance

Management Change

XTI Aerospace, Inc. entered into a new employment agreement with Tobin Arthur, the Company’s Chief Strategy Officer, effective January 5, 2026. The agreement includes an annualized base salary of $600,000, potential quarterly bonuses of up to 100% of his annualized base salary, and a $250,000 continuation bonus paid in six equal monthly installments.
On January 5, 2026, the company issued 1,721,980 shares of Common Stock and a pre-funded warrant to purchase 15,307,735 shares of Common Stock to Unusual Machines, Inc.. This issuance resulted from the automatic conversion of Series 10 Convertible Preferred Stock, which Unusual Machines, Inc. had purchased for $25,000,000 on November 12, 2025.
The pre-funded warrant is immediately exercisable with an exercise price of $0.0001 per share, which is deemed pre-paid as part of the initial subscription amount. It includes a beneficial ownership limitation, preventing the holder from owning more than 4.99% (or 9.99% at the holder's election) of the outstanding Common Stock immediately after exercise.

Jan 9, 2026, 10:10 PM

8-K

XTI Aerospace Positions for U.S. Commercial Drone Market Leadership Amid New FCC Action

XTIA

M&A

New Projects/Investments

XTI Aerospace, Inc. (Nasdaq: XTIA) is positioned to capitalize on new Federal Communications Commission (FCC) regulations that restrict future authorizations of certain foreign-made unmanned aircraft systems (UAS), creating a clear opportunity for U.S. drone companies.
This strategic market positioning is largely driven by XTI's acquisition of Drone Nerds in November 2025, which is identified as one of the leading enterprise UAS solutions providers in the United States.
Drone Nerds offers a differentiated full-stack solution that aligns with U.S. supply chain and compliance expectations, enabling customers to transition to compliant, high-performance systems.
Beyond its UAS business, XTI Aerospace also maintains a portfolio of advanced aviation and technology initiatives, including XTI Aircraft Company, which is developing the TriFan 600, and Inpixon, a provider of real-time location systems technology.

Dec 24, 2025, 12:05 AM

Press Release

XTI Aerospace Reports Q3 2025 Results and Business Update

XTIA

Earnings

New Projects/Investments

M&A

XTI Aerospace, Inc. reported its Third Quarter 2025 results and provided a business update on November 19, 2025.
The company closed an $18.5 million (net) public offering in September 2025, which bolstered liquidity to support engineering and certification activities.
Cash and cash equivalents increased to $32.2 million as of September 30, 2025, compared to $4.1 million at December 31, 2024, and stockholders' equity grew to $10.5 million as of September 30, 2025, up from $6.6 million at December 31, 2024.
Key TriFan 600 development milestones included completing multiple FAA technical familiarization reviews, advancing subscale aircraft development with initial flight operations for the Sparrow and Kestrel prototypes, and selecting the Garmin G700 TXi integrated flight deck.
Subsequent to quarter end, XTI Aerospace acquired Drone Nerds and secured a $25 million strategic investment from Unusual Machines (UMAC), broadening its strategic posture and expanding its near-term revenue mix.

Nov 19, 2025, 10:05 PM

8-K

XTI Aerospace Reports Q3 2025 Results and Strategic Developments

XTIA

Earnings

M&A

New Projects/Investments

XTI Aerospace reported a significant increase in cash and cash equivalents to $32.2 million as of September 30, 2025, up from $4.1 million at year-end 2024, primarily due to an $18.5 million net public offering in September.
The company achieved key TriFan 600 development milestones, including multiple FAA technical familiarization reviews, successful subscale flight operations, and the selection of the Garmin G700 TXi integrated flight deck.
Subsequent to Q3 2025, XTI Aerospace acquired Drone Nerds, a drone distributor with over $100 million in 2024 revenue, and secured a $25 million strategic investment from Unusual Machines (UMAC).
XTI Aerospace is progressing towards a TriFan 600 piloted demonstrator in 2027 and has launched the Valkyrie Vanguard Platform to integrate AI and advanced materials into VTOL development.

Nov 19, 2025, 10:00 PM

Press Release

XTI Aerospace Highlights Strategic Milestones and Investment at Mar-a-Lago Event

XTIA

New Projects/Investments

M&A

XTI Aerospace's executive leadership hosted an exclusive dinner at Mar-a-Lago on November 19, 2025, to showcase strategic milestones for its TriFan 600 aircraft and its strengthening market position.
The event highlighted the company's recent acquisition of Drone Nerds, LLC, and a $25 million strategic investment by Unusual Machines, Inc..
XTI Aerospace is developing the TriFan 600, a vertical takeoff and landing (VTOL) aircraft, and has expanded into unmanned aerial systems through its subsidiary, Drone Nerds, LLC.

Nov 19, 2025, 2:00 PM

Press Release

XTI Aerospace Acquires Drone Nerds and Secures Strategic Investment

XTIA

M&A

New Projects/Investments

Convertible Preferred Issuance

XTI Aerospace, Inc. acquired Drone Nerds on November 10, 2025, for a total purchase consideration of $40.0 million, comprised of $20.0 million in cash, $10.3 million in promissory notes, and $9.7 million in equity consideration.
Drone Nerds, described as one of the largest U.S. based drone distributors, reported over $100 million in 2024 annual revenue and greater than $55 million in revenue through June 30, 2025, with a ten-year record of profitability.
Immediately following the acquisition, XTI closed a $25 million private placement investment from Unusual Machines, Inc..
This investment involved XTI issuing 25,000 shares of newly designated Series 10 Convertible Preferred Stock at a subscription amount of $1,000 per share, convertible into common stock at a conversion price of $1.492 per share.