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Apex Trader Funding (ATF) - News

XTI Aerospace Secures ~$55M Investment To Boost TriFan Aircraft Production - What's On The Radar?

XTI Aerospace, Inc. (NASDAQ:XTIA) announced a strategic equity investment agreement with FC Imperial Limited, an affiliate of the FinExic Concordia Group, for up to $55 million in convertible preferred stock. The investment values XTI at $275 million post-money and aims to accelerate the development of its innovative TriFan aircraft. Anindya Chakraborty, leading the investment structuring for the Investment Consortium, said, “The Trifan is unique and perhaps the most efficient, practical, versatile and commercially viable VTOL aircraft with clear attributes of ushering in a game changing reality to the aviation industry.” The investment ...