Company: XTIA
Filing Date: 2025-06-25
Form Type: 424B4
Source: 0001213900-25-057901
Chunk: 6

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-25
Form: 424B4
Chunk 6
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 facets of the airplane. We believe that by bringing together a mix of talent
with VTOL and traditional commercial aerospace backgrounds, we have built a team that enables us to move through the design, development,
and certification of our xVTOL airplane with the Federal Aviation Administration (“FAA”) in an efficient manner, thus allowing
us to achieve our end goal of bringing to market our airplane as efficiently as possible.

To date, we have not generated
any revenue from aircraft sales because we are still designing and developing our xVTOL airplane. Additionally, we are seeking the necessary
governmental approvals to bring the airplane into service. To continue funding these efforts, we will need to raise capital for the foreseeable
future. The amount and timing of our future capital needs will depend on various factors, including the progress and results of our airplane’s
design and development, our manufacturing operations, and our success in obtaining the required FAA certifications and other government
approvals. For instance, any significant delays in securing FAA certifications or other government approvals may force us to raise more
capital and could postpone our ability to generate revenue from aircraft sales.

Our RTLS solutions leverage
cutting-edge technologies such as IoT, AI, and big data analytics to provide real-time tracking and monitoring of assets, machines, and
people within industrial environments. With our RTLS solutions, businesses can achieve improved operational efficiency, enhanced safety
and reduced costs. By having real-time visibility into operations, industrial organizations can make informed, data-driven decisions,
minimize downtime, and ensure compliance with industry regulations.

We report financial results
for two segments: Commercial Aviation and Industrial IoT. For Industrial IoT, we generate revenue from sales of hardware, software licenses
and professional services. During the quarter ended December 31, 2024, we began exploring strategic options to wind down and/or sell the
hardware portions of our Industrial IoT business segment in order to shift its focus towards the sales of software products. For Commercial
Aviation, the segment is pre-revenue as we are currently developing the TriFan 600 airplane.

Corporate Strategy Update

Our
primary focus is to power what we term the “vertical economy” by delivering high-performance xVTOL solutions that scale from
aircraft to innovative technologies and infrastructure. We identify seven areas that comprise the vertical economy: manned aircraft, unmanned
aircraft, power technology, airspace and infrastructure management, artificial intelligence, aircraft advanced materials and next gen
manufacturing. The term “xVTOL” is intended to encompass the broad spectrum