Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 19

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 19
---
 never develop or manufacture any VTOL aircraft according to our current development
schedule, or at all.

We have a limited operating history in the VTOL aircraft industry.
Our primary VTOL aircraft product is the TriFan 600 airplane, which is currently in the developmental stage. If we are successful in commercially
producing the TriFan 600 according to our current development schedule, we do not expect to be able to obtain approval from the FAA and
regulatory bodies in other countries, and commence deliveries until 2030 at the earliest, if at all. We have no experience as an organization
in high volume manufacturing of the TriFan 600 or any other type of aircraft. We cannot assure you that we or our partners will be able
to develop efficient, automated, cost-efficient manufacturing capabilities and processes and reliable sources of component supplies that
will enable us to meet the quality, price, engineering, design and production standards, as well as the production volumes, required to
successfully mass market our aircraft. You should consider our business and prospects in light of the risks and significant challenges
we face as a new entrant into our industry, including, among other things, with respect to our ability to:

●design
                                            and produce safe, reliable and quality aircraft on an ongoing basis;

●obtain
                                            the necessary regulatory approvals in a timely manner;

●build
                                            a well-recognized and respected brand;

●establish
                                            and expand our customer base;

●successfully
                                            service our aircraft after sales and maintain a good flow of spare parts and customer goodwill;

●improve
                                            and maintain our operational efficiency;

●predict
                                            our future revenues and appropriately budget for our expenses;

●attract,
                                            retain and motivate talented employees;

●anticipate
                                            trends that may emerge and affect our business;

●anticipate
                                            and adapt to changing market conditions, including technological developments and changes
                                            in our competitive landscape; and

●navigate
                                            an evolving and complex regulatory environment.

If we fail to adequately address any or all of these risks and challenges,
our business, financial condition and results of operations may be materially and adversely affected. There is no assurance that we will
ever be profitable or generate sufficient revenue to pay dividends to the holders of our common stock. We do not believe we will be able
to generate revenues from the sale of aircraft without successfully securing FAA certification of the TriFan 600 airplane, which involves
substantial risk. As a result, we are dependent upon raising sufficient financing