quester614
2 semanas hace
The BOOM happened when 140+ million was added to the OS. This POS was $4+ after the merger 9 months ago. Last test flight of the TF600 was back in 2019. Legacy XTI is still involved in a lawsuit with XERI over a failed merger that was to come from a $6 mil down payment XERI took from Auctus a KNOWN toxic lender.
NOTHING BUT A SCAM that will RS again with another merger..
As of April 3, 2024, there were 9,919,411 shares of the registrant’s common stock outstanding.
XTIA Security Details
Share Structure
Market Cap Market Cap 6,594,162 12/09/2024
Authorized Shares Not Available
Outstanding Shares 151,589,927 11/14/2024
luckydude777
4 semanas hace
Toyota is pouring half a billion dollars into its air taxi startup — see the incredible vehicle that has the company so pumped uphttps://www.yahoo.com/news/toyota-pouring-half-billion-dollars-110001029.html
Mon, November 25, 2024 at 6:00 AM EST·3 min read
16
Toyota is pouring half a billion dollars into its air taxi startup — see the incredible vehicle that has the company so pumped up
Toyota Motor Corporation recently invested $500 million to help support the future of electric air taxi travel.
In a recent funding round, Toyota pledged a half-billion to Joby Aviation, a leading aviation startup specializing in electric vertical takeoff and landing — or eVTOL — aircraft. The massive funding boost will help Joby Aviation "secure flight certification and begin commercial production of its sustainable aerial technology," according to an Electrek report.
Joby Aviation launched in 2009 out of Marina, California, quickly rising as a leader in the future of commercial air taxi travel. The company has developed an air taxi powered by six electric motors, which produces no air pollution when operated. Each air taxi can hold one pilot and four passengers and reaches speeds up to 200 miles per hour.
"Flying with us might feel more like getting into an SUV than boarding a plane," the company's website says of its aircraft.
A Joby aircraft is similar in appearance to a helicopter, but exceedingly more planet-friendly. Joby's electric air taxis produce significantly less pollution than all currently approved forms of air travel — especially gas-powered helicopters. Aside from cruise ships, helicopters cause more environmental damage per passenger than any other form of transportation.
According to the New York Times, the Airbus AS350, one popular type of passenger helicopter, produces 950 pounds of polluting carbon per hour. A standard gas-powered car produces 22 pounds per hour.
Watch now: How bad is a gas stove for your home's indoor air quality?
With their electric motors, an eVTOL with three passengers produces 52% less harmful carbon pollution than a car, even when charging its batteries with a dirty energy source like methane gas.
Toyota Motor Corporation has a longstanding relationship with Joby Aviation dating back to 2019. So far, Toyota has invested $894 million in the aviation startup throughout various funding rounds, according to a press release.
In addition to monetary investments, Toyota has also invested time and labor into Joby Aviation. The auto giant has helped the startup with process planning, manufacturing method development, and tooling design. In 2023, the two companies signed a long-term agreement for Toyota to aid in manufacturing key components of Joby's air taxis.
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Joby Aviation says this new half-billion in funding will help realize "the two companies' shared vision of air mobility."
"Today's investment builds on nearly seven years of collaboration between our companies," Joby Aviation founder and CEO JoeBen Bevirt said in the release. "The knowledge and support shared by Toyota has been instrumental in Joby's success and we look forward to deepening our relationship as we deliver on our shared vision for the future of air travel."
Earlier this year, Joby Aviation flew its aircraft in New York City in a pioneering flight. The company recently finished production on its third aircraft. Joby also recently broke ground on an expanded facility in California that will more than double the company's manufacturing impact.
Jimmy Joe
1 mes hace
Another offshoot of CXAI to couple with XTIA is DMN.
Just keeps giving............
Damon Inc., a maker of high-tech, high-performance electric motorcycles, has debuted on the Nasdaq Global Market under the ticker symbol 'DMN'. The company has over $100 million in deposit-backed reservations for its flagship HyperSport and HyperFighter models. Damon aims to redefine the premium motorcycle category with its electric motorcycles that match or surpass the performance of top-tier internal combustion engine models. The company's public listing is expected to fuel the final stage of development of its HyperDrive platform and prepare operations for HyperSport production. Damon's mission is to transform urban mobility and future-proof motorcycling with its safer, smarter, and cleaner motorcycles.
Generated by Yahoo Finance AI
StockItOut
3 meses hace
XTI Aerospace Forms Corporate Advisory Board
NEWS PROVIDED BY
XTI Aerospace, Inc.
Sep 11, 2024, 09:00 ET
Michael Tapp Named Advisory Board Chairman and Senior Advisor
Newly Formed Advisory Board to Help Evaluate Strategic Opportunities
ENGLEWOOD, Colo., Sept. 11, 2024 /PRNewswire/ -- XTI Aerospace, Inc. (NASDAQ: XTIA) today announced formation of the XTI Corporate Advisory Board and the appointment of Michael Tapp as its Chairman. Mr. Tapp is an operating partner for Palingen Capital, an evergreen holding company that acquires lower middle market businesses from legacy-minded owners. Mr. Tapp will also serve as a Senior Advisor to the Company.
"We have begun an exciting new phase in the growth of XTI Aerospace and we have determined that it is time to evaluate our strategic opportunities to best capitalize on strong demand for the TriFan 600 from industry incumbents," said Scott Pomeroy, Chairman and CEO of XTI. "We believe there is a disconnect between the value of XTI's current stock price and the valuations that have been ascribed to XTI by multiple, credible private parties and Michael Tapp will provide guidance to our Board of Directors through the XTI Corporate Advisory Board as we evaluate our strategic pathways."
"XTI innovations represent an inflection point in private regional, medical and military aviation, and I am excited to be part of the team behind it," commented Michael Tapp, newly appointed Chairman of the XTI Corporate Advisory Board and Senior Advisor to XTI. "I have been tasked with assembling a team of key leaders across the industries that demand the capabilities of the TriFan 600 who will provide insights as we advise the XTI Board of Directors in evaluating its corporate direction as XTI enters the next development phase in furtherance of commercialization."
Mr. Tapp is an operating partner for Palingen Capital and has served in a similar role for HBC Investments, a private equity firm, after almost a decade of leadership roles at Interstate Battery. While at Interstate, he was an officer on the senior executive team, the President of Interstate's multi-unit franchise system, and the President of Interstate's industrial power management business. He also has contributed to the Investment Committee of the SBoTX Foundation as well as to the boards of directors and corporate advisory boards of several growth stage companies with international footprints.
Before joining Interstate, Mr. Tapp held senior executive roles at both operating and private equity organizations while serving on the Executive Committee of the Center for New Ventures and Entrepreneurship at Texas A&M University's Mays School of Business.
Mr. Tapp is an active member of the Young Presidents' Organization (YPO) and the National Association of Corporate Directors (NACD).
https://www.prnewswire.com/news-releases/xti-aerospace-forms-corporate-advisory-board-302243871.html
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StockItOut
7 meses hace
Do you wonder why XTI is announcing Mesa as shareholder two plus years after it occurred?
XTI Aircraft Company (legacy XTI) bought its TriFan 600 orders, in exchange for XTI warrants and XTI debt as Convertible Notes.
As of December 31, 2021, we received orders for aircraft which generated $2,715,000 of cash from a combination of deposits and convertible notes.
The Company issued common stock warrants in connection with the execution of certain debt financings during the years ended December 31, 2022 and 2021, and in exchange for a conditional aircraft purchase order by a regional airline during 2022.
On February 2, 2022, the Company executed a conditional purchase order with a regional airline customer to deliver 100 TriFan aircraft. In conjunction with this purchase order, the Company issued a warrant for the purchase of a total of 6,357,474 shares of common stock at an exercise price of $0.01. The warrant vests as follows:
• One third (1/3rd) of the warrants vested on February 2, 2022 upon execution of the purchase order agreement;
• One third (1/3rd) of the warrants will vest: (i) in the event that the Company is acquired by a special purpose acquisition corporation (SPAC) and the customer, in its sole discretion, invests a minimum of $10 million in any private investment in public entity (PIPE) consummated in connection with such SPAC transaction, or (ii) upon the occurrence of any other Liquidation Event (as defined in the agreement) resulting in change control of the Company; and
• One third (1/3rd) of the warrants will vest upon acceptance of delivery and final purchase by the customer of the first TriFan aircraft.
As of December 31, 2022, warrants to purchase one-third or 2,119,137 shares were vested. The other two vesting milestones noted above have not yet been achieved. The Company evaluated the warrants determining the warrants are equity classified. Using the Black-Scholes model, the Company determined the grant-date fair value of the warrants was $11,067,091, which the vested portion of $3,652,140 has been recorded as general and administrative expense and additional paid-in-capital for the year ended December 31, 2022.
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