XTI Aerospace Announces Stock Consolidation Plan

XTI Aerospace, Inc. has announced a strategic plan for 2025 that includes a 1-for-250 reverse stock split aimed at strengthening its financial position and complying with Nasdaq regulations. This move comes as the Federal Aviation Administration (FAA) has recognized the powered-lift category, which XTI views as a significant opportunity to enhance its leadership in the vertical takeoff and landing (VTOL) market. Following the announcement, XTI's stock surged over 32%, highlighting investor optimism. The company is focusing on its flagship product, the TriFan 600, and expanding its expertise in the powered-lift sector. CEO Scott Pomeroy emphasized the company’s commitment to becoming a leader in aviation technology through strategic development and acquisitions. With a strengthened balance sheet, XTI aims to position itself for long-term growth and innovation in the aviation industry.