XTI Aerospace Signs Capital Distribution Agreement for Proposed Investment Up $55M At $275M Valuation
Portfolio Pulse from Benzinga Newsdesk
XTI Aerospace has signed a capital distribution agreement for a proposed investment of up to $55 million, valuing the company at $275 million. This investment is expected to significantly accelerate the development of the TriFan 600, a revolutionary long-range civilian fixed-wing VTOL business aircraft, if the deal is successfully consummated.
July 01, 2024 | 1:01 pm
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XTI Aerospace has signed a capital distribution agreement for a proposed investment of up to $55 million, valuing the company at $275 million. This investment is expected to significantly accelerate the development of the TriFan 600, a revolutionary long-range civilian fixed-wing VTOL business aircraft, if the deal is successfully consummated.
The proposed investment of up to $55 million is significant for XTI Aerospace as it will provide the necessary capital to accelerate the development of their TriFan 600 aircraft. This could lead to advancements in their product offerings and potentially increase their market share in the aerospace industry.
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