Streetbeat News

XTIA

XTI Aerospace, Inc.

https://www.xtiaircraft.com

Industry

Aerospace & Defense

XTI Aircraft Company manufactures vertical takeoff airplanes. The company provides TriFan 600, which lifts off vertically. XTI Aircraft Company was formerly known as AVX Aircraft Technologies, Inc. and changed its name to XTI Aircraft Company in March 2015. The company was incorporated in 2009 and is based in Englewood, Colorado.

Open

0.05

Mkt cap

7.4M

Volume

88M

High

0.05

P/E Ratio

-0.04

52-wk high

11.50

Low

0.05

Div yield

N/A

52-wk low

0.04

XTI Aerospace (XTIA) shares are trading higher following an agreement with FC Imperial Limited for a proposed equity investment of up to $55 million in convertible preferred stock, valuing the company at $275 million post-money.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:11 pm

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.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:01 pm

The article highlights the pre-market movements of various Information Technology stocks on Thursday. Broadcom (AVGO) saw a significant rise of 14.1% following its Q2 earnings release. Other gainers include Castellum (CTM), Telos (TLS), Lightwave Logic (LWLG), iLearningEngines (AILE), and Comtech Telecom (CMTL). On the losing side, XTI Aerospace (XTIA), Mercurity Fintech Holding (MFH), Veritone (VERI), Taoping (TAOP), Peraso (PRSO), and Spectaire Holdings (SPEC) experienced declines.

Portfolio Pulse from Benzinga Insights

June 13, 2024 | 12:07 pm

XTI Aerospace shares are trading higher following the submission of a patent application with the USPTO for its TriFan 600 VTOL aircraft.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:09 pm

XTI Aerospace has submitted a patent application with the USPTO for its TriFan 600 VTOL aircraft, which could enhance its technological edge in the aerospace industry.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 1:01 pm

The article highlights the intraday movements of 12 information technology stocks on Friday. Notable gainers include Presto Automation, SMX, Wetouch Technology, Soluna Holdings, WiSA Technologies, and Brand Engagement Network. Significant losers include Actelis Networks, MicroAlgo, Gorilla Tech, Semtech, Rubicon Technologies, and XTI Aerospace.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 4:30 pm

The article highlights the pre-market movements of 12 information technology stocks on Friday. Braze (BRZE) saw a significant rise of 15% following its Q1 earnings report, while Samsara (IOT) experienced an 8.21% decline after its Q1 earnings release. Other notable gainers include Presto Automation (PRST) and Sequans Communications (SQNS), while XTI Aerospace (XTIA) and CalAmp (CAMP) were among the biggest losers.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 12:07 pm

The article highlights the performance of various Information Technology stocks during Thursday's after-market session. Notable gainers include Braze (BRZE), XIAO-I (AIXI), and Infinera (INFN), while significant losers include Samsara (IOT) and DocuSign (DOCU). The movements are largely influenced by the release of Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

June 06, 2024 | 8:31 pm

Lands' End, Inc. (NASDAQ:LE) shares fell 9.3% to $12.60 after reporting a quarterly adjusted loss of 20 cents per share, which beat the analyst consensus estimate of 26 cents per share. The company also reported quarterly sales of $285.47 million, surpassing the analyst consensus estimate of $269.82 million. Other notable stock movements include Actelis Networks, Inc. (NASDAQ:ASNS) jumping 512% after announcing orders for cyber-hardened networking technology, and WalkMe Ltd. (NASDAQ:WKME) gaining 42.1% after entering into a definitive agreement to be acquired by SAP.

Portfolio Pulse from Avi Kapoor

June 05, 2024 | 5:04 pm

The article highlights the intraday movements of 12 information technology stocks on Wednesday. Actelis Networks (ASNS) saw a significant increase of 646.8%, while MicroAlgo (MLGO) experienced a sharp decline of 41.3%. Other notable gainers include CalAmp (CAMP) and Verint Systems (VRNT), while Sobr Safe (SOBR) and NiSun Intl Enterprise Dev (NISN) were among the major losers.

Portfolio Pulse from Benzinga Insights

June 05, 2024 | 4:30 pm

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