XTI Aerospace - The Fast & Far VTOL Aircraft for Air Mobility
Inpixon® (Nasdaq: INPX ), a leading provider of real-time location systems (“RTLS”), has entered into a definitive merger agreement with XTI Aircraft Company (“XTI”), an aviation company developing the XTI TriFan 600, a fixed-wing, vertical takeoff and landing (VTOL) aircraft. The XTI TriFan 600 VLCA combines the vertical takeoff and landing capabilities of a helicopter with the high-speed, long-range cruise of a business aircraft. The proposed transaction will create a public company engaged in both develo
XTI’s vision is to transform business aviation for a more efficient and sustainable future. XTI has received more than 700 conditional pre-orders under a combination of aircraft purchase agreements, non-binding reservation deposit agreements, and options. These pre-orders represent potential gross revenues of approximately $7.1 billion [1] .
The enterprise value of XTI was ascertained by an independent financial advisory firm to be within the range of $252 million and $343 million [2] . XTI’s valuation was determined after comparison with certain public companies with similar business models to XTI in the air travel/VTOL segment of the aviation industry, with an average enterprise value of approximately $1.6 billion [2] . If completed, the merger will result in a combined publicly traded company that will focus on advancing the XTI TriFan 600 t
XTI Aerospace - The Fast & Far VTOL Aircraft for Air Mobility