TriFan VTOL Aircraft Developer XTI is Merging With Inpixon | Aviation International News

XTI Aircraft To Merge and Go Public

XTI Aircraft will merge with location system provider Inpixon. The deal is already under scrutiny.

XTI's TriFan VTOL aircraft is pictured on the tarmac — TriFan 600 VTOL aircraft developer XTI will merge with location system provider Inpixon. (Image: XTI Aircraft)

By Mark Huber • Contributor

July 28, 2023

Another advanced air mobility company is seeking public stock market support. Colorado-based XTI Aircraft, developer of the TriFan 600 VTOL aircraft, is merging with Palo Alto, California-based real-time location system manufacturer Inpixon to become a publicly traded company.

Inpixon has a market capitalization of $9.7 million, and its shares were trading this morning at 24 cents, down 98 percent since 2017. Merger documents give XTI an independently assessed enterprise value of $252 million to $343 million.

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