Aircraft
XTI Seeks Inpixon Merger To Fund TriFan VTOL Aircraft
The turboshaft-powered aircraft would have longer range than eVTOLs
XTI's TriFan 600 VTOL aircraft
XTI's TriFan 600 VTOL aircraft will be powered by a pair of existing turboshaft engines to deliver longer range and more payload than eVTOL vehicles. (Image: XTI Aircraft)

Shareholders in tech group Inpixon are now set to vote on a proposed merger with XTI Aircraft on September 8 after an earlier meeting to address the definitive agreement announced on July 25 was adjourned to allow more time to consider the proposal. If the merger is approved, the two companies will have a combined listing on the Nasdaq exchange under the new name XTI Aerospace, for which a management team and board will be appointed.

XTI Aircraft, which has been developing the TriFan 600 VTOL aircraft since 2017, would operate as a wholly-owned subsidiary of XTI Aerospace. The company is targeting the replacement of existing business aircraft and helicopters but says the new model could also compete with eVTOL vehicles.

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