Technology

XTI Aerospace Announces Closing of Public Offering

Published

1 year ago

March 31, 2025

ENGLEWOOD, Colo., March 31, 2025 /PRNewswire/ — XTI Aerospace, Inc. (Nasdaq: XTIA), (“XTI” or the “Company”), a pioneer in VTOL and powered-lift aircraft solutions, today announced the closing of its underwritten public offering of 2,941,200 shares of common stock (or pre-funded warrants (“Pre-Funded Warrants”) in lieu thereof) and warrants to purchase up to 2,941,200 shares of common stock at a combined public offering price of $1.36 per share (inclusive of the Pre-Funded Warrant exercise price) and associated warrant. The warrants have an exercise price of $1.36 per share and are immediately exercisable upon issuance for a period of five years following the date of issuance. All of the shares (or Pre-Funded Warrants) and warrants in the offering were offered by the Company. Total gross proceeds from the offering, before deducting the underwriting discount and other offering expenses, were approximately $4 million.

The Company intends to use the net proceeds from the offering primarily for general working capital and general corporate purposes, and the full repayment of the Company’s outstanding secured promissory notes.

ThinkEquity acted as the sole book-running manager for the offering.

The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-279901), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on May 31, 2024, as amended on June 14, 2024, and declared effective on June 18, 2024. The offering was made only by means of a written prospectus. A prospectus supplement and accompanying prospectus describing the terms of the offering have been filed with the SEC on its website at www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when available, from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About XTI Aerospace, Inc.

XTI Aerospace (XTIAerospace.com) (Nasdaq: XTIA) is the parent company of XTI Aircraft Company, an aviation business based near Denver, Colorado, currently developing the TriFan 600, a fixed-wing business aircraft designed to have the vertical takeoff and landing (VTOL) capability of a helicopter, speeds of 345 mph and a range of 700 miles, creating an entirely new category – the vertical lift crossover airplane (VLCA). Additionally, the Inpixon (inpixon.com) business unit of XTI Aerospace is a leader in real-time location systems (RTLS) technology with customers around the world who use the Company’s location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI Aerospace, please visit XTIAerospace.com and HangerXStudios.com (aviation innovation podcast), and follow the company on LinkedIn, Instagram, X, and YouTube.

Forward Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including without limitation, statements regarding XTI’s anticipated use of net proceeds from the offering are forward-looking statements.

Some of these forward-looking statements can be identified by the use of forward-looking words, including “believe,” “continue,” “could,” “would,” “will,” “estimate,” “expect,” “intend,” “plan,” “target,” “projects,” or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations. XTI undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI’s filings with the SEC, including those factors discussed under the caption “Risk Factors” in its most recent annual report on Form 10-K, filed with the SEC on April 16, 2024, and in subsequent reports filed with or furnished to the SEC.

Contacts:
General inquiries:
Email: contact@xtiaerospace.com
Web: https://xtiaerospace.com/contact

Investor Relations:
Crescendo Communications
Tel: +1 212-671-1020
Email: XTIA@crescendo-ir.com

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SOURCE XTI Aerospace, Inc.

Technology

Industry leaders to join forces to scale hydrogen mobility

Published

36 minutes ago

September 3, 2026

Volvo Group

For the first time in Europe, Germany is bringing together the full ecosystem needed to scale the deployment of hydrogen trucks by 2030, combining supportive policy frameworks, a strong OEM offering and an integrated hydrogen supply chain and infrastructure.Volvo Group, Daimler Truck, Toyota Motor Corporation, Bosch, Air Liquide, TotalEnergies, TEAL Mobility, MB Energy, and more companies accelerate the commercialization of hydrogen-powered mobility and build the ecosystem needed to scale it along the whole value chain, with vehicles, infrastructure and supply. The activities include the deployment of hydrogen refueling stations along key strategic corridors in Europe, in synchronization with the hydrogen-powered truck fleets as well as a competitive hydrogen price. This will enable customers to operate hydrogen-powered vehicles with a competitive total cost of ownership. Full details will be unveiled at a CEO-led press event during IAA Transportation in Hanover on 15 September.

GOTHENBURG, Sweden, Sept. 3, 2026 /PRNewswire/ — Leading companies from the transport, energy and industrial sectors, together with German policymakers, are collaborating to establish a benchmark for a fully integrated hydrogen mobility ecosystem for heavy-duty transport. They reflect a shared ambition to scale hydrogen with a focus on customer-oriented refueling infrastructure and competitively priced hydrogen fuel.

Delivering a comprehensive hydrogen ecosystem that complements battery-electric solutions requires coordinated development across the entire value chain with focus on commercializing competitive vehicles, deploying strategically located refueling infrastructure aligned with customer needs, and ensuring reliable access to hydrogen at viable price levels. Together, these elements can create the conditions for a competitive total cost of ownership and position hydrogen as a practical, scalable solution for zero-emission transport.

Further details will be announced on September 15 at IAA Transportation 2026.

Volvo Group, Daimler Truck, Toyota Motor Corporation, Bosch, Air Liquide, TotalEnergies, TEAL Mobility, MB Energy

September 3, 2026

Journalists wanting further information, please contact:
Claes Eliasson, Head of Media Relations
+46 76 553 7229
press@volvo.com

For more information, please visit volvogroup.com
For frequent updates, follow us on LinkedIn

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs almost 100,000 people and serves customers in almost 180 markets. In 2025, net sales amounted to SEK 479 billion (EUR 43 billion). Volvo shares are listed on Nasdaq Stockholm.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/ab-volvo/r/industry-leaders-to-join-forces-to-scale-hydrogen-mobility,c4391363

The following files are available for download:

https://mb.cision.com/Main/39/4391363/4249230.pdf

Press release â€” Industry leaders to join forces to scale hydrogen mobility

https://news.cision.com/ab-volvo/i/1860×1050-iaa-pr,c3561719

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SOURCE AB Volvo

Technology

CFD Broker Mitrade EU Introduces Excess-of-Loss Insurance Protection for Its Clients

Published

36 minutes ago

September 3, 2026

LIMASSOL, Cyprus, Sept. 3, 2026 /PRNewswire/ — CFD broker Mitrade has arranged additional insolvency insurance for eligible clients onboarded under its CySEC licence. The initiative reflects a broader focus on strengthening client confidence and investor protection.

This excess-of-loss policy supplements protections CySEC already mandates. CySEC-authorised investment firms are required to segregate client funds and contribute to the Investor Compensation Fund. Beyond those statutory safeguards, Mitrade EU Limited’s discretionary insurance coverage has been arranged through Lloyd’s of London and funded by Mitrade. It is automatically available to eligible clients without an opt-in requirement or additional client charge.

Should Mitrade EU Limited become insolvent, the policy may cover eligible claims, subject to its terms, conditions and exclusions, up to a maximum aggregate amount of €1 million across all claims combined. It does not cover trading losses or losses caused by market movements.

“Regulation sets the baseline; we decide how much further to go for clients,” said Timur Konsky, CEO of Mitrade EU. “That is why we put additional insurance in place with Lloyd’s of London. Our approach is to identify where clients can be protected and take steps to reduce those risks. Transparency and safety should not be marketing language; they should be demonstrated through the safeguards a broker chooses to put in place. We want our clients to judge us by our actions, and this policy is another concrete example of that commitment.”

Mitrade EU’s excess-of-loss insurance cover takes effect from 1 September 2026.

About Mitrade

Mitrade is a CFD trading platform operating in eligible EEA markets through Mitrade EU Limited, a CySEC-authorised investment firm (CIF438/23). Other legally separate entities within the international group are independently authorised and regulated in their respective jurisdictions by ASIC (AFSL398528), CIMA (SIB1612446), FSCA (FSP54842), FSC (GB20025791), and CMA (20200000397).

Globally, the brand connects 7M+ traders to 1,000+ CFDs on indices, forex, commodities, shares, ETFs and more. The platform is designed to provide fast execution, flexible leverage on a per-position basis, competitive spreads and an intuitive interface accessible across multiple devices.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit https://www.mitrade.eu for more information.

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Technology

Aurra Markets Receives ‘Most Transparent Broker’ Award in Mumbai

Published

36 minutes ago

September 3, 2026

Aurra Markets wins the ‘Most Transparent Broker’ award at Money Expo Mumbai 2026. Read about our MT5 infrastructure and Aurra Wallet.

MUMBAI, India, Sept. 3, 2026 /PRNewswire/ — Aurra Markets Wins ‘Most Transparent Broker’ Award at Money Expo Mumbai

Aurra Markets, a multi-asset CFD broker, received the ‘Most Transparent Broker’ award at Money Expo Mumbai 2026. Participating as a Diamond Sponsor at the Jio World Convention Centre, the brokerage presented its institutional-grade trading infrastructure and partnership models to the Indian financial community.

Direct Market Access and Tier-1 Liquidity

Receiving this award reflects the company’s focus on maintaining secure trading conditions. In active financial markets, reliability is a primary requirement for retail and institutional traders. By integrating direct Tier-1 liquidity and holding fully segregated client funds, Aurra Markets provides a stable environment for trading forex, precious metals, and indices. The team demonstrated its MetaTrader 5 (MT5) framework at Booth 33, highlighting the 12ms execution speed that supports algorithmic and day traders.

Efficient Funding via the Aurra Wallet

The exhibition also served as a platform to detail the company’s advanced funding infrastructure. Clients can manage their capital using the Aurra Wallet. This unified system bridges fiat and digital assets, allowing traders to handle deposits and withdrawals efficiently. Integrating this technology reduces banking delays and provides rapid market access.

Expanding Operations in the Indian Market

“We are honored to receive the Most Transparent Broker award in Mumbai,” a senior spokesperson for Aurra Markets stated. “This recognition validates our infrastructural investments designed to lower trading costs and maintain security. Engaging with affiliates and traders in India confirms the demand for high-performance trading solutions. We provide market participants with the stability needed to trade macroeconomic shifts.”

About Aurra Markets

Aurra Global Markets Limited is authorized and regulated by the Mauritius Financial Services Commission (FSC) under License No. GB25204837. Aurra Markets provides a global community of traders with the direct infrastructure and technical resources needed to operate in dynamic financial markets. For more information, visit www.aurra.markets.

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SOURCE AURRA GLOBAL MARKETS LIMITED