24/7 Market News Snapshot 07 January, 2025 – XTI Aerospace, Inc. Common Stock (NASDAQ:XTIA)

January 7, 2025

DENVER, Colo., 07 January, 2025 (247marketnews.com) – (NASDAQ:XTIA) are discussed in this article.
XTI Aerospace, Inc. (NASDAQ:XTIA) is experiencing a notable surge in trading activity, reflecting a significant increase in market interest. The company’s stock opened at $0.21, witnessing an impressive rise to $0.130, translating to a substantial change of 47.73% from the previous close of $0.088. With a remarkable trading volume of 1.88 billion shares, this surge indicates a bullish sentiment surrounding the company’s potential in the aerospace sector.

In a strategic move aimed at enhancing shareholder value, XTI Aerospace is set to undertake a 1-for-250 consolidation of its common stock. This consolidation is crucial for strengthening its balance sheet and fulfilling Nasdaq’s minimum bid price requirement. The share consolidation is a part of XTI’s broader strategy to accelerate growth opportunities leading into 2025.

Furthermore, the Federal Aviation Administration (FAA) has recently introduced the powered-lift category, marking an exciting development in the aerospace industry. XTI is uniquely positioned to capitalize on this transformation with its innovative approach and commitment to leadership within the vertical takeoff and landing (VTOL) sector. The company aims to leverage this new frontier in aviation, focusing on advancing its flagship product, the TriFan 600, while actively pursuing potential strategic acquisitions to bolster its market presence.

Scott Pomeroy, Chairman and CEO of XTI Aerospace, expressed enthusiasm about the consolidation and the company’s future prospects, highlighting the importance of building a strong foundation for sustainable growth. The stock consolidation will occur automatically, with trading on a split-adjusted basis expected to begin on January 10, 2025. XTI Aerospace continues to demonstrate a commitment to innovation and excellence, positioning itself to harness emerging opportunities in the aviation market.

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