XTI Aircraft Company to Create Liquidity for Its Shareholders

Moves Toward Closing First Round of Equity Crowdfunding; Extends Period to Purchase Stock

18 Feb, 2016, 12:00 ET from XTI Aircraft Company

DENVER, Feb. 18, 2016 /PRNewswire/ -- XTI Aircraft Company (XTI) today announced that it will establish an over-the-counter secondary market so current and future shareholders will have the ability to buy and sell XTI shares on a public market. 

After garnering $20.6 million in non-binding expressions of interest, the excitement around the TriFan 600 and interest by investors in the company's equity crowdfunding campaign is continuing.  In response, XTI is extending the period to invest in the company until mid-April 2016.  XTI will apply the proceeds of this offering to support development of its revolutionary new TriFan 600 aircraft.  This game-changing airplane combines the speed, range and comfort of a business jet with the ability to take off and land like a helicopter.  

The ongoing investment opportunity is not only open to those who had signed up and expressed interest in investing in XTI previously, but to all investors around the globe.  Shares may be purchased at:  www.startengine.com/startup/xti 

"We're listening to our shareholders," said XTI's founder and Chairman, David Brody.  "As our company continues to grow over the next several years, we want to provide existing investors and our future shareholders with the opportunity to benefit from that growth by being able to buy and sell XTI shares. We've always looked at our Reg A+ offering as a 'mini-IPO', and now we want to take advantage of this special feature allowed under the SEC regulations."

Brody said that XTI has been approached by numerous companies offering to assist in creating a secondary market for XTI shares, which are valued at $1 per share in the offering.  The shares owned by everyone who invests in the ongoing equity crowdfunding could be traded in a manner similar to the stock of large companies that is traded on the New York Stock Exchange and other exchanges.

The securities of about 10,000 companies already trade over the counter today.  "It's an established system," Brody pointed out, "and is a next logical step."  When the company completes this process, it will advise all of its shareholders directly and provide guidance on how they can trade their shares.

ABOUT XTI
XTI Aircraft Company is a privately owned aviation business based in Denver.  XTI is guided by a leadership team with decades of experience, a deep well of expertise, and success bringing new aircraft to market. XTI is founded on a culture of customer-focused problem solving to meet the evolving needs of modern travelers.

For information and updates about XTI Aircraft Company and the TriFan 600, visit www.xtiaircraft.com  To invest, go to www.startengine.com/startup/xti     

Media Contact
BDN Aerospace Marketing
(480) 924-0690
kyle@bdnaerospace.com

AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT. YOU MAY OBTAIN A COPY OF THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT FROM: 
https://www.sec.gov/Archives/edgar/data/1638850/000164460016000093/offeringcircularxti-2.htm

YOU SHOULD READ THE OFFERING CIRCULAR BEFORE MAKING ANY INVESTMENT.

THIS PRESS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY'S MANAGEMENT.  WHEN USED IN THE OFFERING MATERIALS, THE WORDS "ESTIMATE," "PROJECT," "BELIEVE," "ANTICIPATE," "INTEND," "EXPECT" AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.  INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE.  THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

 

SOURCE XTI Aircraft Company



RELATED LINKS

http://www.xtiaircraft.com