XTI Aircraft Company Launches Series B Financing

"Our engagement with Primary Capital expands XTI's ability to raise the funds necessary for the company's first prototype and also reduces the risk for all early investors and potential investors in our continuing equity crowdfunding campaign," said David Brody, XTI's Founder and Chairman. "This is an important step toward raising the funds necessary to build and fly the TriFan 600, which will ultimately provide value to all shareholders."

XTI plans to build and fly a piloted subscale prototype in two years, and has tied the maturity date of the convertible notes to this milestone. The investors in the Series B round will have the chance to assess XTI's performance before deciding whether to call the note or convert into common stock of XTI when the note matures.

"Primary Capital is pleased to begin this relationship with XTI Aircraft Company," said John Leo, Chairman and Managing Member of Primary. "We're excited to be working with the XTI team and to be supporting this game-changing aerospace project."

The six-seat TriFan 600 will have the speed, range and comfort of a business jet and the ability to take off and land vertically like a helicopter. Using three ducted fans, the aircraft will lift off vertically and its two wing fans rotate forward for a seamless transition to cruise speed, at 400 miles an hour and a range of up to 1,600 miles.

Accredited investors seeking more information should contact Leo at [email protected] or (212) 300-0064. For crowdfunding investments visit www.startengine.com/startup/xti    

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.

ABOUT PRIMARY CAPITAL
Primary Capital (www.primaryllc.com) is a full-service investment-banking firm registered with the Securities and Exchange Commission and a member of both the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation. Primary Capital provides a broad range of banking and advisory services with a focus on the needs of small to midsized public companies and late stage private companies. Over the past twenty years Primary's management has established a successful track record of funding and advising to both public and private companies in the U.S., China, and Europe. 

For information and updates about XTI Aircraft Company and the TriFan 600, visit www.xtiaircraft.com.

AN OFFERING STATEMENT REGARDING A CONCURRENT CROWDFUNDING 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/1638850/000164460016000157/xti_oc8.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.

Media Contact
BDN Aerospace Marketing
(480) 924-0690
[email protected]

Photo - http://photos.prnewswire.com/prnh/20160905/404142 

SOURCE XTI Aircraft Company

Related Links

http://www.xtiaircraft.com