Aerospace Company Signs Major Distribution Agreement: Up To $55M Proposed Investment

XTI Aerospace, Inc. (NASDAQ: XTIA), a company known for its innovations in the vertical takeoff and landing (VTOL) aircraft space, recently announced that it has entered into a capital distribution agreement. This agreement is with FC Imperial Limited (FCIL), an affiliate of the private global investment consortium, FinExic Concordia Group (FCG). The agreement outlines a proposed equity investment of up to $55 million in shares of convertible preferred stock at a post-money valuation of $275 million, contingent upon the successful completion of the entire transaction process. $XTI Aerospace(XTIA.US)$