XTI Aerospace Regains Compliance with Nasdaq Listing Requirements
XTI Aerospace (NASDAQ: XTIA) has announced its successful return to compliance with Nasdaq's minimum bid price requirement. The company received formal notification from Nasdaq confirming that it has met the listing requirement under Rule 5550(a)(2), which mandates maintaining a minimum bid price of $1.00 per share.
The company's stock has maintained a closing bid price of $1.00 or higher for more than 10 consecutive business days, satisfying the compliance criteria. CFO Brooke Turk expressed satisfaction with this achievement, viewing it as evidence of the company's progress in executing its long-term growth strategy.
XTI Aerospace, known for its work in vertical takeoff and landing (VTOL) aircraft technology, states it remains committed to executing strategic initiatives aimed at driving growth and delivering shareholder value.
XTI Aerospace (NASDAQ: XTIA) ha annunciato il suo ritorno con successo alla conformità con il requisito di prezzo minimo delle azioni di Nasdaq. L'azienda ha ricevuto una notifica formale da Nasdaq che conferma di aver soddisfatto il requisito di quotazione ai sensi della Regola 5550(a)(2), che richiede di mantenere un prezzo minimo di offerta di $1,00 per azione.
Il prezzo di chiusura delle azioni dell'azienda ha mantenuto un prezzo di offerta di $1,00 o superiore per oltre 10 giorni lavorativi consecutivi, soddisfacendo così i criteri di conformità. Il CFO Brooke Turk ha espresso soddisfazione per questo risultato, considerandolo una prova dei progressi dell'azienda nell'attuazione della sua strategia di crescita a lungo termine.
XTI Aerospace, nota per il suo lavoro nella tecnologia degli aerei a decollo e atterraggio verticale (VTOL), afferma di rimanere impegnata nell'esecuzione di iniziative strategiche volte a stimolare la crescita e a fornire valore agli azionisti.
XTI Aerospace (NASDAQ: XTIA) ha anunciado su exitoso regreso al cumplimiento del requisito de precio mínimo por acción de Nasdaq. La compañía recibió una notificación formal de Nasdaq que confirma que ha cumplido con el requisito de cotización bajo la Regla 5550(a)(2), que exige mantener un precio mínimo de oferta de $1.00 por acción.
Las acciones de la compañía han mantenido un precio de oferta de cierre de $1.00 o más durante más de 10 días hábiles consecutivos, cumpliendo así con los criterios de cumplimiento. La CFO Brooke Turk expresó su satisfacción por este logro, viéndolo como una evidencia del progreso de la compañía en la ejecución de su estrategia de crecimiento a largo plazo.
XTI Aerospace, conocida por su trabajo en tecnología de aeronaves de despegue y aterrizaje vertical (VTOL), afirma que sigue comprometida con la ejecución de iniciativas estratégicas destinadas a impulsar el crecimiento y ofrecer valor a los accionistas.
XTI Aerospace (NASDAQ: XTIA)는 나스닥의 최소 매도 가격 요구 사항을 성공적으로 준수했다고 발표했습니다. 회사는 나스닥으로부터 규칙 5550(a)(2)에 따라 최소 매도 가격을 주당 $1.00로 유지해야 한다는 상장 요건을 충족했음을 확인하는 공식 통지를 받았습니다.
회사의 주가는 10일 이상의 연속 영업일 동안 $1.00 이상의 종가를 유지하여 준수 기준을 충족했습니다. CFO인 브룩 터크는 이 성과에 대한 만족감을 표명하며, 이는 회사의 장기 성장 전략을 실행하는 데 있어 진전을 보여주는 증거라고 밝혔습니다.
수직 이착륙 및 착륙(VTOL) 항공기 기술 분야에서의 작업으로 알려진 XTI Aerospace는 성장 촉진과 주주 가치를 제공하기 위한 전략적 이니셔티브를 실행하는 데 전념하고 있다고 전했습니다.
XTI Aerospace (NASDAQ: XTIA) a annoncé son retour réussi en conformité avec l'exigence de prix minimum de Nasdaq. L'entreprise a reçu une notification formelle de Nasdaq confirmant qu'elle a satisfait aux exigences de cotation selon la Règle 5550(a)(2), qui impose de maintenir un prix d'offre minimum de 1,00 $ par action.
Les actions de l'entreprise ont maintenu un prix d'offre de clôture de 1,00 $ ou plus pendant plus de 10 jours ouvrables consécutifs, satisfaisant ainsi aux critères de conformité. Le directeur financier Brooke Turk a exprimé sa satisfaction à l'égard de cette réalisation, la considérant comme une preuve des progrès de l'entreprise dans l'exécution de sa stratégie de croissance à long terme.
XTI Aerospace, connue pour son travail dans la technologie des aéronefs à décollage et atterrissage verticaux (VTOL), déclare qu'elle reste engagée à exécuter des initiatives stratégiques visant à stimuler la croissance et à offrir de la valeur aux actionnaires.
XTI Aerospace (NASDAQ: XTIA) hat seine erfolgreiche Rückkehr zur Einhaltung der Mindestgebotsanforderung von Nasdaq bekannt gegeben. Das Unternehmen erhielt eine formelle Benachrichtigung von Nasdaq, die bestätigt, dass es die Zulassungsvoraussetzung gemäß Regel 5550(a)(2) erfüllt hat, die die Aufrechterhaltung eines Mindestgebots von $1,00 pro Aktie vorschreibt.
Der Aktienkurs des Unternehmens hat über 10 aufeinanderfolgende Geschäftstage einen Schlusskurs von $1,00 oder höher gehalten und damit die Compliance-Kriterien erfüllt. CFO Brooke Turk äußerte sich zufrieden mit diesem Erfolg und sieht darin einen Beweis für den Fortschritt des Unternehmens bei der Umsetzung seiner langfristigen Wachstumsstrategie.
XTI Aerospace, bekannt für seine Arbeiten im Bereich der Technologie für senkrecht startende und landende (VTOL) Flugzeuge, erklärt, dass es weiterhin bestrebt ist, strategische Initiativen zur Förderung des Wachstums und zur Schaffung von Shareholder-Value umzusetzen.
- Regained Nasdaq listing compliance, eliminating immediate delisting risk
- Maintained stock price above $1.00 for over 10 consecutive business days
- Previously failed to maintain minimum $1.00 share price requirement
Insights
Regaining Nasdaq compliance marks a important inflection point for XTI Aerospace, removing a significant barrier that often restricts institutional investment and market participation. This development carries particular weight in the capital-intensive aerospace sector, where access to public markets plays a vital role in funding research and development initiatives, especially for emerging technologies like VTOL aircraft.
The compliance achievement typically signals improved market confidence, but investors should view this within the broader context of the company's $13.9 million market capitalization. For small-cap aerospace companies, maintaining listing compliance often requires a delicate balance between capital structure management and operational execution. The focus on VTOL technology suggests significant ongoing capital requirements, making stable market access through Nasdaq listing particularly crucial.
Several key implications emerge from this development:
- Enhanced ability to attract institutional investors who are often restricted from holding non-compliant securities
- Improved access to capital markets for future funding rounds, critical for VTOL technology development
- Reduced regulatory oversight and associated compliance costs
- Strengthened market perception, potentially facilitating strategic partnerships in the aerospace sector
While regaining compliance is positive, maintaining it will require sustained market confidence. The company's emphasis on "executing strategic initiatives" and "long-term value" suggests management recognizes the need to translate this regulatory achievement into operational progress, particularly in advancing their VTOL technology platform.
This notification follows XTI Aerospace's recent efforts to address its non-compliance status, which was triggered when the company's common stock failed to maintain a minimum bid price of
"We are pleased to have achieved compliance with Nasdaq's listing requirements," said Brooke Turk, CFO of XTI Aerospace. "This announcement further evidences the progress we've made as we continue executing on our long-term growth strategy, and we look forward to delivering continued value to our shareholders."
Nasdaq's confirmation acknowledges that the closing bid price of XTI Aerospace's common stock has been at
XTI Aerospace remains fully focused on executing its strategic initiatives to drive growth, deliver long-term value to shareholders, and continue advancing its industry-leading solutions in vertical takeoff and landing (VTOL) aircraft technology.
About XTI Aerospace, Inc.
XTI Aerospace, Inc. (XTIAerospace.com) (NASDAQ: XTIA) is the parent company of XTI Aircraft Company, an aviation business based near
Cautionary Statement Regarding 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 about the products under development by XTI, the advantages of XTI's technology, and XTI's customers, plans and strategies 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 Aerospace 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.
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