XTI Aerospace, Inc.

XTI Aerospace is a provider of unmanned aerial systems ( UAS ) solutions operating through two business divisions: a commercial drone solutions business and an advanced systems and defense division. The Company expects to continue developing a third business division, a domestic manufacturing and technology division. The Company’s commercial drone solutions business, conducted primarily through its majority owned subsidiary, XTI Drones Holdings, LLC, which owns Drone Nerds, LLC and Anzu Robotics, LLC (collectively, Drone Nerds ), constitutes substantially all of the Company’s revenues. The advanced systems and defense division (formerly XTI Aircraft) is in an earlier stage of development and has not yet generated any revenues. The Company was originally founded around the development of the TriFan 600, a planned vertical takeoff and landing ( VTOL ) aircraft. In 2025, the Company acquired Drone Nerds and, in light of that acquisition and its assessment of near-term opportunities in the unmanned systems market, redirected its former XTI Aircraft division beginning in 2026 toward the design and development of unmanned platforms for defense and commercial applications. The TriFan 600 program has been paused and the underlying intellectual property and engineering work product is being preserved and maintained. See Business Divisions TriFan 600 Strategic Context and Organizational Evolution below for additional detail.