Citing progress with its $25 million Series B private placement, XTI Aircraft is to wind down an unusual crowdfunding campaign that has so far helped support development of its TriFan 600 hybrid-electric vertical-takeoff-and-landing (VTOL) business aircraft. Selling stock at $1.50 a share to small investors via the StartEngine crowdfunding platform has helped the startup fund its operations as it works to raise the funding required to build a full-scale proof-of-concept aircraft. The ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "XTI To Close Crowdfunding, Citing Progress Raising Money".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.