SEC quslifies XTI crowdfunding campaign

XTI Aircraft Company has launched a formal stock offering and is accepting investments to support development of the revolutionary new TriFan 600 aircraft, the company said.

This 30-day opportunity to invest is not only open to those who have expressed interest in investing in the company, but to all investors around the globe.

The announcement follows the qualification of XTI´s offering statement from the US Securities and Exchange Commission (SEC) under Regulation A+. XTI´s crowdfunding campaign is one of the first ever to move from testing the waters to a live offering.

Since last August, more than 2,000 potential investors expressed over USD20 million in interest to develop the six-seat fixed-wing airplane that combines the speed, range and comfort of a business jet with the ability to take off and land like a helicopter.

The TriFan 600 would become the first commercial high-speed, long-range vertical takeoff and landing (VTOL) airplane to provide true door-to-door travel. Conceptual engineering of the aircraft has been completed and has been validated by an independent team of technical experts. Plans call for completion of a flying concept demonstrator prototype in three years.

XTI Aircraft company is a privately owned aviation business based in Denver.