The TriFan 600 took an important step forward as XTI Aircraft company requested US Securities and Exchange Commission (SEC) qualification to convert almost USD14 million in expressed interest into real investments for thousands of individuals worldwide.
XTI launched a “test-the-waters” equity crowdfunding campaign in late August to develop the TriFan 600 — a six-seat fixed-wing airplane with the speed, range and comfort of a business jet, and the ability to take off and land like a helicopter. Conceptual design of the aircraft has been completed and validated by an independent team of technical experts.
If the company receives SEC qualification, XTI will be authorized to begin converting the initial expressions of interest into equity stakes, as shareholders in the company. At the same time, anyone in the world who has not yet signed up on the crowdfunding platform — www.startengine.com/startup/xti — can still sign up and become shareholders.
Based on XTI´s valuation of the company, the initial group of investors will own approximately 15 percent-25 percent of the company, depending on the amount raised in this offering. “This is an unprecedented opportunity that has captured the imagination of many small investors,” said David Brody, founder and Chairman of XTI. “People recognize this as a once-in-a-lifetime chance to get in early on something truly revolutionary, and to help shape and own the future of flight.”
XTI Aircraft company is a privately owned aviation business based in Denver. XTI is guided by a leadership team with decades of experience, a deep well of expertise, and success bringing new aircraft to market. XTI is founded on a culture of customer-focused problem solving to meet the evolving needs of modern travelers.