XTI Aerospace (XTIA) has provided an announcement.
XTI Aerospace, Inc. has entered into a preliminary agreement with FC Imperial Limited, eyeing an equity investment of $12 million to $55 million for the development of their TriFan 600 aircraft. The deal involves initial and potential follow-on contributions, managed by an independent third party, and could see FCIL nominating board advisors. However, the finalization of the agreement remains uncertain, as it is dependent on successful negotiations and adherence to the proposed terms.
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