XTI Aircraft Company has launched a formal stock offering following last Thursday’s Securities and Exchange Commission’s qualification of XTI’s offering statement under Regulation A+.
For the next 30 days XTI will accept investments on StartEngine in support of the TriFan 600, the first commercial high-speed, long-range vertical takeoff and landing airplane. Currently in development, a prototype is expected in three years.
XTI’s plans have generated tremendous buzz in the corporate and crowdfunding communities. Within weeks of the original announcement XTI garnered more than 80 media placements and more than three million social media hits resulting in more than $20 million in interest from more than 2,000 investors.
“The TriFan 600 has captured the imagination of large and small investors,” said XTI Founder and Chairman David Brody. “They’re impressed by the aircraft’s potential to revolutionize air travel and by the company’s leadership team.”
Last month XTI earned Popular Science’s “Best of What’s New” award given to 2015’s best innovations. It also received its first patent for its design and configuration.
“We’re on track to make this aircraft a reality,” said XTI Executive Vice Chairman Jeff Pino. “We understand the risks, but we also know that the potential return is very strong.”