EX-99.1 2 ea030408301ex99-1.htm PRESS RELEASE, DATED AUGUST 31, 2026 Exhibit 99.1 Press Release XTI Aerospace Announces Receipt of Nasdaq Deficiency Notice DALLAS, Aug. 31, 2026 /PRNewswire/ - XTI Aerospace, Inc. (Nasdaq: XTIA) (“XTI Aerospace,” “XTI” or the “Company”), an aerospace and advanced technology platform and parent company of Drone Nerds, LLC, (“Drone Nerds”), a leading drone solutions platform serving commercial, enterprise and government customers, today announced that it received a deficiency notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on August 26, 2026 (the “Notice”). The Notice indicated that the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Listing Rule”) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”). The Listing Rule requires Nasdaq-listed companies to timely file all required periodic financial reports with the SEC. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires public disclosure of the receipt o…
Open exhibit ↗Current Report · Items 3.01, 7.01, 9.01 · 8-K
XTI Aerospace, Inc.
XTIANASDAQEQUITYCurrent
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing · Regulation FD Disclosure
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On August 26, 2026, XTI Aerospace, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that, because the Company had not yet filed its Quarterly Report on Form 10-Q (“Form 10-Q”) for the quarter…
Company context
We are primarily an aircraft development company. We also provide real-time location systems (“RTLS”) for the industrial sector.
Current securities
Historical securities (1)
Recent company filings
- SCHEDULE 13G filingSep 9, 2026
- SCHEDULE 13G filingSep 3, 2026
- Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD DisclosureAug 18, 2026
- NT 10-Q filingAug 17, 2026
- SCHEDULE 13G/A filingJul 31, 2026
Disclosure sections
Item 3.01Item 3.01 - Notice of Delisting
Item 3.01 Notice of Delisting or Failure to
Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On August 26, 2026, XTI Aerospace, Inc. (the “Company”)
received a notice (the “Notice”) from the Listing Qualifications department of The Nasdaq Stock Market LLC (“Nasdaq”)
stating that, because the Company had not yet filed its Quarterly Report on Form 10-Q (“Form 10-Q”) for the quarter ended
June 30, 2026, the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1). Nasdaq Listing Rule 5250(c)(1) requires listed
companies to timely file all required periodic financial reports with the Securities and Exchange Commission (the “SEC”).
As previously disclosed, on August 17, 2026, the
Company filed a Notification of Late Filing on Form 12b-25 with the SEC with respect to the Form 10-Q, stating that the Company was unable
to file the Form 10-Q within the prescribed time period without unreasonable effort or expense because the Company is in the process of
completing an internal review of the Company’s former Chief Executive Officer, who resigned on August 17, 2026, and other related
corporate governance matters. The Company is working diligently to complete the internal review and to file the Form 10-Q as soon as practicable.
The Company is not able at this time to estimate when the internal review will be completed or when the Form 10-Q will be filed.
The Notice provides that the Company has 60 calendar
days from the date of the Notice (that is, until October 26, 2026) to submit a plan to regain compliance with Nasdaq’s continued
listing requirements. The Company intends to file the Form 10-Q as promptly as practicable following completion of the internal review
and, if it has not filed the Form 10-Q by October 26, 2026, intends to submit a plan to regain compliance. In the event the Company is
unable to file the Form 10-Q by October 26, 2026 and submits a plan to regain compliance that Nasdaq accepts, Nasdaq may grant an exception
of up to 180 calendar days from the due date of the Form 10-Q, which the Notice states would be until February 22, 2027, for the Company
to regain compliance. The Notice further provides that any subsequent periodic report that becomes due during the exception period, including
the Company’s Quarterly Report on Form 10-Q for the quarter ending September 30, 2026, must be filed no later than the end of that
period. If Nasdaq does not accept the Company’s plan, the Company may appeal that determination to a Nasdaq Hearings Panel in accordance
with Nasdaq Listing Rule 5815(a). There can be no assurance that the Company will be able to file the Form 10-Q within the applicable
period, that Nasdaq will accept any plan to regain compliance that the Company may submit, that any appeal of an adverse determination
would be successful, or that the Company will otherwise be able to regain or maintain compliance with Nasdaq’s continued listing
requirements. The Notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On August 31, 2026, the Company issued a
press release announcing its receipt of the Notice, as required by Nasdaq Listing Rule 5810(b). A copy of the press release is attached
hereto as Exhibit 99.1 and is incorporated herein by reference.
The information in this Item 7.01, including Exhibit
99.1, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by
reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general
incorporation language in such filings. This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information
in this Item 7.01, including Exhibit 99.1.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that address operating performance,
events or developments that the Company expects or anticipates will occur in the future are forward-looking statements. These forward-looking
statements are based on management’s beliefs and assumptions and on information currently available to the Company’s management.
Management believes that these forward-looking statements are reasonable as and when made. However, you should not place undue reliance
on any such forward-looking statements because such statements speak only as of the date when made. The Company does not undertake any
obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise,
except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual
results, events and developments to differ materially from the Company’s historical experience and its present expectations or projections.
Such risks include, but are not limited to, the risks associated with the Company’s potential inability to complete the internal
review in a timely manner, file the Form 10-Q, satisfy Nasdaq listing requirements and maintain the listing of its common stock on the
Nasdaq Capital Market, the risk that the Company’s common stock is suspended from trading or delisted, the risk that the internal
review identifies additional matters or results in conclusions that affect the Company’s previously issued financial statements,
its disclosure controls and procedures or its internal control over financial reporting, the risk that the Company is unable to timely
file its Quarterly Report on Form 10-Q for the quarter ending September 30, 2026 or other subsequent periodic reports, and the risk that
additional information may arise prior to the expected filing with the SEC of the Form 10-Q. Such risks also include the Company’s
expectation, as disclosed in its Notification of Late Filing on Form 12b-25 filed on August 17, 2026, that the Form 10-Q will disclose
substantial doubt about the Company’s ability to continue as a going concern. Additional risks and uncertainties include, but are
not limited to, those described in the “Risk Factors” set forth in “Item 1A. Risk Factors” and elsewhere in the
Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on April 15, 2026, and in Part
II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 filed with the SEC on May 14, 2026,
and those described from time to time in other reports which the Company files with the SEC.