Multi-office team advises Inpixon in its merger with XTI Aircraft Company

Global law firm Norton Rose Fulbright advised Inpixon in its merger transaction with XTI Aircraft Company. The newly combined company, named XTI Aerospace, Inc., will focus on the development and commercialization of the TriFan 600, a fixed-wing, vertical-lift crossover airplane. The company will also continue offering its real-time location systems (RTLS) technology to manufacturing and other industrial facilities.

The TriFan 600 is being developed to combine the performance of a fixed-wing business aircraft with the vertical takeoff and landing (VTOL) capability of a helicopter. It is estimated that the TriFan will fly at speeds of up to 345mph and have a range of 700 miles helipad-to-helipad – both more than twice that of most civilian helicopters similar in size to the TriFan. The company will target the existing turbine business aircraft and helicopter sectors, and the emerging advanced air mobility (AAM) market. The TriFan is expected to serve nearly every segment of private air travel, including business, medevac, leisure and cargo.

The transaction closed on March 12, 2024 and the combined company began trading on the Nasdaq Capital Market under the new ticker symbol “XTIA” on March 13, 2024.

Norton Rose Fulbright’s deal team was led by Kevin Friedmann (Chicago) and also included Siyuan An (Los Angeles), Amelia Zhang, Juan Felipe Velasquez (Houston), Alex Clark and George Khoukaz (Dallas).