XTI Aerospace Q3 cash $32.2M; post-quarter buys Drone Nerds and gets $25M from UMAC

XTI Aerospace, Inc.

Cash and equivalents $32.2M at Sep 30, 2025, up from $4.1M at Dec 31, 2024; equity $10.5M.
Closed $18.5M net public offering in September 2025 to fund TriFan 600 development.
Post-quarter acquired Drone Nerds (>$100M 2024 revenue), adding a profitable drone distribution business.
Secured $25M strategic investment from Unusual Machines (UMAC) post-quarter to strengthen balance sheet.
TriFan 600 milestones: subscale prototype flights, Garmin G700 TXi avionics, monthly FAA engagement.

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