Data / Crowdfunding / Colorado / XTI Aircraft Co
XTI Aircraft Co: crowdfunding raise on StartEngine Capital, LLC, $9,999 to $1,069,999 (2021)
XTI Aircraft Co, a corporation in Englewood, CO, filed a Form C with the SEC on March 19, 2021 to raise $9,999 to $1,069,999 in common stock through StartEngine Capital, LLC. The offering closed on April 30, 2021. In its most recent fiscal year it reported $0 in revenue and a net loss of $426,717, with 12 employees.
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- Website
- www.xtiaircraft.com
- Funding portal
- StartEngine Capital, LLC
- Address
- 7625 S. Peoria Street Unit D11, Englewood, CO 80112
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- September 29, 2009
- SEC CIK
- 0001638850
Offering terms
From the amendment filed March 19, 2021.
- Security
- Common Stock
- Price
- $1.50
- Target
- $9,999
- Maximum
- $1,069,999
- Deadline
- April 30, 2021
- Portal compensation
- 7.0 percent
Financials
From the Form C-AR filed July 13, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $0 | $0 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $-426,717 | $-18,449,209 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $282,265 | $4,565,993 | sec.gov |
| Cash | $114,762 | $4,316,396 | sec.gov |
| Accounts receivable | $126,949 | $170,207 | sec.gov |
| Short-term debt | $11,808,766 | $10,047,090 | sec.gov |
| Long-term debt | $3,745,283 | $3,365,837 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| July 13, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| October 7, 2022 | Progress update | $9,999 | $1,069,999 | April 30, 2021 | Adjustment to the initial Form C-U filing. At the close of the offering, the issuer closed on $908,617.15 and 628,909 number of securities. | sec.gov |
| July 13, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| July 7, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| May 7, 2021 | Progress update | $9,999 | $1,069,999 | April 30, 2021 | At the close of the offering, the issuer closed on $1,015,201.73 and 708,224 number of securities. | sec.gov |
| March 19, 2021 | Amendment | $9,999 | $1,069,999 | April 30, 2021 | Issuer is extending the length of their campaign by 17 days. Campaign will end April 30th, 2021. | sec.gov |
| February 8, 2021 | Amendment | $9,999 | $1,069,999 | February 12, 2021 | Issuer is extending the length of their campaign by 60 days. Campaign will end April 13th, 2021. | sec.gov |
| December 11, 2020 | Amendment | $9,999 | $1,069,999 | February 12, 2021 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| October 15, 2020 | Amendment | $9,999 | $1,069,999 | December 14, 2020 | Extending Campaign and Adding New CFO | sec.gov |
| August 25, 2020 | Amendment | $9,999 | $1,069,999 | October 27, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| June 26, 2020 | Amendment | $9,999 | $1,069,999 | August 28, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| April 28, 2020 | Amendment | $9,999 | $1,069,999 | June 29, 2020 | Issuer provided updated financials and extended their campaign. | sec.gov |
| April 28, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| March 17, 2020 | Amendment | $9,999 | $1,069,999 | April 29, 2020 | Issuer is extending the length of their campaign by 60 days. | sec.gov |
| December 16, 2019 | Offering | $9,999 | $1,069,999 | March 20, 2020 | sec.gov |
Updated July 13, 2023. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.