XTI Aerospace’s board of directors has authorised the company’s management to implement a share repurchase program, in order to acquire up to $5 million of common stock.
The program will be aimed at addressing what the XTI believes is an “undervaluation” of its common stock and will have an initial term of 12 months, which may be extended to 18 months.
"The decision to implement a share buyback program reflects our strong confidence in the intrinsic value of XTI Aerospace and our belief in its future potential," said Scott Pomeroy, chairman and CEO of XTI Aerospace.
Pomeroy also noted that the company is committed to delivering long-term value to shareholders.
XTI Aerospace holds approximately 3.7 million shares of outstanding common stock, as of March 18, 2025.
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