XTI Aerospace received a Nasdaq deficiency notice on August 26, 2026, for failing to timely file its Form 10-Q for the quarter ended June 30, 2026. The delay stems from an internal review of former CEO resignation and governance matters. The company has until October 26, 2026, to submit a compliance plan, with a potential extension until February 22, 2027. The filing notes substantial doubt about the company's ability to continue as a going concern. XTI Aerospace operates in the aerospace industry, providing unmanned aircraft systems and drone solutions.

XTI Aerospace announced the resignation of Chairman and CEO Scott Pomeroy effective August 17, 2026, following an internal review of corporate governance matters. The board appointed Jonathan Ornstein as Interim Chairman and Jeremy Schneiderman, current CEO of subsidiary Drone Nerds, as Interim CEO. Pomeroy received a $200,000 separation payment and immediate vesting of 2,000,000 unvested stock options. Schneiderman’s interim compensation remains under his existing agreement with Drone Nerds, providing a $400,000 base salary plus significant performance bonuses tied to EBITDA growth and acquisitions. The leadership transition caused the company to file Form 12b-25 for its Q2 2026 10-Q report. XTI Aerospace operates in the aerospace industry, providing unmanned aircraft systems (UAS) solutions through its commercial drone division and autonomous defense development.

XTI Aerospace, Inc. announced the dismissal of CBIZ CPAs P.C. as its principal accountant and the engagement of KPMG LLP as its new principal accountants. The change in accountants was approved by the Audit Committee of the Company's Board of Directors, effective June 26, 2026. The company reported no disagreements with CBIZ regarding accounting principles or financial statement disclosure. XTI Aerospace, Inc. operates in the aerospace industry and develops aircraft technology and components.