XTI Aerospace to acquire 30% stake in ReadyMonitor

XTI Aerospace (XTIA) announced that it has signed a non-binding Memorandum of Understanding to acquire a 30% fully-diluted equity interest in ReadyMonitor, an AI-powered, autonomous Drone-as-a-Service company, which is expected to close this Q1 2025, with the option to acquire the remaining 70% of ReadyMonitor within 12 months. The consummation of this Transaction, which is subject to the execution of definitive agreements and certain shareholder and regulatory approvals, is expected to expand XTI Aerospace’s footprint in the growing drone segment of the Powered-Lift market and support its advancement of VTOL technology.