A securities class action has been filed against XTI Aerospace, Inc. (“XTI Aerospace” or the “Company”) (NASDAQ: XTIA) and certain of its officers on behalf of investors who purchased or otherwise acquired XTI Aerospace securities between April 15, 2026 and August 17, 2026, inclusive (the “Class Period”).

The action, Noalan v. XTI Aerospace, Inc. et al., Case No. 1:26-cv-07378, was filed on August 28, 2026 in the U.S. District Court for the Southern District of New York. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5.

If you acquired XTI Aerospace securities during the Class Period and suffered a financial loss, contact Kehoe Law Firm to discuss your legal rights without cost or obligation.

What Does the XTI Aerospace Securities Class Action Allege?

The complaint focuses on XTI Aerospace’s April 15 and May 14, 2026 public statements and SEC filings, including its Form 10-K and Form 10-Q. Among other things, those filings stated that the Company’s disclosure controls and procedures were effective. The complaint alleges that these and other positive statements were materially false and/or misleading because defendants failed to disclose material adverse information to investors, including that:

• Senior executives had engaged in certain undisclosed activities;
• Those activities required Board review;
• There was reason to doubt the effectiveness of the Company’s disclosure controls and procedures;
• As a result, the Company would be unable to timely file its earnings reports; and
• As a result of the foregoing, defendants’ positive statements about XTI Aerospace’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

The Internal Review and Form 10-Q Delay

According to the complaint, on August 17, 2026, after the market closed, XTI Aerospace disclosed that it was unable to timely file its Form 10-Q for the quarter ended June 30, 2026 because it was completing an internal review of its former Chief Executive Officer, who resigned that day, and other related corporate governance matters.

The Company stated that the review was being conducted entirely by a committee of independent directors represented by independent counsel, that a timeline for completion had not yet been determined, and that it was evaluating the implications of the review for disclosures, certifications, controls, and governance matters. XTI Aerospace also stated that at that time, it did not believe the matters under review would affect previously issued financial statements.

The complaint alleges that, on this news, XTI Aerospace’s stock price fell $0.25 per share, or 15.9%, to close at $1.32 per share on August 18, 2026, on unusually heavy trading volume.

Review the XTI Aerospace Securities Class Action Complaint

XTI Aerospace Investors: Contact Kehoe Law Firm

Investors who purchased or otherwise acquired XTI Aerospace securities during the Class Period and suffered financial losses are encouraged to complete Kehoe Law Firm’s confidential Stockholder Information Request Form or send us a message to discuss their legal rights.

For a free, no-obligation legal evaluation, contact:

Michael Yarnoff, Esq.
(215) 792-6676, Ext. 804
[email protected]
[email protected]

Lead Plaintiff Deadline: October 27, 2026. Investors who wish to seek appointment as lead plaintiff must do so by October 27, 2026. Investors do not need to seek appointment as lead plaintiff to remain potential members of the proposed class or to be eligible to share in any potential recovery.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action law firm representing investors, consumers, and employees in matters involving securities fraud, corporate misconduct, mergers and acquisitions, antitrust violations, whistleblower claims, data breaches, consumer fraud, employment law violations, and retirement-plan mismanagement. Its attorneys have served as lead or co-lead counsel in major securities cases, recovering more than $10 billion for institutional and individual investors.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning plaintiffs are not responsible for attorneys’ fees or litigation expenses. Any request for attorneys’ fees and expenses will be subject to court approval.

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