XTI Aerospace Receives Nasdaq Deficiency Notice

XTI Aerospace, Inc. (Nasdaq: XTIA) announced it has received a notification letter from Nasdaq. The notice indicates that the company is not in compliance with the minimum listing standards required to remain on the Nasdaq stock exchange.

While the specific reasons for the deficiency were not detailed in the announcement, such notices are typically related to falling below minimum bid price requirements, market capitalization, or shareholder equity thresholds.

XTI Aerospace has stated that it is actively pursuing a plan to regain compliance with Nasdaq's listing rules. The company has not yet provided specific details on the steps it intends to take to rectify the situation.

The company identifies itself as an aerospace and advanced technology platform, and is the parent company of Drone Nerds, LLC, a provider of drone solutions for commercial and enterprise clients.