XTI Aerospace Secures $20 Million JPMorgan Chase & Co. Asset-Based Lending Facility

Rhea-AI Summary

XTI Aerospace (Nasdaq: XTIA) secured an Asset-Based Lending facility with JPMorgan Chase providing up to $20 million of revolving borrowing capacity, effective Feb 11, 2026. The facility is collateralized by eligible accounts receivable and inventory subject to advance rates and reserves.

Proceeds will fund Drone Nerds subsidiary growth, working capital, routine dividends to XTI, and repay $10.5 million of existing indebtedness incurred by Drone Nerds, supporting a disciplined path toward sustainable, cash-flow positive growth.

Positive

• $20 million revolving ABL with JPMorgan
• Repayment of $10.5 million existing Drone Nerds debt
• Provides liquidity to fund working capital and growth
• Allows routine dividends from Drone Nerds to XTI

Negative

• Availability limited by borrowing base advance rates and reserves
• Access tied to eligible accounts receivable and inventory levels

News Market Reaction

-1.70%

1 alert

-1.70% News Effect

On the day this news was published, XTIA declined 1.70%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

ABL facility size: $20 million Revolving capacity: $20 million Debt repayment: $10.5 million

3 metrics

ABL facility size $20 million Maximum revolving borrowing capacity under JPMorgan ABL credit facility

Revolving capacity $20 million Subject to borrowing base of eligible receivables and inventory

Debt repayment $10.5 million Existing indebtedness of Drone Nerds to be repaid to XTI

Market Reality Check

Price: $1.73 Vol: Volume 1,796,468 vs 20-da...

normal vol

$1.73 Last Close

Volume Volume 1,796,468 vs 20-day average 2,160,434 (relative volume 0.83x) suggests only moderate activity into this news. normal

Technical Price at $1.76 is trading slightly below the 200-day MA of $1.77, with shares still 76.31% below the 52-week high.

Peers on Argus

XTIA’s move occurred as several aerospace/defense peers also traded higher (e.g....

3 Up 1 Down

XTIA’s move occurred as several aerospace/defense peers also traded higher (e.g., SIF up 15.79%, SIDU up 5.34%, CVU up 2.91%, PRZO up 2.94%), while KITT fell 6.1%. Momentum scanner data still flags this as stock-specific rather than a broad sector rotation.

Historical Context

5 past events · Latest: Feb 09 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 09	Guidance & strategy	Positive	+12.3%	2026 guidance above $160M revenue and cash-flow positive outlook.
Feb 05	Business divestiture	Positive	+1.3%	Sale of Inpixon RTLS unit to focus on Drone Nerds and profitability.
Feb 05	Product expansion	Positive	+1.3%	Added Freefly Alta X Gen2 heavy-lift drone to enterprise lineup.
Feb 04	Board appointment	Positive	-6.5%	Appointed veteran aviation executive Ornstein to support M&A and growth.
Jan 30	Product portfolio	Positive	-5.1%	Expanded Drone Nerds’ LiDAR payload lineup with Freefly FLUX series.

Pattern Detected

Recent XTIA news has often been viewed positively, but price reactions have been mixed, with three positive-alignment moves and two negative divergences.

Recent Company History

Over the past weeks, XTI Aerospace has focused on sharpening its drone-centered strategy and improving its financial profile. It divested the Inpixon RTLS business for about $5.48 million, expanded Drone Nerds’ product and LiDAR portfolios, and added aviation veteran Jonathan Ornstein to its board. A February 5 town hall outlined 2026 revenue above $160 million and an expected cash-flow positive trajectory. The new $20 million ABL facility fits into this backdrop of scaling Drone Nerds with more flexible financing.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2026-01-15

An effective Form S-3 shelf dated 2026-01-15 registers up to 18,031,466 existing shares for resale by current stockholders. XTI Aerospace is not selling shares itself and will not receive proceeds from these resales, though the registration could enable additional selling pressure from existing holders.

Market Pulse Summary

This announcement outlined a new $20 million asset-based lending facility from JPMorgan to support D...

Analysis

This announcement outlined a new $20 million asset-based lending facility from JPMorgan to support Drone Nerds’ working capital, inventory and growth needs while repaying $10.5 million of existing indebtedness to XTI. It follows recent divestitures, growth guidance above $160 million in 2026 revenue, and an effective resale shelf for existing holders. Investors may watch utilization of the facility, cash-flow progression, and how this borrowing base-backed line affects leverage and operational flexibility.

Key Terms

asset-based lending ("abl"), credit facility, borrowing base

3 terms

asset-based lending ("abl") financial

"have entered into an Asset-Based Lending ("ABL") credit facility with JPMorgan"

A loan secured by a company's tangible assets—such as inventory, accounts receivable, or equipment—where the lender can seize those assets if the borrower defaults. Investors care because asset-based lending can provide companies quick access to cash with lower interest or looser qualifications than unsecured loans, but it also signals that a firm may rely on collateral rather than strong cash flow, affecting risk and recovery prospects in trouble.

credit facility financial

"have entered into an Asset-Based Lending ("ABL") credit facility with JPMorgan"

A credit facility is a flexible loan arrangement that allows a borrower to access funds up to a set limit whenever needed, similar to a company having an overdraft option on a bank account. It matters to investors because it indicates how easily a business can secure cash when required, affecting its ability to manage expenses, invest, or respond to financial challenges.

borrowing base financial

"subject to a borrowing base comprised of eligible accounts receivable and inventory"

A borrowing base is the amount a lender will allow a company to borrow based on the value of assets the company offers as security, typically things like accounts receivable and inventory. It matters to investors because it sets a practical ceiling on short-term financing and influences a company’s liquidity and risk: if the borrowing base falls, the company may lose access to cash or be forced to sell assets, which can affect operations and share value.

AI-generated analysis. Not financial advice.

Facility enhances liquidity, supports working capital efficiency and reinforces disciplined path of sustainable, cash-flow positive growth

ENGLEWOOD, Colo., Feb. 17, 2026 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace," "XTI," or the "Company"), an aerospace technology company focused on building and scaling its Drone Nerds, LLC ("Drone Nerds") subsidiary, a drone platform serving enterprise and government customers, announced that certain of its subsidiaries, including Drone Nerds, have entered into an Asset-Based Lending ("ABL") credit facility with JPMorgan Chase & Co. ("JP Morgan"), effective February 11, 2026 (the "credit facility").

The credit facility provides up to $20 million of revolving borrowing capacity, subject to a borrowing base comprised of eligible accounts receivable and inventory, each subject to advance rates and reserves. The ABL will provide Drone Nerds with ample liquidity to fund future growth, working capital and routine dividends to the Company. Proceeds from the ABL will also be used to repay the Company $10.5 million for existing indebtedness incurred by Drone Nerds during the acquisition.

"Securing this credit facility with JP Morgan is an important milestone in aligning our capital structure with our operating model," said Scott Pomeroy, Chief Executive Officer of XTI. "As the Drone Nerds platform drives continued revenue growth, we expect the credit facility to provide flexibility as we seek to optimize our inventory and order book to serve our enterprise and government customers."

About XTI Aerospace, Inc.
XTI Aerospace, Inc. (Nasdaq: XTIA) is an aerospace technology company focused on the advancement of vertical flight. Through its Drone Nerds business, acquired in November 2025, XTI is a premier provider of unmanned aircraft systems ("UAS"), solutions, services and hardware. Through its XTI Aircraft business, the Company is engaged in the development of advanced vertical takeoff and landing ("VTOL") aircraft with the range and speed of planes and the take-off and landing capability of helicopters.

For more information about XTI, please visit xtiaerospace.com and follow XTI on LinkedIn, Instagram, X, and YouTube.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release are forward-looking statements.

Forward-looking statements may be identified by words such as "believe," "continue," "could," "would," "will," "expect," "intend," "plan," "target," "estimate," "project," or similar expressions. These statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Such risks include, but are not limited to, XTI's and Drone Nerd's ability to generate sufficient revenue and cash flow, availability under the credit facility, compliance with financial covenants under the credit facility, market adoption, regulatory requirements, supply chain conditions, technological developments, access to capital, and changes in applicable laws or regulations. XTI undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances. Readers are encouraged to review the risk factors described in XTI's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings.

Contacts

General inquiries:
Email: contact@xtiaerospace.com
Web: https://xtiaerospace.com/contact

Investor Relations:
Dave Gentry, CEO
RedChip Companies, Inc.
Phone: 1-407-644-4256
Email: XTIA@redchip.com

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SOURCE XTI Aerospace, Inc.

FAQ

What is the size and effective date of XTI Aerospace's JPMorgan ABL (XTIA)?

The facility provides up to $20 million of revolving capacity, effective Feb 11, 2026. According to the company, borrowings are subject to a borrowing base made up of eligible accounts receivable and inventory with advance rates and reserves.

How will the ABL affect Drone Nerds liquidity and operations for XTIA?

The ABL is intended to provide ample liquidity to fund growth, working capital, and routine dividends. According to the company, proceeds will support Drone Nerds' enterprise and government order fulfillment and inventory optimization.

How much existing indebtedness will XTI repay with proceeds from the JPMorgan facility (XTIA)?

XTI will repay $10.5 million of existing indebtedness incurred by Drone Nerds with ABL proceeds. According to the company, that repayment is a primary use alongside funding growth and working capital.

Does the JPMorgan ABL impose restrictions that could limit XTIA borrowing capacity?

Yes. Borrowing availability is restricted by a borrowing base consisting of eligible receivables and inventory and subject to advance rates and reserves. According to the company, this means capacity varies with asset levels.

What strategic purpose does the ABL serve for XTI Aerospace (XTIA)?

The ABL aligns capital structure with the operating model and provides flexibility to optimize inventory and the order book. According to the company, management expects it to support sustainable, cash-flow positive growth for Drone Nerds and XTI.

Will the JPMorgan facility allow XTI to pay dividends from Drone Nerds to the parent (XTIA)?

Yes. The company said the ABL will permit routine dividends to XTI from Drone Nerds as part of its intended uses. According to the company, this is alongside funding working capital and repaying prior indebtedness.