Pomerantz Law Firm Announces Class Action Lawsuit Against XTI Aerospace, Inc.
Pomerantz LLP has filed a class action lawsuit against XTI Aerospace, Inc. (NASDAQ: XTIA) following allegations of securities fraud and unlawful business practices. The legal action follows the company's announcement on August 17, 2026, that it was unable to file its quarterly Form 10-Q report for the period ending June 30, 2026, within the required timeframe. The delay is reportedly due to an internal review concerning XTI's former Chief Executive Officer, who resigned on the same day the filing notice was issued. This news triggered significant market volatility, causing XTIA shares to drop by 15.92% to close at $1.32 per share on August 18, 2026. Investors seeking to be appointed as lead plaintiffs have until October 27, 2026, to submit their requests to the court.
Tickers: $XTIA
Topics: Class Action Lawsuit Corporate Governance SEC Filing Securities Fraud