<a href="https://laohu8.com/S/XTIA">XTI</a> Aerospace Inc. and Chardan Capital Markets Reach Settlement, Ending Arbitration Dispute Without Payments
XTI Aerospace Inc. has resolved its legal dispute with Chardan Capital Markets LLC through a settlement agreement. The litigation stemmed from an engagement letter dated June 7, 2022, which led to arbitration initiated by Chardan against XTI Aerospace and its subsidiary, XTI Aircraft Company. A U.S. District Court ruling in January 2025 had previously enjoined Chardan from prosecuting the arbitration against XTI Aerospace, declaring no duty to arbitrate with them. The settlement, finalized on July 8, 2025, includes a mutual release of all claims between the parties and a stipulation to dismiss the arbitration claims with prejudice, without any financial payments exchanged. The engagement letter has been terminated, bringing the matter to a close.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XTI Aerospace Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-062190), on July 09, 2025, and is solely responsible for the information contained therein.
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