XTI Aerospace Securities Fraud Class Action

XTI Aerospace, Inc. (NASDAQ: XTIA) disclosed on August 17, 2026 that it could not timely file its Form 10-Q due to an internal review of its former Chief Executive Officer, who resigned that day, and other corporate governance matters. The stock fell 15.9% to $1.32 on August 18, 2026. The The Law Offices of Frank R. Cruz filed a class action lawsuit in the United States — United States District Court for the Southern District of New York (Noalan v. XTI Aerospace, Inc., Case No. 26-cv-07378) on behalf of investors who purchased XTI Aerospace securities between April 15, 2026 and August 17, 2026. The complaint alleges that the company and certain executives made materially false and misleading statements and failed to disclose undisclosed senior executive activities, doubts about disclosure controls, and the resulting inability to file timely earnings reports. Investors have until October 27, 2026 to move for lead plaintiff.