Certain subsidiaries of XTI Aerospace, an aerospace technology company focused on building and scaling its Drone Nerds, subsidiary, a drone platform serving enterprise and government customers, have entered into an asset-based lending (ABL) credit facility with JPMorgan Chase, effective Feb. 11, 2026.
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 facility will provide Drone Nerds with liquidity to fund future growth, working capital and routine dividends to the company. Proceeds from the facility 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,” Scott Pomeroy, CEO of XTI, said. “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.”
