XTI Aerospace completed the acquisition of Drone Nerds for $40m.

XTI Aerospace, an aviation and technology company, completed the acquisition of Drone Nerds, a provider of comprehensive drone solutions, for $40m. "The acquisition of Drone Nerds is a foundational step as we advance our strategy to build the most comprehensive portfolio of vertical flight and UAS capabilities in the industry. The addition of Drone Nerds significantly expands XTI's scale, recurring revenue base and near-term operating footprint," Scott Pomeroy, XTI CEO.