XTI Aerospace appoints Michael Tapp as Chairman of the Advisory Board

XTI Aerospace announced formation of the XTI Corporate Advisory Board and the appointment of Michael Tapp as its Chairman. Tapp is an operating partner for Palingen Capital, an evergreen holding company that acquires lower middle market businesses from legacy-minded owners. Mr. Tapp will also serve as a Senior Advisor to the Company. Tapp is an operating partner for Palingen Capital and has served in a similar role for HBC Investments, a private equity firm, after almost a decade of leadership roles at Interstate Battery. While at Interstate, he was an officer on the senior executive team, the President of Interstate’s multi-unit franchise system, and the President of Interstate’s industrial power management business. He also has contributed to the Investment Committee of the SBoTX Foundation as well as to the boards of directors and corporate advisory boards of several growth stage companies with international footprints. Before joining Interstate, Tapp held senior executive roles at both operating and private equity organizations while serving on the Executive Committee of the Center for New Ventures and Entrepreneurship at Texas A&M University’s Mays School of Business.