XTI Aerospace (NASDAQ: XTIA), a pioneer in xVTOL and powered-lift aircraft solutions, announced the pricing of a best-efforts public offering of 12,500,000 shares of common stock (or pre-funded warrants in lieu thereof) and warrants to purchase up to 12,500,000 shares of common stock at a combined price of $1.60 per share and associated warrant. The warrants have an exercise price of $2.00 per share, are immediately exercisable, and will expire five years after issuance. Gross proceeds are expected to total $20 million before fees and expenses, with closing anticipated on Sept. 15, 2025. Net proceeds will be used for working capital, general corporate purposes, and development of the TriFan 600 airplane. ThinkEquity is acting as sole placement agent.
To view the full press release, visitย https://ibn.fm/D10GB
About XTI Aerospace, Inc.
XTI Aerospace (XTIAerospace.com) (NASDAQ: XTIA) is the parent company of XTI Aircraft Company, an aviation business based nearโฏDenver, Coloradoโฏ, currently developing theโฏTriFan 600, a fixed-wing business aircraft designed to have the vertical takeoff and landing (VTOL) capability of a helicopter, maximum cruising speeds of over 300 mph and a range up to 1,000 miles, creating an entirely new category โ the xVTOL. Additionally, the Inpixon (inpixon.com) business unit of XTI Aerospace is a leader in real-time location systems (RTLS) technology with customers around the world who use the Companyโs location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI, please visitโฏXTIAerospace.com and follow XTI on LinkedIn, Instagram, X, and YouTube.
For more information, please visit the Companyโs website:ย https://xtiaerospace.com/
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