Business
XTI Aerospace Announces Closing of $16 Million Public Offering
XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI" or the "Company"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the closing of its underwritten public offering of 9,143,000 shares of common stock (or pre-funded warrants ("Pre-Funded Warrants") in lieu thereof) and warrants to purchase up to 9,143,000 shares of common stock (the "Common Warrants") at a combined public offering price of $1.75 per share (inclusive of the Pre-Funded Warrant exercise price) and accompanying Commo
About this update from Xti Aerospace, Inc.
[{"type":"text","content":"ENGLEWOOD, Colo., June 26, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI" or the "Company"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the closing of its underwritten public offering of 9,143,000 shares of common stock (or pre-funded warrants ("Pre-Funded Warrants") in lieu thereof) and warrants to purchase up to 9,143,000 shares of common stock (the "Common Warrants") at a combined public offering price of $1.75 per share (inclusive of the Pre-Funded Warrant exercise price) and accompanying Common Warrant, and an additional 1,371,000 Common Warrants sold upon exercise of the underwriter's over-allotment option, for gross proceeds of approximately $16 million, before deducting underwriting discounts and offering expenses. Each Common Warrant is immediately exercisable, entitles the holder to purchase one share of common stock at an exercise price of $2.00 per share, and expires five years from the date of issuance. The shares of common stock (or Pre-Funded Warrants in lieu of such shares) and Common Warrants were purchased together in the offering but were issued separately. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 1,371,000 shares of common stock and/or Pre-Funded Warrants or any combination thereof to cover over-allotments at the public offering price, less the underwriting discount.","length":1462,"tagName":"p"},{"type":"image","alt":"XTI Aerospace Logo (PRNewsfoto/XTI Aerospace, Inc.)","displaySize":"","headline":null,"caption":"XTI Aerospace Logo (PRNewsfoto/XTI Aerospace, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":240,"url":"https://media.zenfs.com/en/prnewswire.com/2e244aac2df0cb488ddc830f1ac246a9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2Rp5GTkCVo6sjQJaqbdytw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQyMztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/2e244aac2df0cb488ddc830f1ac246a9","width":400,"height":240}},"href":"https://mma.prnewswire.com/media/2656341/XTI_Aerospace_Vertical_Logo_Black.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes, including the development of t...