FAQ: XTI Aerospace's $20 Million Public Offering of Common Stock and Warrants

What is the main topic of this announcement?

XTI Aerospace, Inc. (NASDAQ: XTIA) has priced 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.

How much does XTI Aerospace expect to raise from this offering?

Gross proceeds are expected to total $20 million before fees and expenses, with net proceeds to be used for working capital, general corporate purposes, and development of the TriFan 600 airplane.

What are the key details of the warrants being offered?

The warrants have an exercise price of $2.00 per share, are immediately exercisable, and will expire five years after issuance.

When is the closing of this public offering anticipated?

Closing is anticipated on September 15, 2025.

Who is acting as the placement agent for this offering?

ThinkEquity is acting as sole placement agent for this public offering.

What is XTI Aerospace’s primary business focus?

XTI Aerospace is a pioneer in xVTOL and powered-lift aircraft solutions, currently developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing capability. The company also has a business unit, Inpixon, that provides real-time location systems technology.

Where can I find more information about XTI Aerospace?

For more information about XTI Aerospace, please visit their website at https://xtiaerospace.com/ and follow them on LinkedIn, Instagram, X, and YouTube.

Where can I view the full press release about this offering?

The full press release can be viewed at https://ibn.fm/D10GB