#USA #Englewood #XTI Aerospace #TriFan 600 #xVTOL

XTI Aerospace Completes $16 Million Public Offering

XTI Aerospace, Inc., also known as XTI, has made a significant stride in advancing the aerospace sector by closing a $16 million public offering. This capital infusion comes at a crucial time as XTI continues to innovate in the field of powered-lift and vertical takeoff and landing (VTOL) aircraft solutions.

Details of the Offering

On June 26, 2025, XTI announced the closure of its underwritten public offering, which comprised 9,143,000 shares of common stock, along with pre-funded warrants and accompanying common warrants for a public offering price set at $1.75 per share. In addition to the initial shares, an over-allotment option allowed for the sale of an extra 1,371,000 common warrants, boosting the gross proceeds up to approximately $16 million, prior to the deduction of underwriting costs.

Each common warrant grants the holder the right to purchase an additional share at an exercise price of $2.00, and these warrants will be valid for five years from the issuance date. The proceeds raised from this offering are earmarked for working capital and general corporate purposes, notably the development of the TriFan 600 aircraft.

TriFan 600: A Game-Changer in Aviation

The TriFan 600 is XTI's flagship product, designed to revolutionize air travel with its unique xVTOL capabilities, combining the features of a conventional airplane and a helicopter. This aircraft aims to achieve cruising speeds exceeding 300 mph and a flight range exceeding 1,000 miles, which will open new horizons in urban mobility and business travel. The need for efficient, rapid transportation solutions is more pressing than ever, and XTI is poised to meet this demand.

A Robust Partnership with ThinkEquity

The successful completion of this public offering was facilitated by ThinkEquity, which acted as the sole book-running manager. Their expertise significantly contributed to the process, ensuring a smooth transaction. In conjunction with the offering, a registration statement was filed with the Securities and Exchange Commission (SEC) to comply with regulatory requirements, with the official prospectus available for potential investors to review.

Conclusion: The Path Ahead

XTI Aerospace's latest funding round is a testament to the burgeoning potential of the aerospace industry, particularly in powered-lift technologies. As the company directs these funds toward the continued development of the TriFan 600, they exemplify commitment and vision for the future of aviation. With innovative products on the horizon, XTI is set to contribute significantly to redefining air travel.

In summary, the successful closure of the $16 million public offering positions XTI Aerospace not only as a key player in the aerospace sector but also as a pioneer of the next generation of aviation solutions. The innovative developments following this funding will be closely watched by industry experts and aviation enthusiasts alike.

For additional details about XTI Aerospace and its projects, visit XTIAerospace.com.