XTI Aerospace Sets Pricing for Public Offering of Shares and Warrants

XTI Aerospace Pricing Update

XTI Aerospace, a frontrunner in innovative aircraft design based in Englewood, Colorado, has recently disclosed the pricing details for its latest public offering. This offering is part of the company's ongoing efforts to expand its operations and enhance its product lines, particularly focusing on the development of its cutting-edge TriFan 600.

On March 28, 2025, XTI announced it would be offering 2,941,200 shares of common stock at a public offering price of $1.36 each. This pricing also includes pre-funded warrants, with a combined amount anticipated to generate total gross proceeds of around $4 million before any expenses related to underwriting are deducted. The company expects the offering to close on March 31, 2025, pending routine closing conditions.

The proceeds from this public offering are earmarked mainly for general working capital, along with the repayment of the company's outstanding secured promissory notes. Such financial maneuvers are vital for ensuring the company's liquidity and flexibility as it embarks on developing advanced aviation solutions.

The offering encompasses both common shares and warrants, with the latter having an immediate exercisable option and a five-year exercise period post-issuance. Investors should be aware that the offering is being conducted under a shelf registration filed with the U.S. Securities and Exchange Commission (SEC), ensuring compliance with all regulatory requirements.

XTI Aerospace’s innovative trajectory includes the development of the TriFan 600, an advanced VTOL (Vertical Take-Off and Landing) aircraft combining the capabilities of helicopters and airplanes. Designed to achieve speeds of up to 345 mph and with a range of approximately 700 miles, the TriFan 600 is set to redefine the standards in the vertical lift category, providing unparalleled versatility for business aviation.

Additionally, XTI Aerospace's Inpixon business unit, specializing in real-time location systems, contributes to utilizing cutting-edge technology aimed at optimizing operational efficiency and safety for clients across various industries. This diversification into location intelligence systems positions XTI as a holistic player in the aerospace industry, enhancing its appeal in an increasingly competitive market.

As an integral part of its growth strategy, XTI Aerospace continues to build a supportive investor ecosystem through proactive communication and investment opportunities, as seen with the current offering led by ThinkEquity acting as the sole book-running manager.

For stakeholders and interested parties, further details regarding the terms of the offering will be adequately disclosed in a prospectus supplement to be filed with the SEC. This is part of XTI’s commitment to transparency and providing investors with substantial information prior to making investment decisions.

In conclusion, as XTI Aerospace progresses with this public offering, the implications for both its financial health and product advancement are significant. The company is poised to make noteworthy strides within the aerospace sector as it continues to develop and enhance its innovative technologies, notably through the TriFan 600. Interested investors should remain vigilant for further updates as XTI Aerospace ventures into this promising phase of growth and capability expansion.