#United States #Englewood #Public Offering #XTI Aerospace #VTOL Aircraft

Overview of XTI Aerospace's Recent Offering

On March 31, 2025, XTI Aerospace, Inc. (NASDAQ: XTIA), a front-runner in the design of vertical takeoff and landing (VTOL) and powered-lift aircraft, announced the successful closure of its public offering. The offering comprised 2,941,200 shares of common stock, including pre-funded warrants, each priced at $1.36. This strategic move is designed to bolster the company's financial position and support its ongoing projects in the aviation sector.

Details of the Offering

The total gross proceeds from the public offering amounted to approximately $4 million before accounting for underwriting fees and other associated expenses. All of these shares and the related warrants were offered by XTI Aerospace. The warrants provided an opportunity for investors to purchase additional shares at the same price of $1.36 for a duration of five years, beginning with their issuance. The decision to pursue a public offering reflects the company's need for capital to further expand its operational capabilities.

XTI Aerospace primarily intends to utilize the net proceeds from this offering for general working capital, corporate purposes, and to fully repay its existing secured promissory notes.

The Role of ThinkEquity

In this successful endeavor, ThinkEquity acted as the sole book-running manager for the public offering, streamlining the process and ensuring regulatory compliance. The securities were offered under a shelf registration that was filed with the U.S. Securities and Exchange Commission (SEC). Upon closing, relevant documents, such as the prospectus supplement, were made publicly available, allowing investors to stay informed about the terms of the offering.

XTI Aerospace: Innovating the Future of Flight

XTI Aerospace is known for its innovative contributions to the aviation sector. Based near Denver, Colorado, the company is working on the TriFan 600, a revolutionary aircraft designed to merge the capabilities of fixed-wing planes with those of helicopters. With a speed of 345 mph and a range of 700 miles, the TriFan 600 seeks to establish a new category in aviation known as vertical lift crossover airplanes (VLCA).

In addition to aircraft development, XTI Aerospace hosts the Inpixon business unit, specializing in real-time location systems (RTLS) technology. This innovative technology assists a variety of industries in optimizing operations, enhancing productivity, and improving workplace safety through location intelligence solutions.

Future Plans and Commitments

As XTI Aerospace looks to the future, the company is focused on advancing its aircraft technologies and ensuring that it remains at the forefront of aviation innovation. The public offering represents a critical step in solidifying its financial foundation, enabling the implementation of its long-term business strategies.

The company emphasizes transparency with stakeholders by addressing risks and uncertainties associated with forward-looking statements, maintaining an open dialogue about the factors that could influence their future operations.

To keep abreast of XTI Aerospace's latest developments and offerings, interested parties can visit XTIAerospace.com and follow the company on various social media platforms, including LinkedIn, Instagram, and YouTube.

Conclusion

In conclusion, the successful completion of this public offering showcases XTI Aerospace's commitment to growth and innovation within the aviation industry. With the funds raised, the company is poised to advance its pioneering VTOL projects and sustain its market-leading position in aerospace technology.