OS Therapies: D. Boral Capital Raises PT to $20 from $20 with Buy Rating

OS Therapies: D. Boral Capital Raises PT to $20 from $20 with Buy Rating

XTI Aerospace (Nasdaq: XTIA), a leading innovator in xVTOL and powered-lift aircraft solutions, has announced the pricing of a $20 million public offering. The offering comprises 12.5 million shares of common stock (or pre-funded warrants) and warrants to purchase up to 12.5 million additional shares at a combined price of $1.60 per share XTI Aerospace Announces Pricing of $20 Million Public Offering^[1].

The common warrants will have an exercise price of $2.00 per share and will be exercisable for five years. The offering is expected to close on September 15, 2025 XTI Aerospace Announces Pricing of $20 Million Public Offering^[1]. Proceeds from this financing will be allocated to working capital, general corporate purposes, and the development of the TriFan 600 airplane. ThinkEquity is acting as the sole placement agent for the offering XTI Aerospace Announces Pricing of $20 Million Public Offering^[1].

The structure of this offering is noteworthy. The $1.60 share price combined with immediate $2.00 warrants creates potential for further dilution if the stock price rises above the warrant exercise price. The offering's "best-efforts" nature indicates the placement agent isn't guaranteeing full subscription, reflecting some uncertainty about market demand for these securities XTI Aerospace Announces Pricing of $20 Million Public Offering^[1].

This financing represents a significant dilution for existing shareholders but provides essential capital for the company's operations. XTI plans to use the funds for working capital and the development of their TriFan 600 aircraft, a core product in their xVTOL (experimental Vertical Take-Off and Landing) portfolio. The company's mention of potentially using funds for acquisitions suggests they are keeping strategic options open, though no specific targets are identified XTI Aerospace Announces Pricing of $20 Million Public Offering^[1].

The offering is expected to close on September 15, 2025, using a shelf registration that became effective on August 12, 2025 XTI Aerospace Announces Pricing of $20 Million Public Offering^[1]. This financing will provide XTI with needed capital runway but comes at the cost of ownership dilution for existing investors. For a pre-revenue aerospace company developing novel aircraft technology, such capital raises are often necessary but highlight the ongoing cash burn and development costs in the capital-intensive aerospace sector.