XTI Aerospace Raises Up to $20M in Public Offering with Pre-Funded Warrants

XTI Aerospace is conducting a firm commitment public offering of up to 3.96 million shares of common stock priced at $5.05 each. Purchasers exceeding 4.99% (or 9.99%, by election) ownership may receive pre-funded warrants. The offering includes the underlying shares issuable upon exercise of the warrants. Up to 3.96 million pre-funded warrants will be offered. The pre-funded warrants are immediately exercisable and remain so until fully exercised.

XTI Aerospace, Inc. (Nasdaq: XTIA), a leading innovator in xVTOL and powered-lift aircraft solutions, has announced a firm commitment public offering of up to 3.96 million shares of common stock priced at $5.05 each. The offering, which is expected to close on June 12, 2025, subject to market conditions and customary closing requirements, includes the issuance of pre-funded warrants.

Purchasers exceeding 4.99% (or 9.99%, by election) ownership may receive pre-funded warrants. These warrants are immediately exercisable and remain so until fully exercised. Up to 3.96 million pre-funded warrants will be offered, with the underlying shares issuable upon exercise of the warrants.

The public offering is part of XTI's ongoing strategy to raise capital for its advanced aircraft designs and to support its growing portfolio of manned and unmanned aerial solutions. The company has been actively collaborating with various partners and institutions to accelerate its technology development and certification processes.

In recent months, XTI has made significant strides in its product development, including the successful completion of more than 1,500 complex computational fluid dynamics (CFD) calculations for its TriFan 600 xVTOL aircraft [1]. Additionally, the company has announced key partnerships, such as its collaboration with VerdeGo Aero for hybrid-electric technologies [2] and the selection of key supplier-partners for the TriFan 600 drivetrain system [3].

The public offering comes at a critical time for XTI as it seeks to strengthen its financial position and expand its operational capabilities. The company has also been actively engaging with investors, hosting webinars and shareholder town halls to provide updates on its progress and future plans.

References:
[1] https://finance.yahoo.com/quote/XTIA/press-releases/
[2] https://www.stocktitan.net/news/CABA/cabaletta-bio-announces-proposed-public-offering-of-4uytbwceould.html