XTI Aerospace shares fall 20.15% premarket after announcing a $20 million public offering.

XTI Aerospace, Inc. dropped 20.15% in premarket trading, with the company announcing a proposed public offering of $20 million in common stock and warrants. The offering is subject to market conditions and there is no assurance as to whether or when the offering may be completed. Additionally, the company filed a certificate of formation with the state of Texas for a new subsidiary, XTI Drones.