XTI Aerospace Announces $20 Million Public Offering and Plans to Use Proceeds for TriFan 600 Development

XTI Aerospace has priced a $20 million public offering of 12.5 million shares of common stock and warrants to purchase up to 12.5 million shares at $1.60 per share. The offering is expected to close on September 15, 2025, and the net proceeds will be used for working capital, general corporate purposes, and potentially investing in or acquiring businesses or technologies.

XTI Aerospace, Inc. (Nasdaq: XTIA), a pioneer in xVTOL and powered-lift aircraft solutions, has priced a $20 million public offering of 12.5 million shares of common stock and warrants to purchase up to 12.5 million shares at $1.60 per share. The offering is expected to close on September 15, 2025, subject to customary closing conditions XTI Aerospace Announces Pricing of $20 Million Public Offering^[1].

The net proceeds from the offering will be used for working capital and general corporate purposes, including the development of the TriFan 600 airplane. The company may also use a portion of the net proceeds to invest in or acquire businesses or technologies, although no current commitments or obligations exist XTI Aerospace Announces Pricing of $20 Million Public Offering^[1].

The securities will be offered and sold pursuant to a shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission on August 12, 2025. ThinkEquity is acting as the sole placement agent for the offering XTI Aerospace Announces Pricing of $20 Million Public Offering^[1].

XTI Aerospace is currently valued at $41.42 million and has shown strong revenue growth of 142.61% in the last twelve months. However, the company faces significant cash burn challenges, as indicated by InvestingPro data XTI Aerospace announces proposed public offering of common stock^[2]. The company's overall financial health score is WEAK, with EBITDA at -$30.36 million XTI Aerospace announces proposed public offering of common stock^[2].

The TriFan 600, developed by XTI Aerospace, is a fixed-wing business aircraft designed with vertical takeoff and landing capabilities similar to a helicopter, offering speeds exceeding 300 mph and a range of up to 1,000 miles XTI Aerospace announces proposed public offering of common stock^[2]. The company also operates Inpixon, a business unit focused on real-time location systems technology for industrial facilities XTI Aerospace announces proposed public offering of common stock^[2].

The offering comes with standard cautionary notes that the completion, timing, and final terms are subject to market conditions XTI Aerospace announces proposed public offering of common stock^[2].