XTI Aerospace Suffers 20% Decline, Raises $20M in Offering at $1.60 per Share

XTI Aerospace has priced a $20M offering, selling 12.5M shares and warrants at $1.60 per share. The warrants have an exercise price of $2.00 per share. The stock has slumped 20% following the announcement.

Englewood, CO - XTI Aerospace (NASDAQ: XTIA) has priced its $20 million public offering, selling 12.5 million shares and warrants at $1.60 per share. The warrants have an exercise price of $2.00 per share and will be immediately exercisable for up to five years following the date of issuance. The offering is expected to close on September 15, 2025 XTI Aerospace slumps 20%, prices $20M offering at $1.60 per share^[1].

The company plans to use the net proceeds primarily for the development of its TriFan 600 airplane and for other general corporate purposes, including potential investments or acquisitions in related businesses or technologies. The stock price slumped 20% to $1.62 on Friday during pre-market hours of trading XTI Aerospace Slides After Pricing of Public Offering^[2].

XTI's stock has been under significant pressure in 2025, with a decline of about 86% since the start of the year and over 97% over the last 52 weeks. The company's latest offering comes as it aims to bolster its financial position and continue its development efforts.