XTI Aerospace Prices $20 Million Public Offering to Fund TriFan 600 Development

XTI Aerospace, Inc. (NASDAQ: XTIA) has priced a $20 million public offering of common stock and warrants, marking a significant financial milestone for the advanced aviation company. The offering consists of 12,500,000 shares of common stock or pre-funded warrants in lieu thereof, along with warrants to purchase up to 12,500,000 additional shares, all priced at a combined $1.60 per share and associated warrant. This capital infusion is expected to provide crucial funding for the company's ambitious aircraft development programs.

The warrants included in this offering feature an exercise price of $2.00 per share and are immediately exercisable upon issuance, with an expiration date set for five years after the closing of the offering. ThinkEquity is serving as the sole placement agent for this transaction, which is anticipated to close on September 15, 2025. The gross proceeds of $20 million, before deducting placement agent fees and other offering expenses, represent a substantial financial commitment to XTI Aerospace's growth strategy.

Net proceeds from this offering will be strategically allocated to several critical areas, including working capital requirements, general corporate purposes, and most importantly, the continued development of the groundbreaking TriFan 600 airplane. This aircraft represents a technological leap in aviation, designed to combine the vertical takeoff and landing capabilities of a helicopter with the speed and range of a conventional fixed-wing business aircraft. The TriFan 600 is engineered to achieve maximum cruising speeds exceeding 300 mph with a range of up to 1,000 miles, potentially creating an entirely new category of aircraft known as xVTOL.

Beyond its aircraft development division, XTI Aerospace also operates the Inpixon business unit, a leader in real-time location systems technology. This subsidiary serves customers worldwide with location intelligence solutions that help optimize operations, increase productivity, and enhance safety in industrial facilities and factories. The company maintains an online presence at https://xtiaerospace.com/ where investors and aviation enthusiasts can find detailed information about both the TriFan 600 development and the company's broader technological initiatives.

This public offering comes at a pivotal moment for the advanced air mobility sector, where companies are racing to develop next-generation aircraft that could revolutionize regional transportation. The successful completion of this funding round could significantly accelerate XTI Aerospace's timeline for bringing the TriFan 600 to market, potentially positioning the company as a leader in the emerging xVTOL aircraft category. The combination of vertical takeoff capability with jet-like performance addresses longstanding limitations in regional air travel, potentially enabling point-to-point transportation without requiring traditional runways.