XTI Aerospace, Inc. Announces Public Offering of Common Stock and Warrants

On September 12, 2025, XTI Aerospace, Inc. entered into a placement agency agreement with ThinkEquity LLC for a public offering of 10,575,000 shares of common stock, pre-funded warrants to purchase up to 1,925,000 shares, and common warrants to purchase up to 12,500,000 shares. The combined public offering price for each share of common stock with one common warrant is $1.60, and for each pre-funded warrant with one common warrant is $1.599. The offering is expected to close on September 15, 2025, with net proceeds of approximately $18.1 million, which will be used for working capital, general corporate purposes, and the development of the TriFan 600 airplane. The company may also use a portion of the proceeds for potential acquisitions or investments in complementary businesses or technologies. As part of the agreement, the company will issue warrants to the placement agent to purchase up to 625,000 shares of common stock. The company and its executive officers and directors have also entered into lock-up agreements restricting the sale or transfer of shares for 90 and 60 days, respectively, from September 12, 2025.