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Posted by
Two Blokes Jun 26 -
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Stock
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ENGLEWOOD, Colo. , June 26, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI" or the "Company"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the closing of its underwritten public offering of 9,143,000 shares of common stock (or pre-funded warrants ("Pre-Funded Warrants") in lieu thereof) and warrants to purchase up to 9,143,000 shares of common stock (the "Common Warrants") at a combined public offering price of $1.75 per share (inclusive of the Pre-Funded Warrant exercise price) and accompanying Common Warrant, and an additional 1,371,000 Common Warrants sold upon exercise of the underwriter's over-allotment option, for gross proceeds of approximately $16 million, before deducting underwriting discounts and offering expenses.
