Core Viewpoint - XTI Aerospace, Inc. plans to conduct an underwritten public offering of its common stock and warrants, subject to market conditions [1][2] Group 1: Offering Details - The offering will include shares of common stock and/or pre-funded warrants, with the proceeds primarily allocated for general working capital and repayment of outstanding secured promissory notes [2] - ThinkEquity is the sole book-running manager for the offering [2] - The securities will be offered under a shelf registration statement on Form S-3, which was filed with the SEC [3] Group 2: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, designed to reach speeds of 345 mph and a range of 700 miles [5] - The company also operates Inpixon, which specializes in real-time location systems technology for industrial applications [5]
XTI Aerospace Announces Proposed Public Offering