XTI Aerospace Announces Pricing of Public Offering

Core Viewpoint - XTI Aerospace, Inc. has announced a public offering of 2,941,200 shares of common stock and warrants, aiming to raise approximately $4 million for working capital and repayment of secured promissory notes [1][2]. Group 1: Offering Details - The public offering price is set at $1.36 per share, which includes the exercise price for pre-funded warrants [1]. - The warrants will be immediately exercisable for a period of five years at the same exercise price of $1.36 per share [1]. - The offering is expected to close on March 31, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - The net proceeds from the offering will primarily be used for general working capital and corporate purposes, including the full repayment of outstanding secured promissory notes [2]. Group 3: Company Background - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, designed to reach speeds of up to 345 mph and a range of approximately 700 miles [5]. - The company also has a business unit, Inpixon, that specializes in real-time location systems (RTLS) technology, serving customers globally to optimize operations and enhance safety [5].