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XTI Aerospace Announces Closing of $16 Million Public Offering
Prnewswire· 2025-06-26 21:25
Core Viewpoint - XTI Aerospace, Inc. has successfully closed a public offering of 9,143,000 shares of common stock and warrants, raising approximately $16 million for working capital and the development of the TriFan 600 airplane [1][2]. Group 1: Offering Details - The public offering price was set at $1.75 per share, which includes the exercise price of pre-funded warrants [1]. - An additional 1,371,000 Common Warrants were sold due to the underwriter's over-allotment option [1]. - Each Common Warrant allows the holder to purchase one share of common stock at an exercise price of $2.00, expiring five years from issuance [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital and general corporate purposes, specifically for the development of the TriFan 600 airplane [2]. Group 3: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with vertical takeoff and landing (VTOL) capabilities, maximum cruising speeds exceeding 300 mph, and a range of over 1,000 miles [5]. - The company also has a business unit, Inpixon, which specializes in real-time location systems (RTLS) technology for industrial applications [5].
XTI Aerospace Announces Pricing of $16 Million Public Offering
Prnewswire· 2025-06-25 01:35
Core Viewpoint - XTI Aerospace, Inc. has announced a public offering of 9,143,000 shares of common stock and 9,143,000 warrants, aiming to raise approximately $16 million for working capital and the development of the TriFan 600 airplane [1][2]. Group 1: Offering Details - The offering price is set at $1.75 per share, with each Common Warrant allowing the purchase of one share at an exercise price of $2.00, expiring five years from issuance [1]. - The underwriters have a 45-day option to purchase an additional 1,371,000 shares and/or warrants to cover over-allotments [1]. - The offering is expected to close on June 26, 2025, pending customary closing conditions [1]. Group 2: Company Overview - XTI Aerospace is developing the TriFan 600, a fixed-wing business aircraft with VTOL capabilities, cruising speeds over 300 mph, and a range exceeding 1,000 miles [5]. - The company also has a business unit, Inpixon, specializing in real-time location systems technology for industrial applications [5].
XTI Aerospace Deepens Defense Sector Expertise with Addition of Steve Griessel to Corporate Advisory Board
Prnewswire· 2025-06-11 13:00
ENGLEWOOD, Colo., June 11, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, named Stephen (Steve) Griessel, former Group CEO of Paramount Group Ltd., to its Corporate Advisory Board. His addition follows growing recognition of VTOL aircraft as a national strategic priority, as highlighted in President Trump's recent executive order."Steve brings deep aerospace and defense experience as well as a global mindset," said Scott Pomeroy, CEO ...
XTI Aerospace Announces FAA's Certification Branch Office Selection for the TriFan 600 xVTOL
Prnewswire· 2025-05-27 13:00
Ft. Worth, TX, CBO selected for TriFan 600 Type CertificationENGLEWOOD, Colo., May 27, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the Federal Aviation Administration ("FAA") has selected the Ft. Worth, Texas Certification Branch Office ("CBO") within the FAA's Central Region for the TriFan 600 type certification program.Following the FAA's acceptance of XTI's formal application for Type Certification of the TriFan ...
XTI Aerospace to Host Shareholder Town Hall on May 29
Prnewswire· 2025-05-21 13:00
ENGLEWOOD, Colo., May 21, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI"), a pioneer in xVTOL and powered-lift aircraft solutions, will host a virtual Shareholder Town Hall on Thursday, May 29, 2025, at 4:15 PM ET. Current and prospective investors as well as other interested parties are encouraged to attend. Event Details What: XTI Aerospace Shareholder Town Hall Webinar When: Thursday, May 29, 2025, at 4:15 PM ET Where: Register for the virtual event here: https://xtiaerospace.com/sharehol ...
XTI Aerospace Reports First Quarter 2025 Results and Provides Business Update
Prnewswire· 2025-05-19 20:15
Balance sheet strengthened through elimination of legacy debt and stock-based obligationsStrong TriFan 600 program execution and FAA certification progress position XTI Aerospace for upcoming pre-sales relaunchENGLEWOOD, Colo., May 19, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI Aerospace" or the "Company"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the filing of its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 and provided an up ...