XTI Aerospace Prices $20 Million Public Offering to Fund TriFan 600 Development
TL;DR
XTI Aerospace's $20 million offering provides investors early access to innovative xVTOL technology with warrants exercisable at $2.00 for potential future gains.
XTI Aerospace priced 12.5 million shares and warrants at $1.60 each, raising $20 million to fund TriFan 600 development and general corporate purposes.
XTI Aerospace's funding advances the TriFan 600, a sustainable VTOL aircraft that could revolutionize transportation and reduce urban congestion.
XTI Aerospace is developing the TriFan 600, a hybrid aircraft that takes off like a helicopter but flies like a jet at 300 mph.
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XTI Aerospace, Inc. (NASDAQ: XTIA) has announced the pricing of a $20 million public offering consisting of common stock and warrants, marking a crucial funding milestone for the development of its revolutionary TriFan 600 aircraft. The offering includes 12,500,000 shares of common stock and warrants to purchase an additional 12,500,000 shares at a combined price of $1.60 per share and associated warrant.
The warrants, which are immediately exercisable at $2.00 per share and expire in five years, provide investors with additional upside potential while securing essential capital for XTI's ambitious aviation projects. Gross proceeds from the offering are expected to reach $20 million before accounting for fees and expenses, with the transaction scheduled to close on September 15, 2025. ThinkEquity is serving as the sole placement agent for this significant capital raise.
This funding initiative holds substantial importance for the future of advanced air mobility. The net proceeds will be allocated toward working capital, general corporate purposes, and most critically, the continued development of the TriFan 600 airplane. This innovative aircraft represents a breakthrough in aviation technology, designed to combine the vertical takeoff and landing capabilities of a helicopter with the speed and range of traditional fixed-wing aircraft.
The TriFan 600, as detailed on the company's website https://xtiaerospace.com/, promises maximum cruising speeds exceeding 300 mph and a range of up to 1,000 miles, positioning it to create an entirely new category of aircraft known as xVTOL. This development could revolutionize business aviation by offering unprecedented flexibility in takeoff and landing locations while maintaining high-speed travel capabilities.
Beyond its aircraft division, XTI Aerospace's Inpixon business unit, accessible at https://inpixon.com/, specializes in real-time location systems technology used by industrial customers worldwide to optimize operations, increase productivity, and enhance safety in manufacturing and industrial facilities.
The successful pricing of this offering demonstrates investor confidence in XTI Aerospace's vision and technological capabilities. For the aviation industry, this funding represents another step toward making advanced vertical takeoff aircraft commercially viable, potentially transforming how businesses and individuals approach air travel in the coming years.
Curated from InvestorBrandNetwork (IBN)
