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 public offering that aims to raise $20 million through the sale of 12,500,000 shares of common stock and associated warrants. The offering is structured at a combined price of $1.60 per share and warrant, with the warrants carrying an exercise price of $2.00 per share. These warrants are immediately exercisable and will remain valid for five years from their issuance date.
The gross proceeds from this offering are expected to reach $20 million before accounting for fees and expenses, with the closing anticipated to occur on September 15, 2025. ThinkEquity is serving as the sole placement agent for this transaction, managing the best-efforts public offering. The net proceeds will be allocated toward working capital, general corporate purposes, and specifically for the development of the TriFan 600 airplane, which represents a significant innovation in aviation technology.
XTI Aerospace, through its subsidiary XTI Aircraft Company, is developing the TriFan 600, a fixed-wing business aircraft designed to combine vertical takeoff and landing (VTOL) capabilities with high-speed performance. The aircraft is projected to achieve maximum cruising speeds exceeding 300 mph and offer a range of up to 1,000 miles, positioning it within an entirely new category known as xVTOL. This development could revolutionize business travel by providing faster point-to-point transportation without the need for traditional runways.
In addition to its aircraft development, XTI Aerospace includes the Inpixon business unit, which specializes in real-time location systems (RTLS) technology. This technology is utilized by customers worldwide to optimize operations, increase productivity, and enhance safety in industrial facilities. More information about the company's initiatives can be found at https://xtiaerospace.com/.
The successful completion of this offering could accelerate the development timeline for the TriFan 600, potentially bringing this advanced aircraft to market sooner. This advancement may have broader implications for the aviation industry, including reduced congestion at traditional airports and increased efficiency in business travel. For investors, the offering provides an opportunity to participate in a company at the forefront of aerospace innovation, though it involves typical risks associated with early-stage technology development.
Curated from InvestorBrandNetwork (IBN)
