XTI Aerospace Announces Closing of $20 Million Common Stock Offering By Investing.com

England, Colo, January 10, 2025 /PRNewswire/ — XTI Aerospace, Inc. (NASDAQ: XTIA ), (“XTI” or the “Company”), a pioneer in advanced aircraft design, announced today that it is offering 1,454,546 shares of its common stock in the market, following its previously announced best effort offering. The Nasdaq shares are priced at $13.75 per share based on a 1-for-250 reverse stock split. The total proceeds from the grant were approx. 20,000,000 dollarsBefore deducting the placement agent’s fees and other offering expenses. All the shares in the offer are given by the company.

The Company intends to use the net proceeds from the Offering primarily for working capital and general corporate purposes.

ThinkEquity Acted as sole placement agent for the offering.

The securities were offered and sold pursuant to the Company’s current effective registration statement, including a prospectus, on Form S-3 (File No. 333-279901). US Securities and Exchange Commission (of “SEC“) is on May 31, 2024 And announced that it is effective June 18, 2024. The offering was made by means of a prospectus supplement and a prospectus SEC And it is available SEC’s website at www.sec.gov. You should read the applicable prospectus supplement and prospectus for more complete information about the company and its offerings. You can access these documents for free by visiting SEC website at www.sec.gov. Alternatively, you can get copies by contacting us. ThinkEquity, 17 State Street (NYSE:41st Floor, New York, New York 10004.

This press release shall not constitute an offer to sell or buy, nor shall the sale of these securities be unlawful in any state or jurisdiction prior to the registration or registration of such offer, offer or sale. in accordance with the securities laws in such state or jurisdiction.

In Care Of XTI Aerospace, Inc.

XTI Aerospace (XTIAerospace.com) (NASDAQ: XTIA) is the parent company. XTI Aircraft CompanyAn aviation business near Denver. ColoradoCurrently, the Trifan 600 fixed-wing commercial helicopter is developing a fixed-wing aircraft capable of reaching speeds of up to 345 mph and a range of approximately 700 miles, creating an entirely new category: the “vertical lift crossover aircraft (VLCA). In addition, the Inpixon (NASDAQ:) inpixon.com) business unit XTI Aerospace It is a leader in real-time location systems (RTLS) technology with customers around the world who use the company’s location information solutions in factories and other industrial facilities to streamline operations, increase productivity and enhance safety. For more information about XTI AerospacePlease visit XTIAerospace.com and HangerXStudios.com (an aviation innovation podcast) and follow the company on LinkedIn, Instagram, X and YouTube.

Forward-looking statements

This press release contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release are forward-looking statements, including, without limitation, statements of products being developed by XTI, the benefits of XTI technology and XTI’s customers, plans and strategies.
Certain of these forward-looking statements may be characterized by the use of forward-looking words, including “believe,” “continue,” “may,” “will,” “estimate,” “expect,” “plan.” , “Plan,” “Target,” “Projects,” or the negatives or variations of these terms or similar expressions. All forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. All forward-looking statements are based on assumptions, forecasts and assumptions that, while considered reasonable by XTI and management, are inherently uncertain, and many factors could cause actual results to differ materially from current expectations. XTI undertakes no obligation to revise any forward-looking statements to reflect events or circumstances that may arise in the future. Readers are urged to carefully review and consider the risk factors raised from time to time in XTI’s documentation. SECincluding those factors discussed in the statement entitled “Risk Factors” in its most recent Annual Report on Form 10-K; SEC April 16, 2024 and subsequent reports submitted or submitted to them SEC.

Contacts:

General questions:
Email: contact@xtiaerospace.com
Web:

Investor Relations:
Crescendo relationships
Phone: +1 212-671-1020
Email: XTIA@crescendo-ir.com