XTI Aerospace Announces Pricing of $16 Million Public Offering

ENGLEWOOD, Colo., June 24, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA) ("XTI" or the "Company"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the pricing of an underwritten public offering of 9,143,000 shares of common stock (or pre-funded warrants ("Pre-Funded Warrants") in lieu thereof) and 9,143,000 warrants to purchase common shares (the "Common Warrants"). Each common share (or Pre-Funded Warrant) and Common Warrant is being sold to the public at a price of $1.75 per share (inclusive of the Pre-Funded Warrant exercise price) for gross proceeds of approximately $16 million, before deducting underwriting discounts and offering expenses. Each Common Warrant is immediately exercisable, and will entitle the holder to purchase one share of common stock at an exercise price of $2.00 per share and will expire five years from the date of issuance. The common shares (or Pre-Funded Warrants) and Common Warrants can only be purchased together in the offering but will be issued separately. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 1,371,000 common shares and/or Pre-Funded Warrants and/or Common Warrants to cover over-allotments at the public offering price, less the underwriting discount. The offering is expected to close on June 26, 2025, subject to satisfaction of customary closing conditions.

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