XTI Aerospace Announces Pricing of $20 Million Public Offering

ENGLEWOOD, Colo., Sept. 12, 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 a best-efforts public offering of 12,500,000 shares of its common stock (or pre-funded warrants ("Pre-Funded Warrants") in lieu thereof) and warrants ("Common Warrants") to purchase up to 12,500,000 shares of common stock at a combined public offering price of $1.60 per share (inclusive of the Pre-Funded Warrant exercise price) and associated Common Warrant. The Common Warrants will have an exercise price of $2.00 per share and will be immediately exercisable upon issuance for a period of five years following the date of issuance. All of the shares (or Pre-Funded Warrants) and Common Warrants in the offering are being offered by the Company. Total gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, are expected to be $20 million. The offering is expected to close on September 15, 2025, subject to satisfaction of customary closing conditions.

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