XTI Aerospace Announces Closing of $20 Million Public Offering

ENGLEWOOD, Colo., Sept. 15, 2025 /PRNewswire/ -- XTI Aerospace, Inc. (Nasdaq: XTIA), ("XTI" or the "Company"), a pioneer in xVTOL and powered-lift aircraft solutions, today announced the closing of its previously announced 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 have an exercise price of $2.00 per share and are 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 were offered by the Company. Total gross proceeds from the offering, before deducting the placement agent's fees and other offering expenses, were $20 million.

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