XTI Aerospace Pronounces Closing of $20 Million Frequent Inventory Providing By Investing.com

ENGLEWOOD, Colo., Jan. 10, 2025 /PRNewswire/ — XTI Aerospace, Inc. (Nasdaq: XTIA), (“XTI” or the “Firm”), a pioneer in superior plane design, immediately introduced the closing of its beforehand introduced best-efforts providing of 1,454,546 shares of frequent inventory, priced at-the-market below Nasdaq guidelines at an providing value of $13.75 per share, on a publish 1-for-250 reverse inventory cut up foundation. Gross proceeds from the providing had been roughly $20,000,000, earlier than deducting the position agent’s charges and different providing bills. All of the shares within the providing had been supplied by the Firm.

The Firm intends to make use of the online proceeds from the providing primarily for working capital and basic company functions.

ThinkEquity acted as sole placement agent for the providing.

The securities had been supplied and bought pursuant to the Firm’s at the moment efficient shelf registration assertion on Type S-3 (File No. 333-279901), together with a base prospectus, filed with the U.S. Securities and Alternate Fee (the “SEC“) on Might 31, 2024 and declared efficient on June 18, 2024. The providing was made via a prospectus complement and prospectus which have been filed with the SEC and out there on the SEC’s web site at www.sec.gov. It is best to learn the relevant prospectus complement and prospectus for extra full details about the Firm and the providing. You might acquire these paperwork freed from cost by visiting the SEC web site at www.sec.gov. Alternatively, you could acquire copies by contacting ThinkEquity, 17 State Avenue (NYSE:), forty first Ground, New York, New York 10004.

This press launch shall not represent a suggestion to promote or a solicitation of a suggestion to purchase, nor shall there be any sale of those securities in any state or jurisdiction during which such a suggestion, solicitation or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.

About XTI Aerospace, Inc.

XTI Aerospace (XTIAerospace.com) (NASDAQ: XTIA) is the mother or father firm of XTI Plane Firm, an aviation enterprise based mostly close to Denver, Colorado, at the moment creating the TriFan 600, a fixed-wing enterprise plane designed to have the vertical takeoff and touchdown (VTOL) functionality of a helicopter, speeds of as much as 345 mph and a spread of roughly 700 miles, creating a wholly new class “ the vertical raise crossover airplane (VLCA). Moreover, the Inpixon (NASDAQ:) (inpixon.com) enterprise unit of XTI Aerospace is a pacesetter in real-time location methods (RTLS) know-how with prospects around the globe who use the corporate’s location intelligence options in factories and different industrial amenities to assist optimize operations, enhance productiveness, and improve security. For extra details about XTI Aerospace, please go to XTIAerospace.com and HangerXStudios.com (an aviation innovation podcast), and observe the corporate on LinkedIn, Instagram, X, and YouTube.

Ahead Trying Statements

This press launch accommodates sure “forward-looking statements” inside the that means of america Personal Securities Litigation Reform Act of 1995, Part 27A of the Securities Act, and Part 21E of the Alternate Act. All statements aside from statements of historic reality contained on this press launch, together with with out limitation, statements in regards to the merchandise below improvement by XTI, the benefits of XTI’s know-how, and XTI’s prospects, plans and methods are forward-looking statements.
A few of these forward-looking statements will be recognized by way of forward-looking phrases, together with “consider,” “proceed,” “may,” “would,” “will,” “estimate,” “count on,” “intend,” “plan,” “goal,” “initiatives,” or the negatives of those phrases or variations of them or related expressions. All forward-looking statements are topic to dangers, uncertainties, and different components which may trigger precise outcomes to vary materially from these expressed or implied by such forward-looking statements. All forward-looking statements are based mostly upon estimates, forecasts, and assumptions that, whereas thought-about cheap by XTI and its administration, are inherently unsure, and lots of components could trigger the precise outcomes to vary materially from present expectations. XTI undertakes no obligation to revise any forward-looking statements with the intention to mirror occasions or circumstances which may subsequently come up. Readers are urged to rigorously overview and think about the danger components mentioned on occasion in XTI’s filings with the SEC, together with these components mentioned below the caption “Danger Components” in its most up-to-date annual report on Type 10-Ok, filed with the SEC on April 16, 2024, and in subsequent studies filed with or furnished to the SEC.

Contacts:

Basic inquiries:
E-mail: contact@xtiaerospace.com
Internet: https://xtiaerospace.com/contact

Investor Relations:
Crescendo Communications
Tel: +1 212-671-1020
E-mail: XTIA@crescendo-ir.com