XTI Aerospace closes partial over-allotment option, raises $18 million in offering

XTI Aerospace, Inc. (NASDAQ:XTIA), a company currently valued at $28 million and showing a significant 8% return over the past week, announced Monday that it closed a partial exercise of the over-allotment option related to its public offering of common stock, pre-funded warrants, and common warrants. According to a press release statement and a filing with the Securities and Exchange Commission, the underwriter exercised the option for 1,219,995 shares of common stock at the public offering price of $1.75 per share. InvestingPro analysis indicates the company maintains a favorable cash position relative to its debt, though it’s currently experiencing rapid cash burn.

Following this transaction, XTI Aerospace sold a total of 10,362,995 shares of common stock or pre-funded warrants in the offering, resulting in gross proceeds of approximately $18 million. These figures are before the deduction of underwriting discounts, commissions, and estimated offering expenses.

The company also issued additional warrants to the underwriter, allowing for the purchase of 61,000 shares of common stock at an exercise price of $2.1875 per share. These warrants are subject to adjustments and carry the same terms as those issued during the initial closing of the offering on June 26, 2025.

XTI Aerospace is incorporated in Nevada and is headquartered in Englewood, Colorado. Its common stock is listed on the Nasdaq Capital Market under the symbol XTIA.

All information is based on a press release statement and the company’s filing with the Securities and Exchange Commission.

XTI Aerospace closes partial over-allotment option, raises $18 million in offering

XTIA

1.70%

XTI Aerospace, Inc. (NASDAQ:XTIA), a company currently valued at $28 million and showing a significant 8% return over the past week, announced Monday that it closed a partial exercise of the over-allotment option related to its public offering of common stock, pre-funded warrants, and common warrants. According to a press release statement and a filing with the Securities and Exchange Commission, the underwriter exercised the option for 1,219,995 shares of common stock at the public offering price of $1.75 per share. InvestingPro analysis indicates the company maintains a favorable cash position relative to its debt, though it’s currently experiencing rapid cash burn.

Following this transaction, XTI Aerospace sold a total of 10,362,995 shares of common stock or pre-funded warrants in the offering, resulting in gross proceeds of approximately $18 million. These figures are before the deduction of underwriting discounts, commissions, and estimated offering expenses.

The company also issued additional warrants to the underwriter, allowing for the purchase of 61,000 shares of common stock at an exercise price of $2.1875 per share. These warrants are subject to adjustments and carry the same terms as those issued during the initial closing of the offering on June 26, 2025.

XTI Aerospace is incorporated in Nevada and is headquartered in Englewood, Colorado. Its common stock is listed on the Nasdaq Capital Market under the symbol XTIA.

All information is based on a press release statement and the company’s filing with the Securities and Exchange Commission.

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In other recent news, XTI Aerospace has made significant strides in its development of the TriFan 600 aircraft. The company announced the completion of a structures technical familiarization meeting with the Federal Aviation Administration (FAA), a critical step in its certification process. Additionally, XTI has completed over 1,500 computational fluid dynamics (CFD) calculations to enhance the aerodynamics of the TriFan 600, utilizing the Frontier supercomputer for this analysis. The FAA has also selected its Certification Branch Office in Ft. Worth, Texas, to oversee the type certification of the TriFan 600, marking further progress in the aircraft’s development.

In corporate developments, XTI Aerospace has appointed Stephen Griessel, former CEO of Paramount Group (NYSE:PGRE), to its Corporate Advisory Board. Griessel brings extensive experience in aerospace and defense, which aligns with XTI’s innovative ambitions. Furthermore, XTI has entered a technology collaboration with MagLev Aero to explore electric propulsion solutions, potentially integrating MagLev’s HyperDrive technology into its aircraft. This partnership includes a preliminary order for up to 100 propulsion systems, pending the achievement of technical milestones. These recent developments reflect XTI’s ongoing efforts to advance its technology and expand its leadership team.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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