XTI Aerospace prices $4M public offering of stock, pre-funded and common warrants

XTI Aerospace, Inc.

Underwriting agreement with ThinkEquity on March 28 for firm commitment offering at $1.36 per unit.
Gross proceeds ~$4M; net proceeds ~$3.3M after underwriting discounts and expenses.
Net proceeds include ~$2.7M to fully repay two secured promissory notes to Streeterville Capital.
Offering consists of 765,200 shares, 2,176,000 pre-funded warrants, and 2,941,200 common warrants.
Lock-up: 60 days for company, 90 days for officers/directors; closing expected March 31, 2025.

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