XTI Aerospace raises $20M in stock offering, cuts liabilities, advances TriFan 600

XTI Aerospace, Inc.

Raised $20M gross proceeds from sale of common stock at $13.75/share (post 1-for-250 reverse split).
Raised additional $25M in gross proceeds via ATM offerings since end of Q1 2024.
Reduced total balance sheet liabilities as of Dec 31, 2024 vs Sep 30, 2024.
Completed FAA General Familiarization meeting with 60+ representatives; released C211.2 TriFan 600 configuration.
Entered non-binding agreement to acquire equity interest in ReadyMonitor, an AI-powered drone company.

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