XTI Aerospace raises $16M in public offering of common stock and warrants

XTI Aerospace, Inc.

Offered 9.14M shares (or pre-funded warrants) and 9.14M common warrants at $1.75/unit.
Gross proceeds $16M; net proceeds ~$14.4M after underwriting discounts and expenses.
Underwriters exercised over-allotment for 1.37M additional common warrants.
Net proceeds to fund working capital and development of TriFan 600 aircraft.
Lock-up agreements: company 60 days, executives/directors 90 days from June 24, 2025.

item 1.01item 8.01item 9.01

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