other_material
confidence high
sentiment neutral
materiality 0.50
XTI Aerospace closes partial over-allotment exercise; total offering raised $18.4M
XTI Aerospace, Inc.
- Over-allotment exercised for 151,005 shares at $1.75/share, completing full exercise of option.
- Total offering includes 10,514,000 shares (or pre-funded warrants) with gross proceeds of approx. $18.4M.
- Company issued additional warrants to underwriter for 7,551 shares at $2.1875/share, same terms as initial offering.
item 8.01item 9.01