XTI Aerospace reports Q2 cash of $20M, TriFan 600 development milestones; no revenue

XTI Aerospace, Inc.

Cash and cash equivalents $20.0M at June 30, 2025, up from $4.1M at year-end 2024.
Raised $18.4M gross in June public offering and July over-allotment; debt-free balance sheet.
TriFan 600 milestones: GFEM finalized, drivetrain suppliers selected, FAA Ft. Worth CBO assigned.
MOU with VerdeGo Aero for hybrid-electric propulsion; prototyping lab opened in Grand Forks.
Stockholders' equity grew to $12.4M from $6.6M at Dec 31, 2024.

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