XTI Aerospace Prices $20 Million Public Offering to Fund TriFan 600 Development
XTI Aerospace's $20 million public offering will accelerate development of its innovative TriFan 600 vertical takeoff aircraft and support its real-time location systems technology business.
XTI Aerospace, Inc. (NASDAQ: XTIA) has priced a $20 million public offering of common stock and warrants, marking a significant capital raise for the advanced aviation company. The offering consists of 12,500,000 shares of common stock or pre-funded warrants, along with warrants to purchase up to 12,500,000 additional shares, priced at a combined $1.60 per share and associated warrant. The warrants feature an exercise price of $2.00 per share, are immediately exercisable, and will remain valid for five years following issuance.
The financing, expected to close on September 15, 2025, will generate gross proceeds of $20 million before accounting for fees and expenses. ThinkEquity is serving as the sole placement agent for this best-efforts offering. The net proceeds are designated for working capital, general corporate purposes, and critically, the continued development of the TriFan 600 aircraft, which represents a new category in aviation technology.
The TriFan 600, being developed by XTI Aircraft Company, represents a breakthrough in business aviation with its vertical takeoff and landing capabilities combined with fixed-wing performance. The aircraft is designed to achieve maximum cruising speeds exceeding 300 mph with a range of up to 1,000 miles, creating what the company terms the "xVTOL" category. This hybrid approach addresses key limitations of traditional helicopters while maintaining vertical flight capabilities.
Beyond aircraft development, XTI Aerospace's Inpixon business unit maintains a significant position in the real-time location systems market. The company's location intelligence solutions serve industrial clients worldwide, helping optimize operations, increase productivity, and enhance safety in manufacturing and industrial facilities. This dual focus on advanced aviation and industrial technology positions XTI Aerospace across multiple high-growth technology sectors.
The capital infusion comes at a crucial time for the advanced air mobility sector, which requires substantial investment to bring new aircraft concepts to certification and market readiness. The successful pricing of this offering demonstrates investor confidence in XTI Aerospace's technology roadmap and business strategy. For additional information about the company's developments, visit their corporate website.