IPO - XTI Aerospace, Inc.

Form Type: 8-K

Filing Date: 2025-03-31

Corporate Action: Ipo

Type: New

Accession Number: 000101376225004468

Filing Summary: On March 28, 2025, XTI Aerospace, Inc. entered into an underwriting agreement with ThinkEquity LLC for a public offering of shares including common stock and warrants. The offering includes 765,200 shares of common stock priced at $1.36 per share, alongside pre-funded warrants to purchase 2,176,000 shares, and common warrants for 2,941,200 shares. The closing of the offering is anticipated on March 31, 2025, with net proceeds expected to be approximately $3.3 million, aimed at general corporate purposes and repaying secured promissory notes. Lock-up agreements were established for executive officers and directors restricting them from selling shares for varying periods post-offering. A copy of the legality opinion regarding the issuance of shares and warrants is attached, and press releases announcing the offering and its pricing will be included as exhibits.

Form Type: 424B5

Filing Date: 2025-01-10

Corporate Action: Ipo

Type: New

Accession Number: 000121390025002375

Filing Summary: XTI Aerospace, Inc. is offering 363,636,364 shares of common stock at a purchase price of $0.055 per share, totaling approximately $20 million. The common stock is listed on the Nasdaq under the symbol 'XTIA.' The offering's structure allows for immediate use of the funds raised, although no minimum offering requirement means fewer securities may be sold, impacting potential proceeds significantly. The placement agent, ThinkEquity LLC, is tasked with facilitating the sale but is not directly purchasing any shares. A Reverse Stock Split at a ratio of 1-for-250 will take effect on January 10, 2025, impacting all issued shares and shares from this offering. The company reported a commitment to utilize funds raised within their capital-intensive aircraft development operations and mentioned the planned closing of the offering taking place by January 10, 2025, contingent upon these processes.