XTI Aerospace Prices $20 Million Public Offering to Advance TriFan 600 Development

XTI Aerospace, Inc. (Nasdaq: XTIA) has announced the pricing of a $20 million best‑efforts public offering to support working capital needs and accelerate development of its TriFan 600 vertical takeoff and landing business aircraft. The offering consists of 12.5 million shares of common stock,  or pre‑funded warrants in lieu of shares,  paired with common warrants to purchase an equal number of shares.

The securities are priced at $1.60 per share (inclusive of the pre‑funded warrant exercise price) with accompanying common warrants exercisable at $2.00 per share for five years from issuance. All securities are being offered directly by the company, with ThinkEquity serving as sole placement agent. Closing is expected on September 15, 2025, subject to customary conditions.

Funding the Next Phase of xVTOL Development

Net proceeds will be directed toward general corporate purposes, including advancing the TriFan 600 program,  a fixed‑wing aircraft designed to combine the range and speed of a light jet with the vertical lift capability of a helicopter. The TriFan 600 is projected to cruise at over 300 mph with a range of up to 1,000 miles, targeting both business aviation and specialized mission markets.

XTI also indicated that a portion of the funds could be used for potential investments or acquisitions, though no commitments are currently in place.

Strategic Context for Aerospace Stakeholders

The raise comes as the eVTOL and hybrid vertical flight sector moves from concept to certification, with several developers seeking capital to fund late‑stage engineering, testing, and regulatory engagement. XTI’s approach,  positioning the TriFan 600 as a long‑range, high‑speed platform,  differentiates it from shorter‑range urban air mobility designs, potentially opening opportunities in regional business travel, government operations, and remote‑area access.

For aerospace industry observers, the offering signals both investor appetite for differentiated vertical flight concepts and the capital intensity required to bring such aircraft to market. The combination of equity and warrants also reflects a structure designed to attract investors willing to participate in the company’s long‑term growth trajectory.