XTI Aerospace Announces Proposed Public Offering; Terms Not Disclosed

XTI Aerospace, Inc. (NASDAQ:XTIA), ("XTI" or the "Company"), a pioneer in next-generation xVTOL and powered-lift aircraft solutions, today announced that it intends to offer to sell shares of its common stock (and/or pre-funded warrants ("Pre-Funded Warrants") in lieu thereof) and warrants in a best-efforts public offering. All of the shares of common stock (and/or Pre-Funded Warrants) and warrants are being offered by the Company. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes, including the development of the TriFan 600 airplane. The Company may also use a portion of the net proceeds to invest in or acquire businesses or technologies, although the Company has no current commitments or obligations to do so.

ThinkEquity is acting as the sole placement agent for the offering.