XTI Aerospace announces offering of common stock, warrants

XTI Aerospace (XTIA) announced that it intends to offer to sell shares of its common stock and warrants in a best-efforts public offering. All of the shares of common stock and warrants are being offered by the company. 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.