XTI Aerospace announces proposed public offering

XTI Aerospace (XTIA) announced that it intends to offer to sell shares of its common stock and warrants in an underwritten 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 primarily for general working capital and general corporate purposes, and the full repayment of the Company’s outstanding secured promissory notes. ThinkEquity is acting as the sole book-running manager for the offering.