XTI Aerospace Signs Agreement for Public Offering

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2025.09.15 10:59
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XTI Aerospace (XTIA) has signed a placement agency agreement with ThinkEquity LLC to issue 10,575,000 shares in a public offering, aiming to raise approximately $18.1 million for working capital and the development of the TriFan 600 airplane. The offering is expected to close on September 15, 2025. Analyst ratings for XTIA stock are currently negative, with a Sell rating and a $1.50 price target, reflecting poor financial performance and a bearish trend in stock valuation.