XTI Aerospace Issues Shares and Pre-Funded Warrants in $25 Million Private Placement
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XTI Aerospace Inc. has completed a $25 million private placement, selling its Series 10 Convertible Preferred Stock to Unusual Machines, Inc. The preferred shares converted into 1,721,980 common stock shares and a pre-funded warrant for an additional 15,307,735 common shares. The sale relied on exemptions from registration under the Securities Act and is subject to transfer restrictions.
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