24/7 Market News Snapshot 07 January, 2025 – XTI Aerospace, Inc. Common Stock (NASDAQ:XTIA)

January 7, 2025

DENVER, Colo., 07 January, 2025 (247marketnews.com) – (Nasdaq:XTIA) are discussed in this article.
XTI Aerospace, Inc. (Nasdaq:XTIA) announced the launch of a best-efforts offering of 363,636,364 shares of its common stock, priced at $0.055 per share, aimed at generating approximately $20 million in gross proceeds. This capital will primarily support general working capital and enable the company to further its ongoing initiatives, particularly in the realm of advanced aircraft design. This offering, which is expected to close on January 10, 2025, remains subject to customary closing conditions, with ThinkEquity acting as the sole placement agent to facilitate the process.

The company’s stock, however, has recently encountered volatility, trading down significantly from an opening price of $0.21 to its current level of $0.076, representing a decline of about 13.64%. This downward movement may signal a bearish trend that reflects selling pressure or negative market sentiment, especially following its previous session close of $0.088. Notably, the reported trading volume dipped alarmingly, leading to concerns over potential data anomalies that warrant careful observation.

XTI Aerospace is at the forefront of innovation with its flagship project, the TriFan 600, a fixed-wing aircraft distinguished by its vertical takeoff and landing (VTOL) capabilities. Designed to reach speeds of up to 345 mph with a range of approximately 700 miles, this groundbreaking aircraft is set to reshape the aviation landscape by creating a new category called vertical lift crossover airplane (VLCA).

Investors and stakeholders are urged to consider XTI’s Securities and Exchange Commission (SEC) filings for comprehensive insights into the company’s potential and related risk factors, as XTI Aerospace continues to advance its position in the dynamic aerospace sector.

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