XTI Aerospace (XTIA) has issued an update.
XTI Aerospace, Inc. has increased its At-The-Market (ATM) offering, raising the potential sales amount of common stock to approximately $83.8 million through Maxim Group LLC as their sales agent. With over 10 million shares already sold for about $36.4 million, the company has nearly $47.4 million worth of stock remaining to be potentially sold. This move allows the company to sell additional shares on the market, with Maxim earning a 3% commission on gross proceeds. The offering is set to continue until the end of 2024, or until all shares are sold. Meanwhile, the company has also engaged in warrant exchange agreements and has granted restricted stock to a consultant, further diversifying its financial activities.
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