XTI Aerospace Plans Public Offering; Shares Decline After Hours

MT Newswires Live

09/12

XTI Aerospace (XTIA) said late Thursday it plans a public offering of common shares and warrants with ThinkEquity as the placement agent.

Net proceeds will be used for working capital and general corporate purposes, according to a statement.

Shares fell 18.7% during after-hours trading.

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