XTI Aerospace, Inc announced it has into a Distribution Agreement and definitive equity purchase agreement to issue minimum of 12,000 Non-Voting convertible Preferred Stock at issue price $1,000 per share of Preferred Stock for gross proceeds $12,000,000 and maximum of 55,000 Non-Voting convertible Preferred Stock at issue price $1,000 per share of Preferred Stock for gross proceeds $55,000,000 on June 28, 2024. The transaction includes participation from new investor, FC Imperial Limited. The offering will be made in tranches.
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- XTI Aerospace, Inc. announced that it expects to receive $55 million in funding from Fc Imperial Limited