Company: XTIA
Filing Date: 2025-06-25
Form Type: 424B4
Source: 0001213900-25-057901
Chunk: 28

Company: XTI Aerospace, Inc.
Filing Date: 2025-06-25
Form: 424B4
Chunk 28
---
 Form 10-K and our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 (the “1Q 2025 Form 10-Q”)
and the audited consolidated financial statements and related notes and the unaudited condensed consolidated financial statements and
related notes included in the 2024 Form 10-K and the 1Q 2025 Form 10-Q, respectively.

<div align='center'>16</div>

|                                                                                                                                                                                                                                      |     | As of March 31, 2025  
 (in thousands, except 
 number of shares      
 and par value data)   |          |   |     |            |          |   |     |              |          |   |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:----------------------|---------:|:--|:----|:-----------|---------:|:--|:----|:-------------|---------:|:--|
|                                                                                                                                                                                                                                      |     | Unaudited,            |          |   |     | Unaudited, |          |   |     | Unaudited,   
 Pro Forma As |          |   |
|                                                                                                                                                                                                                                      |     | Actual                |          |   |     | Pro Forma  |          |   |     | Adjusted     |          |   |
| Cash and Cash Equivalents                                                                                                                                                                                                            |     | $                     |    8,008 |   |     | $          |   11,777 |   |     | $            |   26,225 |   |
| Stockholders’ Equity                                                                                                                                                                                                                 |     |                       |          |   |     |            |          |   |     |              |          |   |
| Common stock - $0.001 par value; 500,000,000 shares authorized; 4,787,540 shares outstanding as of March 31, 2025; 9,558,040 shares outstanding on a pro forma basis; 15,789,240 shares outstanding on a pro forma as adjusted basis |     |                       |        5 |   |     |            |       10 |   |     |              |       16 |   |
| Preferred stock - $0.001 par value; 5,000,000 shares authorized                                                                                                                                                                      |     |                       |          |   |     |            |          |   |     |              |          |   |
| Series 4 Convertible Preferred Stock - 10,415 shares