Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 152

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 152
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led 
     (224) 
    $4,201.22  
    $— 
  
    Expired 
     (6) 
    $4,201.22  
    $— 
  
    Exchanged 
     —  
    $—  
    $— 
  
    Outstanding at December
    31, 2023 
     3,088  
    $896.26  
    $— 

    Legacy Inpixon warrants
    from merger 
     5,794  
    $6,106.12  
    $— 
  
    Granted 
     671  
    $3,501.02  
    $— 
  
    Exercised 
     (1,640) 
    $1.74  
    $— 
  
    Cancelled 
     —  
    $—  
    $— 
  
    Expired 
     (374) 
    $28.01  
    $— 
  
    Exchanged 
     (6,411) 
    $417.06  
    $— 
  
    Outstanding at December
    31, 2024 
     1,128  
    $20,343.35  
    $— 

    Exercisable at December
    31, 2023 
     1,574  
    $1,702.71  
    $— 

    Exercisable at December
    31, 2024 
     372  
    $63,685.00  
    $— 

Warrant
Exercises

On March 11, 2024, Legacy XTI entered into an amendment (the “Warrant
Amendment”) with Mesa Airlines (“Mesa”). The Warrant Amendment modifies the vesting criteria with respect to the shares
of common stock underlying the warrant issued by the Company to Mesa pursuant to the conditional aircraft purchase contract described
below. As amended by the Warrant Amendment, (i) one-third or 757 warrant shares vested upon the execution and delivery of the conditional
aircraft purchase contract, dated February 2, 2022, by and between the Company and Mesa, relating to the purchase of 100 TriFan 600 airplane,
(ii) one-sixth or 378 of the warrant shares vested on March 12, 2024 in which the Company recorded $0