Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 588

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 588
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      Number of   Exercise   Remaining   Value      Shares   Price   Life (Years)   (in millions)   Outstanding at January 1, 2023   3,615   $4,425.28    7.7   $       —   Granted   1,089   $4,677.36             Exercised   -   $—             Expired   -   $—             Forfeitures   (58)  $4,901.42             Outstanding at December 31, 2023   4,646   $4,481.30    6.7   $—   Legacy Inpixon stock options from merger   5   $16,917.50             Granted   55,434   $117.50             Exercised   (371)  $0.25             Expired   (3)  $700.00             Forfeitures   (8,526)  $484.00             Outstanding at December 31, 2024   51,185   $455.00    9.3   $—   Exercisable at December 31, 2024   3,803   $3,330.00    7.7   $—  

Forfeitures
during the year ended December 31, 2024 were primarily due to the departures of Legacy XTI’s former Chief Executive Officer and
the Company’s former Chief Legal Officer. The weighted average grant-date fair value of options granted during the years ended
December 31, 2024 and 2023 was approximately $0.2 million and $0.6 million, respectively.

F-31

XTI
AEROSPACE, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

The
Board approved awards of options to certain Company executives under the 2018 Plan. Each option has an exercise price of $118.25 per
share. The options