Company: XTIA
Filing Date: 2025-12-02
Form Type: DEFA14A
Source: 0001213900-25-116942
Chunk: 8

Company: XTI Aerospace, Inc.
Filing Date: 2025-12-02
Form: DEFA14A
Chunk 8
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 10 Preferred Stock.

In connection with the PIPE
Offering, the Company issued placement agent warrants to the placement agent to purchase 837,801 shares of common stock, which were exercisable
commencing November 12, 2025, expire November 10, 2030 and have an exercise price of $1.492 per share. The Company’s obligation
to issue shares upon exercise of the placement agent warrants is subject to the Company’s receipt of Shareholder Approval.

The Company’s common
stock is listed on the Nasdaq Capital Market, and, as such, is subject to the applicable rules of the Nasdaq, including Nasdaq Listing
Rules 5635(a) and 5635(d).

Nasdaq Listing Rule 5635(a)(1)
requires a company listed on Nasdaq to obtain stockholder approval prior to the issuance of common stock, among other things, in connection
with the acquisition of the stock or assets of another company, if the number of shares of common stock to be issued is equal to or in
excess of 20% of the number of shares of common stock then outstanding.

For Nasdaq purposes, the
issuance of shares of the Company’s common stock pursuant to the PIPE Purchase Agreement may be aggregated with the issuance of
securities as consideration in the acquisition, on November 10, 2025, by XTI Drones Holdings, LLC, a Texas limited liability company
(“XTI Drones Holdings”) and a subsidiary of the Company’s wholly-owned subsidiary, XTI Drones, LLC, of 100% of the
issued and outstanding equity interests (the “Acquired Interests”) of two enterprise drone solutions providers, Drone Nerds,
LLC, a Florida limited liability company (“Drone Nerds”), and Anzu Robotics, LLC, a Delaware limited liability company (“Anzu
Robotics”), pursuant to the terms of two separate membership interest purchase agreements (the “Acquisition Purchase Agreements,”
and such transactions, respectively, the “Drone Nerds Acquisition” and the “Anzu Robotics Acquisition” and collectively,
the “Acquisitions”).

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The aggregate consideration
for the Acquired Interests consisted of (i) approximately $20 million in cash (including approximately $1.8 million of transaction expenses
incurred by the sellers and paid by XTI Drones Holdings pursuant to the Acquisition Purchase Agreements), (ii) promissory notes in the
aggregate original