Company: XTIA
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001213900-25-032213
Chunk: 295

Company: XTI Aerospace, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 295
---
an further alleges that Aircraft and the Company
breached the Agreement by not making certain payments to Chardan. Chardan also seeks to recover unspecified amounts relating to an alleged
right of first refusal to perform banking services in connection with certain offerings of its securities that the Company supposedly
did not honor. The Company filed a petition in the U.S. District Court for the Southern District of New York seeking to stay the Arbitration
to the extent that it has been asserted against the Company. On or about January 21, 2025, the Court entered a final judgement that:
(a) enjoins Chardan from prosecuting the arbitration against the Company and (b) declares that the Company has no contractual or other
duty to arbitrate with Chardan. The Aircraft subsidiary remains as a party to the arbitration and intends to defend against the arbitration
vigorously.

ITEM
4: MINE SAFETY DISCLOSURES

Not
applicable.

38

PART
II

ITEM
5: MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market
Information

Our
common stock currently trades under the symbol “XTIA” on the Nasdaq Capital Market. Prior to the XTI Merger, our common stock
traded under the symbol “INPX” on the Nasdaq Capital Market.

Holders
of Record

According to our transfer agent, as of April 11, 2025, we had approximately
1,719 shareholders of record of our common stock. This number does not include an indeterminate number of shareholders whose shares are
held by brokers in street name. Our stock transfer agent is Computershare Trust Company, N.A., 150 Royall Street, Suite 101, Canton, MA
02021.

Dividends

We have not declared or paid any cash dividends on our common stock,
and we currently intend to retain future earnings, if any, to finance the expansion of our business, therefore, we do not expect to pay
any cash dividends in the foreseeable future. The decision whether to pay cash dividends on our common stock will be made by our Board,
in their discretion, and will depend on our financial condition, results of operations, capital requirements and other factors that our
Board considers significant. Holders of Series 4 Convertible Preferred Stock and Series 5 Convertible Preferred Stock will not be entitled
to receive any dividends, unless and